Financial Management

Special assessments foreseen as CPI rises

CondoBusiness

Special assessments foreseen as CPI rises

Coming out of an extended period of low inflation, many condo boards will confront reserve fund shortfalls as the consumer price index now pushes up toward 7 per cent.
HSBC

Canadian Facility Management & Design

Going fully hybrid at HSBC’s new Toronto office

On a Friday morning, in HSBC Bank’s new corporate office at 16 York in downtown Toronto, sit-stand desks and meeting rooms are dotted with workers who’ve returned from pandemic lockdowns.
Commercial leases attract political attention

Canadian Property Management

Commercial leases attract political attention

Both the NDP and Green parties float concepts for standardized lease agreements and rent control guidelines in their recently released platforms for the June 2 Ontario election..
Electricity price embedding underway for 2023-24

Canadian Property Management

Electricity price embedding cycle begins anew

Ontario’s large commercial customers will have somewhat more straightforward parameters for carving out their share of the global adjustment as they prepare for expected summer peak demand.
Passive House

Canadian Facility Management & Design

Inside a Passive House first in Surrey, B.C.

Designing the ​​Clayton Community Centre to become Passive House certified for ultra-low energy use was no easy feat, especially since the international standard had never been pursued for this type of facility in North America.
reserve fund

CondoBusiness

Condos at high risk from reserve fund shortfalls

The growing crop of condo owners across Canada will likely encounter huge annual fee increases and lump-sum payments due to low reserve fund contributions, authors of a new research report are warning.
Business case assumptions evolve alongside ESG

Canadian Property Management

Business case assumptions evolve alongside ESG

Investors and lenders are expected to increasingly focus on the physical and transitional risks of climate change, in turn upending some conventional views of costs and value.
risk management

Canadian Apartment Magazine

What’s your risk management story?

Owners of multi-residential properties will need to demonstrate best-in-class risk management and maintenance to secure even baseline coverage in 2022.
Deep Retrofit Challenge

Canadian Facility Management & Design

York Region piloting Passive House at new facility

A new men's emergency and transitional housing facility, set to rise in Aurora, Ontario, has opened the door to pilot-testing Passive House in York Region.
insurance

CondoBusiness

Snow and ice contractors brave insurance blizzard

Contractors working in the snow and ice management industry are facing a blizzard of challenges on the insurance side, or what many are calling a crisis.
surveillance

Canadian Facility Management & Design

Ethics of workplace surveillance draws scrutiny

Organizations across Canada have increasingly turned to surveillance technologies during the pandemic as a way to monitor their employees' work behaviour.
labour

Canadian Facility Management & Design

Ontario proposes pro-worker labour legislation

The real estate and property management industries may face particular hurdles with respect to implementing the proposed disconnecting from work policy.
hospital

Canadian Facility Management & Design

Smarter care at Vaughan’s first hospital

Through the doors of Cortellucci Vaughan Hospital, the first hospital to ever rise in Vaughan, Ontario, life’s health challenges are met with comfort, safety and lots of natural light.
Ontario's overdue property reassessment has been postponed for a third time

Canadian Property Management

Overdue property reassessment raises alarm

Ontario’s overdue property reassessment is on hold until at least 2024, leaving many commercial ratepayers with a further wait to realize tax reductions from pandemic-related value erosion.
Toronto strip plazas considered for tax discount

Canadian Property Management

COVID impacts linger for commercial ratepayers

Assessed values in Ottawa and Toronto will be at least seven years out of date and Winnipeg’s will be nearly five years behind before new assessment cycles begin in those cities.
Post-CERS property expense relief announced

Canadian Property Management

Post-CERS property expense relief announced

A new iteration of property expense relief will be more bountiful for many recipients than recent payouts of the Canada Emergency Rent Subsidiary, but fewer commercial tenants or owner-occupiers will qualify.
IDC VODA awards

REMI Network

BOMA Canada honours national award winners

The Building Owners and Managers Association of Canada (BOMA Canada) hosted its second virtual National Awards Gala on October 21, 2021.