Financial Management

rent sticker shock

Canadian Apartment Magazine

Rent sticker shock awaits Canadians in the U.S.

Asking rents in the five largest American cities of New York, Los Angeles, Chicago, Houston and Phoenix appear moderately to dramatically steeper than Canadian tenants typically pay.
new home warranty

CondoBusiness

Manitoba sticks to optional new home warranty

After first postponing the date the legacy legislation from its predecessor would come into force, the provincial government now plans to repeal the New Home Warranty Act.
hydro system costs

Canadian Property Management

B.C. affirms uneven split of hydro system costs

It's estimated that equitable apportionment could push residential rates 2.2 per cent higher than the proposed 1.8 per cent increase for fiscal year 2020, while commercial rates would drop and industrial rates remain the same.
Industrial properties

Canadian Facility Management & Design

Ontario cues agenda for industrial properties

The action is included in a list of initiatives associated with Bill 66, the proposed Restoring Ontario's Competitiveness Act, even though none of the bill's dozens of legislative amendments pertain to the Assessment Act.
matting

Facility Cleaning & Maintenance

The dos and don’ts of winter floor care

Floor care is an important part of maintaining a facility's image and safety. It's a big task year-round, but it can be a challenge particularly in the winter.
2018 investment returns

Canadian Property Management

Some drag in buoyant 2018 investment returns

A surging industrial sector helped to counterbalance slipping retail values and push up 2018 investment returns on Canadian commercial real estate.
housing market

Canadian Apartment Magazine

Renovating your apartment: Is it worth it?

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.
ENGIE Services

Canadian Apartment Magazine

Plugging in to the benefits of energy storage

A sharp rise in energy costs and strict sustainability mandates have been spurring business owners to explore alternative solutions for decades. Could on-site energy storage be the next green ticket?
Commercial ratepayers

Canadian Property Management

Few favours for commercial ratepayers in 2018

Tax ratios for 11 of Canada's largest cities demonstrate that commercial ratepayers consistently carry a disproportionate share of the municipal property tax burden.
Smoothing of tax inequities

Canadian Property Management

REALPAC calls for smoothing of tax inequities

An illogical quirk in the apportionment of business education tax continues to undermine competitiveness for some of Ontario's major cities, advocates for the commercial real estate sector maintain.
property tax grant

Canadian Property Management

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

Canadian Property Management

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

Canadian Property Management

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

Canadian Apartment Magazine

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.
residential development land

CondoBusiness

B.C. residential development land takes tax hit

The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
Winnipeg

Canadian Apartment Magazine

Apartment market trends and transactions

According to a recent market report from Avison Young, Canada's commercial real estate sector continues to possess varying, but largely healthy, property market fundamentals across the country's regions and asset classes.
new U.S. tax rules

Canadian Property Management

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.