Financial Management

Investment returns show slipping values in 2023

Investment returns show slipping values in 2023

Canadian investment returns for 2023 show retail improvement, industrial deceleration and continuing office value decline, as capital loss balances out income growth for a flat total return.
renovictions

Clamping down on renovictions

Hamilton will soon be the first city in Ontario to introduce a renoviction bylaw forcing landlords to obtain a licence prior to issuing an N-13
insurance

Uncertainty leads to rising costs

The biggest challenge for many real estate owners in 2024 will be finding affordable insurance coverage to protect their buildings.
Interest rates subdue multifamily development

Interest rates subdue multifamily developers

Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.
fall economic statement

The road to more rental housing

Canada's fall economic update includes steps to crack down on short-term rentals and billions in financing toward rental housing construction.
Conversion momentum draws on combo of factors

Conversion momentum draws on combo of drivers

Replicating Calgary’s nascent office-to-residential conversion momentum in other markets will likely depend on the same combination of weak office values, strong housing demand and generous incentives.
Promises aplenty ahead of Manitoba election

Promises aplenty ahead of Manitoba election

Manitobans are hearing promises aplenty as political parties offer up tax cuts, rate freezes and incentive programs ahead of the provincial election, set for October 3.
Ontario keeps clinging to 2016 market values

Ontario keeps clinging to 2016 market values

The recent regulation to postpone Ontario's property reassessment for another year stretches the assessment cycle to double its originally intended time span.
Toronto strives to find more cash

Toronto strives to find more cash

Commercial properties are central to Toronto’s efforts to find more cash as the city government considers how to address massive budget shortfalls projected for 2024 and into the future.
Office conversion prospects judged challenging

Office conversion prospects judged challenging

Viable conversion candidates must begin with a basic structural prerequisite, but construction costs, location, surrounding amenities and assumptions about future office values all influence the business case.
heat pumps

Retrofitting with heat pumps  

Since 2019, retrofitting with heat pumps has been rising in popularity among Canadian REITs and large residential landlords looking to invest in cleantech.
St. Lawrence Market

Toronto’s legacy of inclusive city-building

As the city of Toronto accelerates efforts to address housing affordability, inclusivity and the barriers inhibiting rapid housing development were top of mind at the Urban Land Institute’s Spring Meeting.
Multifamily asset values hold steady

Multifamily asset values hold steady

Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
Ontario offers bonus incentives on retrofits

Ontario offers bonus incentives for retrofits

Bonus incentives for energy efficiency upgrades will be available to select commercial and multifamily landlords and condominium corporations in Ontario during the second and third quarters of 2023.
Sustainable finance products clear path to 2050

Sustainable finance products forge way to 2050

Sustainable finance products, are expected to increasingly come into play as building owners/managers pursue decarbonization and look to bolster the climate resiliency of their properties.
REITs unexpectedly tapped for new tax measure

REITs unexpectedly tapped for new tax measure

Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts have been included in a pending new tax measure.
Multifamily remains favoured investment asset

Multifamily remains favoured investment asset

Industry analysts cite Canada’s demographic trends and seemingly chronic housing supply-demand imbalance as fundamentals that should drive robust returns on new purpose-built rental projects.