Brooks Barnett

Former Ontario Premier Bill Davis was a honorary member of BOMA Toronto

Canadian Property Management

Bill Davis held rare BOMA membership status

Former Ontario Premier Bill Davis was an honorary member of the Building Owners and Managers Association (BOMA) of Greater Toronto.
CERS uptake falls short of potential

Canadian Property Management

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.
commercial evictions

Canadian Property Management

Ontario wires commercial evictions on/off switch

A proposed amendment to the Commercial Tenancies Act, included in Ontario's budget bill, would allow the Minister to impose future COVID-19-related prohibitions on commercial evictions via regulation.
condo security 

Canadian Property Management

Historic property tax disparity dismantled

As announced in the provincial budget, the Ontario government plans to equalize the business education tax (BET) rate at 0.88 per cent for 2021, equating to a $450-million tax cut province-wide.
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.
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.
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.