Financial Management Archives - Page 7 of 15 - REMI Network
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Financial Management

inflation

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.
EV

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.
Special assessments foreseen as CPI rises

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.
Alberta to limit vacancy tax exposure

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.
Toronto rent bank strategy up for review

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.
condo budgeting

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.
Security deposit reimbursement set to go digital in Alberta

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.
special assessment

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?
cost control

Facility Cleaning & Maintenance

Data can drive cost control in cleaning

Tech and data can help organizations save money and maximize budgets.
CAO

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.
condo budgeting

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.
Business case assumptions evolve alongside ESG

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.
Watchdog projects Ontario electricity subsidies to 2040

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.
insurance

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.
QuadReal completes green bond offering

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.
lockdown relief temporarily more generous

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.
RECA

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.