Financial Management

Throne Speech pledges to build back better from COVID-19

Canadian Property Management

Throne Speech pledges to build back better

Infrastructure investment and climate risk mitigation are key to the Canadian government’s goal to create one million jobs and rebound from the economic slump of COVID-19.
Budgeting

CondoBusiness

Budgeting the unknown amid a pandemic

Condo corporations are facing new budgeting challenges in 2020. Planning for unexpected and increasing expenses is difficult to anticipate.
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.
condo tax

CondoBusiness

A condo tax refresher

Although condo corporations in Canada are non-profit, there are still tax implications and annual filings that are often overlooked.
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.
CECRA allocations

Canadian Property Management

Feds suggest CECRA sets Canada apart from peers

About $221 million in Canada Emergency Commercial Rent Assistance had been disbursed as of July 3, Finance Minister Bill Morneau reported in the 2020 Economic and Fiscal Snapshot he released today.
Younger households express more concern about ability to pay accommodation costs than do other homeowners or renters

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.
Ontario to amend Commercial Tenancies Act to temporarily halt evictions of tenants qualifying for CECRA

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).
Commercial landlords decry the blame shifting of eviction prohibitions

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.
B.C. prohibits CECRA-eligible landlords from evicting tenants

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.
CECRA applicants can follow CMHC instructions to prepare documentation ahead of registration

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.
housing market

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.
Canadians now fill half of BOMA International executive officer positions

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.
REMI Network webinar explores journey back to business as usual

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.
Quebec;s largest rental housing association to survey members about financial stress related to COVID-19

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.
Montreal property owners

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.