Regulations

Ontario's civic building inventory scrutinized for asset condition

Civic building inventory lags on capital repair

Ontario’s civic building inventory has fallen the farthest behind on capital repair among seven categories of municipal infrastructure assets scrutinized in a newly released report from the Financial Accountability Office of Ontario.
CERS uptake falls short of potential

CERS uptake falls short of potential

Removing landlords from the application process hasn’t necessarily made the Canada Emergency Rent Subsidy (CERS) more accessible for commercial tenants experiencing pandemic-related financial stress.
Downtown Toronto office workers consider returning to their offices

Toronto office workers inform recovery plans

Based on survey findings, downtown commercial landlords are beginning the pandemic recovery process with a tenant base that generally looks favourably on the area and their experiences within it.
disclosure

Heat is on for electricity demand projections

Electricity demand projections through the vaccination rollout period should take two contradictory factors into account, energy management specialists affirm.
Commercial customer's grapple with Ontario's electricity cost allocation

Parsing Ontario’s electricity cost allocation

After a year of operational upheaval and more modifications to electricity pricing policies, BOMA Toronto’s annual workshop to address the complexities of the global adjustment had a lot of ground to cover.
Securities regulators scrutinize ESG investing

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.
Light industrial set for a heavy property tax hit

Light industrial set for heavy property tax hit

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.
Fossil fuel fired cogeneration systems to lose eligibility for accelerated capital cost allowance

Cogeneration systems to lose tax enticement

The 2021 federal budget adds some clean energy equipment to immediately qualify for accelerated capital cost allowance, and names various combined heat and power applications to be delisted after 2023.
New flat rates for Ontario elevators licenses

New fee model for Ontario elevator licenses

The flat license rate will penalize mid-rise and high-rise owners with extra costs if an elevator passes the periodic inspection and does not require a follow-up. It will be a bargain if just one follow-up inspection is required.
Climate risk infuses real estate investment agendas

Climate risk infuses investment agendas

Canadian commercial real estate assets are comparatively less exposed to the dire physical threats that extreme weather poses or has already served up in other global regions.
Ontario endorses competitive mechanisms to trim the price-point of energy efficiency spending

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.
More electricity price adjustments for Ontario

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.
foreign buyers

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.
Fire code updates demand ongoing vigilance

Fire code updates demand steady upkeep

Although they increasingly rely on professional service providers to keep up with the complexities of compliance, owners/managers ultimately carry the responsibility for life safety and bear the brunt of enforcement.
COVID-19 related investment announced in fall economic statement

COVID-19 related investment unveiled

The commercial real estate, facilities management and construction/retrofit sectors appear poised to capture a share of the spending announced in the Canadian government’s fall economic statement.
2020 scorecard provides impetus for interprovincial energy efficiency rivalry

Scorecard stokes energy efficiency rivalry

Efficiency Canada’s second annual provincial scorecard takes a detailed look at commitment, outcomes and potential related to 42 energy efficiency indicators, and charts progress, or backsliding, against last year’s results.
CERS draft legislation outlines new commercial rent relief program

CERS draft legislation awaits adoption

CERS will deliver direct rent support to qualifying tenants without the need to work though their landlords. As a direct subsidy, unlike CECRA, no loan agreement is required.