Renovations or retrofits to an investment property that increase rents and/or decrease operating costs may also increase a property’s value. Cost and value, however, are not synonymous, and not all renovations are as profitable as one might expect.
Private property owners in Ontario, including condo corporations, could find themselves paying a premium to keep their walkways safe this winter.
What is being left behind as technology becomes more a part of day-to-day living in a community? Should some things be done the “old-fashioned” way?
In a changing world where “zero carbon” is the ultimate goal in building design, can retrofits alone make Canada’s aging apartment stock sustainable?
Good exterior lighting will beautify a property while also enhancing security. Here are some low-cost tips from rental property managers looking to 'light the way' to happier tenants:
The TSSA recently lifted the requirement to undertake certain upgrades to the controls of single-speed elevators, but it doesn’t mean building owners should abandon modernization.
For now, market demand and the goodwill of employers are still the prime determinants of superintendents' working conditions.
The fatal fire that ripped through a 24-storey apartment tower in London, England, on Wednesday, June 14th, has left the city traumatized. Deemed one of the deadliest of its kind in the recent history, the blaze in the 120-unit Grenfell Tower council housing block has resulted in 30 confirmed deaths and dozens of lives still unaccounted for.
Scents associated with cigarette smoke, cooking and the garbage chute are among the most common odours complaints received by building managers.
If it becomes law, the Reliable Elevators Act would require maintenance contractors to restore out-of-service elevators within 14 days in most buildings.
It has been another tumultuous month for Toronto Community Housing, Canada’s largest social housing provider. The city-run entity with a $9-billion portfolio is once again facing criticism for failing in the upkeep of its 58,000 units.
At least twice per year, property managers should conduct roof inspections and maintenance on their roofs.
Han Dong, the Liberal MPP for Trinity-Spadina, is proposing to set time limits for elevator repairs with a private member's bill.
A recent fire in a Toronto high-rise apartment building has put the spotlight back on fire safety after numerous residents had to be rescued by Toronto Fire Services. Though no injuries were reported, the incident is a reminder that Fire Safety Plans are critical—especially when building fire alarm systems are rendered inoperative due to repair and maintenance projects.
Toronto city council has approved a plan for a new apartment licensing program that will impose stricter rules for building owners, but could inadvertently lead to higher rents for tenants.
Many building owners today are familiar with electricity sub-metering and its proven energy and cost savings, but few understand the technology and the savings that can be incurred from water sub-metering.
Technology is one of those things that never stops moving, and sometimes it can be daunting to keep up with all the latest advancements out