Financial Management

prompt payment bill 37

Ontario tables 2021 rent freeze legislation

With Ontario's Bill 204 now tabled, paralegal Paul Cappa sheds light on what the unprecedented rent freeze means for the province's smaller landlords.
Ontario capital markets set for modernization effort

Ontario capital markets set for rule revamp

Proposals address a range of issues that are likely to be of interest to listed real estate entities and their investors, as well as start-up ventures and other publicly traded service providers to the industry.
residential rents

Ontario announces plan to freeze rents

Rental housing sector responds to Ontario's announcement that it intends to freeze rents in 2021, a move that has blindsided the industry.
multifamily assets

Preference for multifamily assets signalled

Under COVID-19-induced pressure, investors, lenders and public markets are signalling a preference for multifamily assets. The asset class was the top attractor of investment dollars in Canada’s commercial real estate market during the first half of 2020.
average rent

Rental demand in Canada’s major urban centres

Measures to limit the spread of COVID-19 and protect Canadians’ health are contributing to a significant interruption in rental demand.
converting hotel

Converting hotels into multifamily apartments

Given the uncertainty of the travel and tourism sector, could converting hotels into affordable apartments serve as an effective solution to the housing crisis?
Many hydro accounts for common areas in large multi-residential buildings will no longer qualify for the Ontario Electricity Rebate as of November 2020

Ontario Electricity Rebate applied unevenly

Many hydro accounts specifically tied to the common areas of multi-residential buildings will no longer qualify for the 31.8 per cent rebate beginning in November 2020.
rent growth

On the road to recovery

New data from Altus Group, Morguard, and Rentals.ca show a slump in sales and declining rental rates as we ease our way down the road to recovery.
Solid pre-pandemic fundamentals underpin Canadian real estate market

Solid pre-pandemic fundamentals buttress market

Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.
challenges May 2020

More challenges in store for rental-housing sector

Challenges due to COVID-19 continue to rock the apartment sector, with landlords fearing a rise in rent arrears as May 1 approaches.
COVID-19's black swan prompts rollout of business continuity and recovery plans

Black swan triggers business continuity plans

Commercial real estate operators are seeking advice across a wide spectrum of expertise as they deploy their crisis management, business continuity and recovery plans.
CMHC mortgage deferral plan

CMHC’s mortgage payment deferral plan

To help apartment owners understand CMHC's COVID-19 mortgage payment deferral plan, Collier's Riley Young, Associate Vice President, Capital Markets, walks us through the process.
Postponed reassessment delays Ontario's next property tax cycle

Ontario to delay next property tax cycle

The move was announced in response to the COVID-19 outbreak, but additionally opens a window to adjust the mechanics of the assessment process itself.
BC rent bank

Help for landlords facing revenue loss

Apartment owners aren’t just fearing heightened exposure to COVID-19, but the potential onslaught of rent defaults by tenants unable to pay.
economic recession

Rental market outlook: March 2020

A look at what's influencing Canada's rental market in March 2020 and how the COVID-19 pandemic will impact property managers in the near and long term.
Hotel sales value value and room prices up in Q1

Property funds possess stabilizing mechanisms

REALPAC’s recent survey of 15 Canadian open-end real estate funds offers insight into when and why fund administrators would suspend the ability for investors to redeem their holdings.
GTA rental market Aug 2019

Elevated immigration fuels GTA rental market

A strong GTA rental market fuelled by favourable demographics lifted transaction velocity 8 per cent over the four quar­ters ending at mid-year 2019, according to a new report from Marcus & Milichap.