Financial Management

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.
Details of CECRA program rollout still not fully available

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.
central banks

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.
FM avatar

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.
New ASHRAE guideline outlines prescriptive way to comply with legionella risk management process

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.
rent deferrals could transfer burden for GST/HST remittances to landlords

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.
HVAC

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.
condo fees

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.
energy audit

CondoBusiness

Finding more savings through energy audits

Energy experts can help condo corporations identify more complex savings opportunities through an energy audit.