Financial Management
Facility Cleaning & Maintenance
Data can drive cost control in cleaning
Tech and data can help organizations save money and maximize budgets.
CondoBusiness
Condos at high risk from reserve fund shortfalls
The growing crop of condo owners across Canada will likely encounter huge annual fee increases and lump-sum payments due to low reserve fund contributions, authors of a new research report are warning.
CondoBusiness
Inflationary pressure should ease as COVID wanes
Inflationary pressure is expected to subside over the coming months with the easing of COVID-related triggers, but residential rent could still be peaking.
Canadian Property Management
Business case assumptions evolve alongside ESG
Investors and lenders are expected to increasingly focus on the physical and transitional risks of climate change, in turn upending some conventional views of costs and value.
Canadian Property Management
Watchdog projects Ontario electricity subsidies
The Financial Accountability Office of Ontario pegs the cost of nine provincial programs at more than $118 billion over a 20-year period, with the largest share ascribed to the Ontario Electricity Rebate.
CondoBusiness
The hidden risks of switching insurers
There are many reasons why switching providers is in the best interests of the condo, but there may be hidden risks. Unbeknownst to many policyholders, changing insurers can create a gap in coverage that can expose the corporation to significant financial consequences.
Canadian Property Management
QuadReal completes third green bond offering
Proceeds will be invested to support sustainable initiatives on green buildings, renewable energy, resource and energy efficiency, pollution prevention, clean transportation and climate change adaptation.
Canadian Property Management
Lockdown relief temporarily more generous
Federal rent and wage subsidies will be open to an expanded range of applicants who are subject to pandemic-related constraints during the eight-week period from Dec. 19, 2021 to Feb. 12, 2022.
Canadian Property Management
Real estate lending set to ramp up in 2022
More than two-thirds of Canadian lenders participating in CBRE’s recent annual survey indicated plans to increase allocations to real estate, equating to an estimated 10 to 20 per cent boost in availability of capital.
CondoBusiness
Is your condo board prioritizing properly?
Many condo corporations struggle to prioritize. In fact, it's a challenge facing several organizations across industries, from a board level, right down to day-to-day task assignments. Condo boards and their management teams are no different.
CondoBusiness
CAT evolves in jurisdiction but not costs
Although we are seeing the types of cases a court normally hears being transferred to the CAT, we are not seeing the principles regarding costs the court has adopted being transferred and implemented as well.
Canadian Property Management
Overdue property reassessment raises alarm
Ontario’s overdue property reassessment is on hold until at least 2024, leaving many commercial ratepayers with a further wait to realize tax reductions from pandemic-related value erosion.
Construction Business
B.C. prolongs provincial sales tax rebate
B.C. has extended the PST rebate on electric vehicle charging stations, furniture, tools, office equipment and some other building/facilities management and operations essentials for another six months.
CondoBusiness
Property tax premiums loom in Nova Scotia
Nova Scotia’s new provincial government is signalling looming surcharges for residential property purchasers and owners who pay their income tax in other jurisdictions.
Canadian Property Management
Ontario to give license on commercial mortgages
Sophisticated borrowers and lenders will be able to negotiate commercial mortgages through unlicensed channels if proposed regulatory amendments are enacted in Ontario.
CondoBusiness
Reserve funds ignore climate target impacts
We should be asking our reserve fund planners to look at the Paris accord target dates and compare the end-of-life replacement of our gas-burning appliances against the target dates.
REMI Network
What are the cost savings of efficiency retrofits?
One of the greatest contributors to skyrocketing maintenance fees is inefficient or outdated infrastructure in aging buildings—a preventable expenditure when properly managed.