Financial Management
What’s your risk management story?
Owners of multi-residential properties will need to demonstrate best-in-class risk management and maintenance to secure even baseline coverage in 2022.
Overdue property reassessment raises alarm
Ontario’s overdue property reassessment is on hold until at least 2024, leaving many commercial ratepayers with a further wait to realize tax reductions from pandemic-related value erosion.
Thriving in a time of crisis
Calgary-based Avenue Living not only survived the onerous conditions of COVID-19, but emerged all the stronger for them. The reason? A sound investment strategy that favours Class B and C assets catering to what it calls “Canada’s stable and tenacious” workforce.
Property tax premiums loom in Nova Scotia
Nova Scotia’s new provincial government is signalling looming surcharges for residential property purchasers and owners who pay their income tax in other jurisdictions.
Collapsed high-rise spotlights structural safety
The recent collapse of a Florida residential building is an unimaginable tragedy that underscores the importance of structural safety and the consequences that could result from a failure.
GTA rental rates show signs of levelling out
The rapidly declining GTA rental rates observed in 2020 and early 2021 appear to be levelling out, according to new data from Bullpen Research & Consulting and Rentals.ca.
Securities regulators scrutinize ESG investing
Securities regulators wish to confirm that the representations registrants are making about the incorporation of ESG principles in their investment decision-making processes are consistent with their actual policies and procedures.
The rising cost of multi-residential construction
Multi-residential construction costs are rising in Canada due to the pandemic’s impact on everything from labour and material costs to shifting supply and demand dynamics.
Women bear brunt of 2020 real estate job loss
Women were jettisoned from 14,300 of the roughly 16,000 positions Ontario's real estate, rental and leasing sector shed last year.
Investing in Canada’s aging residential towers
Aging residential towers are in dire need of investment, something the pandemic has underscored given the scores of frontline workers who’ve been disproportionately affected.
Multifamily assets surpass 2020 index average
Newly released 2020 investment results find industrial and multifamily assets on the positive side of the national average total return for 2,356 directly held standing assets, which registered -4.1 per cent.
Ontario to stretch energy efficiency spending
A new slate of conservation and demand management (CDM) programs allocates $456 million for commercial, institutional and industrial consumers over the four-year period from 2021-24.
Investor confidence in multi-suite remains high
Investor confidence in the multi-suite residential and industrial property sectors remained robust throughout 2020, according to Morguard's new economic outlook report.
More electricity price adjustments for Ontario
For now, residential and small business customers enrolled for either time-of-use (TOU) rates or tiered pricing under the provincial regulated price plan will be charged the off-peak TOU rate of 8.5 cents per kilowatt-hour for all electricity consumption.
Vacant dwellings yield revenue gains for B.C.
Resident British Columbians own about 30 per cent of the properties subject to the speculation and vacancy tax, but account for just 6.6 per cent of collected revenue.
Evicting tenants during a pandemic
As COVID-19 cases continue to surge across the nation, the dispute over whether evicting tenants is ethical has reached fever pitch.
Downtown Toronto’s startling rise in vacancies
New data from Urbanation shows a sharp rise in vacancies in downtown Toronto's purpose-built apartments from 0.7 per cent in Q3-2019 to nearly 3 per cent today.