Financial Management
Canadian Property Management
Lucrative tax credits pledged for heat pumps
Canada’s fall economic statement pledges $6.7 billion over five years to support uptake of a range of clean technologies, including solar heating, air-source and ground-source heat pumps and energy storage.
Canadian Property Management
Push to curb inflation has CRE ramifications
Transaction volume had been surpassing pre-pandemic levels until the steepest and most rapid rise in interest rates thus far this century undermined that momentum.
Canadian Property Management
Commercial ratepayers confront widening tax gap
Commercial property tax rates climbed and commercial-to-residential tax ratios widened this year in the majority of large Canadian cities Altus Group surveys for its annual benchmark report.
CondoBusiness
Governing condos in Alberta
Condos are ideally designed to operate with relative simplicity and in a well-managed complex there is a measure of security and community.
REMI Network
Hurricane Fiona costs $660 million
Hurricane Fiona is estimated to be the costliest extreme weather event ever recorded in Atlantic Canada.
CondoBusiness
Unconventional ways condos can reduce capital project costs
Ongoing challenges to capital replacement project costs are wreaking havoc on already stressed reserve funds and causing anxiety for boards and property managers throughout the province.
Canadian Property Management
Sask electricity rate set for 8% jump by April
SaskPower will introduce a 4 per cent electricity rate increase on September 1, 2022 and another on April 1, 2023.
REMI Network
More interest rate hikes to follow in 2022, economists predict
Economists forecast a 15 per cent to 20 per cent drop in housing prices by the end of the year, with most believing new housing supply won’t bring prices down more than higher rate increases.
REMI Network
Inflation and wage increases are twin problems for companies
Inflation, in combination with tight labour markets, is compounding the rising wages in the frontline service workforce.
REMI Network
Cost-cutting tips for installing EV chargers
With higher gas prices and the federal government expanding its electric vehicle rebate program in April, it may not be difficult to justify an investment in an upgraded 200-amp service and a home charging station.
CondoBusiness
Special assessments foreseen as CPI rises
Coming out of an extended period of low inflation, many condo boards will confront reserve fund shortfalls as the consumer price index now pushes up toward 7 per cent.
Canadian Property Management
Property tax discount conveyed via honour system
A report to Toronto Council confirms there is no legal or practical mechanism to compel unwilling landlords to pass the benefits of the small business property tax subclass through to tenants with gross leases.
Canadian Apartment Magazine
Toronto rent bank strategy up for review
City staff recommends a permanent transition from interest-free loans to a grants-based model, while continuing to collect some of the outstanding loans previously disbursed through the program.
CondoBusiness
Inflation impacts condo budgeting
The phenomenon of price increases and shortage of items is affecting every aspect of daily life, including common element fees, which are paid each and every month to both new and old condominium corporations.
Canadian Apartment Magazine
Security deposit reimbursement set to go digital
A proposed amendment to Alberta's Residential Tenancies Act would open options to return tenants' security deposits and related documentation through electronic channels.
REMI Network
Avoiding a special assessment nightmare
A condo in Toronto recently made the news after levying a $14-million special assessment. Owners were given 15 days to pay for repairs. How can other corporations avoid this predicament?
Facility Cleaning & Maintenance
Data can drive cost control in cleaning
Tech and data can help organizations save money and maximize budgets.
