Financial Management
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.
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.


















