Financial Management
CondoBusiness
Accommodation costs unnerve younger households
Financial uncertainty related to COVID-19 appears to be weighing more heavily on younger households than other homeowners and renters.
Canadian Property Management
Ontario to amend Commercial Tenancies Act
Following similar actions in B.C. and Alberta, the Ontario government will temporarily halt evictions of tenants eligible for Canada Emergency Commercial Rent Assistance (CECRA).
Canadian Property Management
Commercial landlords decry blame shifting
REALPAC characterizes the landlord-tenant dynamic as a chain of economic stress, with many commercial landlords likewise suffering a drop in revenue and financially beholden to their lenders.
REMI Network
B.C. invokes terms for CECRA-eligible landlords
The move is in step with one of three recommendations the Canadian Federation of Independent Business is promoting to support businesses dealing with COVID-19-triggered financial stress.
Canadian Property Management
CECRA applicants urged to prepare documentation
Potential participants can begin to prepare ahead of registration opening next week, following instructions that have been posted on Canada Mortgage and Housing Corporation’s website.
REMI Network
Think tank offers blueprint to guide housing market policies
A new report provides a blueprint for policymakers and regulators in the housing market to address threats to financial stability.
Canadian Property Management
Details of CECRA program rollout still emerging
The CECRA program is voluntary. Not all eligible landlords will necessarily take advantage of this program for various reasons.
Canadian Property Management
Steering the journey back to business as usual
As property managers look to both industry associations and professional service providers for support to navigate COVID-19 upheaval, REMI Network is bringing the three groups together for webinar-based sharing of insight.
Canadian Apartment Magazine
Quebec landlords to be queried on financial stress
Quebec's largest rental housing association has released a flurry of messages to frame issues around rent payment for the public, the Quebec government and landlords themselves.
Canadian Property Management
Complacency could cost Montreal property owners
Proposed changes to Quebec's Act Respecting Municipal Taxation will tighten the timeline for disputing the property values ascribed to smaller apartment and commercial buildings assessed at less than $3 million.
REMI Network
Central banks offer climate risk guidance
The Bank of Canada is one of the newest members of the Network for Greening the Financial System, which has released global recommendations on climate-related risk assessment, monitoring and data sharing.
Canadian Facility Management & Design
The evolution of the FM avatar
As their job responsibilities change, FMs need to continuously improve in order to help bring their organization value.
CondoBusiness
Mortgage financing stress test makes the grade
Among the continuing concerns, some lenders are still relying on the equity of the property, rather than the borrower's ability to repay the loan.
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.
Canadian Facility Management & Design
Scale build-up weighs on HVAC efficiency
Scale build-up can weigh on HVAC efficiency, making preventative maintenance important to controlling energy costs and preventing premature failure.
CondoBusiness
GTA condo fees average 65 cents per square foot
Maintenance fees across condos in the GTA averaged 65 cents per square foot in 2017, according to a recent report from Condos.ca.
CondoBusiness
Finding more savings through energy audits
Energy experts can help condo corporations identify more complex savings opportunities through an energy audit.
