Financial Management

property tax grant

Developers decry pullback on property tax grant

Rules for the program are set to change, making the timing less than ideal for development proponents still awaiting a decision based on the original criteria in place when they submitted their applications.
risks to commercial real estate

Balancing the risks to commercial real estate

Senior ranking valuation specialists agreed that new uncertainties around fraying trade agreements, political instability and climate volatility have broadened the scope of their worries well beyond rising interest rates.
Canada-U.S. trade war

Real estate vulnerable to Canada-U.S. trade war

High-rise development is expected to be the hardest hit real estate activity, but fallout across a wider range of consumer goods has potential negative implications for commercial warehouse and distribution facilities.
Investment property

Investment property imperils preferred tax rate

The new rules capture the demographic of investors who own small low-rise residential or mixed-use commercial-residential buildings as a sideline to their main business ventures.
new U.S. tax rules

New U.S. tax rules alter competitive landscape

Commercial real estate operations within Canada could experience fallout simply due to the interconnectedness of the two economies, while companies with holdings on both sides of the border may be pushed to reassess some of their financing strategies and structures.
minimum wage

Minimum wage hike to follow new condo fees

The minimum wage hike may sting more in condo communities than others as they face new costs associated with recent changes to Ontario’s condo laws.
commercial hubs

Four growing commercial hubs in Toronto

The GTA's rising population and provincial investments will fuel growth at commercial hubs near future transit-oriented developments.
divergent property tax regimes

Cities exhibit divergent property tax regimes

This annual look at the apportionment of the tax burden gives a more complete picture of the pressures on the commercial and multi-residential sectors than simply referencing property tax rates.
succession planning

The perils of ignoring succession planning

REITs and PERE managers face a unique challenge in developing succession planning strategies that identify the next generation of leaders.
condo auditors

What board directors should ask condo auditors

It’s important for board members to review the draft financial statements and know what questions to ask their condo auditor before giving their approval.
decisions about money

Condo corporation facing a special assessment?

Making tough financial decisions will never be easy, but making the right tough decisions gets easier if condo directors follow these five principles.
HST

HST misconception a sleeping giant

HST has been flying under the radar and could become a potentially significant liability for condo corporations.
facilities manager

Moving up from supervisor to facilities manager

So a facilities management supervisor wants to make the move to facilities manager. There are a few reality checks to consider first.
range anxiety

Retail leader buckles down on EV range anxiety

CF's national electric vehicle charging program will add 45 networked chargers at 15 shopping centres, helping to ease range anxiety and ramp up EV sales.
maintenance fees

How climate change could affect maintenance fees

Maintenance fees are based on historic norms, stable benchmarks and logical predictions. What happens when those predictions no longer fit the weather?
FMs

How FMs can get recognized for their work

Amid persisting misconceptions about the role of FMs, experts shared tips on showing the value of facilities management in a PM Expo seminar last fall.
condominium audit

Condo audits uncover four common issues

During condominium audits, certain issues related to financial or operational matters may need to be highlighted to management and the board.