Barbara Carss

Ontario capital markets set for modernization effort

Canadian Property Management

Ontario capital markets set for rule revamp

Proposals address a range of issues that are likely to be of interest to listed real estate entities and their investors, as well as start-up ventures and other publicly traded service providers to the industry.
September CECRA coverage

Canadian Property Management

Stop-gap September CECRA coverage offered

Canada Emergency Commercial Rent Assistance will be offered for a sixth month. The announcement comes eight days after the portal for new applications for the relief program appeared to be closed.
CECRA now closed to new applications for commercial rent relief

Canadian Property Management

CECRA now closed to new applicants

With the August 31 deadline for first-time applications for Canada Emergency Commercial Rent Assistance (CECRA) now passed, the three-month program that evolved into five months of relief is closed to new recipients.
Many hydro accounts for common areas in large multi-residential buildings will no longer qualify for the Ontario Electricity Rebate as of November 2020

CondoBusiness

Ontario Electricity Rebate applied unevenly

Many hydro accounts specifically tied to the common areas of multi-residential buildings will no longer qualify for the 31.8 per cent rebate beginning in November 2020.
energy management paybacks

Canadian Property Management

Ontario stalls energy management paybacks

A temporary adjustment to Ontario’s electricity pricing scheme eliminates cost-saving opportunities that many operators of large commercial buildings were anticipating this summer.
Public disclosure of energy use and GHG intensity holds little appeal for building owners concerned about uninformed scrutiny

Canadian Property Management

Public disclosure could foil energy reporting

The City of Winnipeg has invited commercial building owners and institutional facility managers to affix their Energy Star Portfolio Manager results on a publicly accessible map.
Public transit wariness

Canadian Facility Management & Design

Public transit wariness makes the core edgy

Commuters’ willingness to jump on the bus, light-rail car or subway is expected to be a driving factor in repopulating office space in some major North American markets, including Toronto, Montreal and Vancouver.
Proposal for mandatory airtightness testing withdrawn from pending 2020 version of National Energy Code

Canadian Property Management

Canada wavers on airtightness testing

The timing might have been opportune for uptake of the measure — provided it was adopted into provincial and territorial building codes — because it would have applied broadly in what is currently Canada’s most buoyant commercial real estate sector.
COVID-19 repercussions driving up global adjustment costs for commercial electricity customers

Canadian Property Management

COVID-19 incubates global adjustment 2021-22

For Class A consumers, cost-saving potential will be diminished even if they successfully curtail demand during the five peak hours since those peaks are expected to be lower than usual.
Solid pre-pandemic fundamentals underpin Canadian real estate market

Canadian Property Management

Solid pre-pandemic fundamentals buttress market

Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.
Data centres gain traffic during COVID-19 related business shutdowns

Canadian Property Management

Data centres gain traffic missing from highways

At least 84 Canadian commercial buildings have been abuzz during protracted COVID-19-related business shutdowns. They house the data centres that have literally underpinned the continued functioning of the economy.
Ontario to offset electricity costs with fixed rate for global adjustment in April, May and June

Canadian Property Management

Ontario to temporarily offset electricity costs

Commercial and industrial electricity customers will pay the differential above 11.5 cents per kilowatt-hour in added monthly increments beginning in January 2021.
living walls

Canadian Property Management

Survival prospects upbeat for living walls

Like humans, living walls might be overdue for a trim, but few are imperilled in the now largely empty surroundings of commercial and institutional buildings.
COVID-19's black swan prompts rollout of business continuity and recovery plans

Canadian Property Management

Black swan triggers business continuity plans

Commercial real estate operators are seeking advice across a wide spectrum of expertise as they deploy their crisis management, business continuity and recovery plans.
Ontario electricity prices hold steady despite dropping demand

Canadian Property Management

Ontario electricity prices flout sliding demand

Despite a steep drop in province-wide energy consumption due to COVID-19 triggered business shutdowns, many building owners/managers expect a more modest flow-through dip in operating costs.
Postponed reassessment delays Ontario's next property tax cycle

Canadian Property Management

Ontario to delay next property tax cycle

The move was announced in response to the COVID-19 outbreak, but additionally opens a window to adjust the mechanics of the assessment process itself.
energy demand load shifts to residential sector

Canadian Property Management

Energy demand load shifts to residential base

The energy demand load has shifted in sync with much of Ontario’s workforce from commercial to home offices, prompting calls for suspension of time-of-use pricing during the current COVID-19 related upheaval