Risk Management

CRE loan books undergo U.S. Fed stress test

REMI Network

CRE loan books undergo U.S. Fed stress test

Through a recent stress testing exercise, the U.S. Federal Reserve determined that potential losses on commercial real estate loans pose the second highest risk for lenders after credit cards.
tornado

CondoBusiness

Tornado research uncovers risks for homeowners

Canada’s tornado risk is more widespread than once thought, according to a growing body of research that, for the first time, tracks the occurrence and aftermath facing property owners across the country.
Lax fire safety oversight charted in NS audit

Canadian Property Management

Lax fire safety oversight flagged in NS audit

Nova Scotia's Auditor General raises a long list of concerns about the Office of the Fire Marshal 12 years after a previous Auditor General presented similar findings.
fire safety

REMI Network

A condo resident’s role in the fire safety plan

For a high-rise fire safety plan to be effective in 2023, residents must be aware of their unique roles and responsibilities when it comes to preventing, preparing and responding to fire emergencies.
Low-cost flood insurance program in the works

Canadian Property Management

Low-cost flood insurance program in the works

The Canadian government is sponsoring the development of a low-cost flood insurance program to cover current gaps in coverage.
Dim future for fluorescents and metal halides

Canadian Property Management

Dim future for fluorescents and metal halides

Fluorescents and metal halides will be further marginalized in the lighting market with pending amendments to Canada’s regulations governing products containing mercury.
New oversight regime set for Ontario elevators

Canadian Property Management

New oversight regime set for Ontario elevators

A new oversight regime for Ontario’s elevators and escalators will come into force on March 1, bringing shorter timelines for rectifying an extensive list of designated high-risk deficiencies.
Human rights due diligence aligns with ESG

Canadian Property Management

Human rights due diligence aligns with ESG

New guidance urges commercial real estate operators to consider how contracting, purchasing and leasing can intersect with abuse, exploitation and discrimination.
cybersecurity

CondoBusiness

Strengthening your condo’s cybersecurity system

Here’s what you should know about cyberattacks, how to improve your cybersecurity network, and what to do if your corporation is hacked.
CRE loan books undergo U.S. Fed stress test

Canadian Property Management

Operational resilience a performance priority

New technical guidance for assessing and responding to building-level risk underscores that operations teams carry responsibility to safeguard occupants, facilitate business continuity and protect asset value.
Private homes preferred venue for cannabis consumption

CondoBusiness

Private homes preferred for cannabis use

More than 90 per cent of survey respondents confirm that they typically use non-medical cannabis in their own homes, while 46 per cent use it in other people’s homes.
fraud

CondoBusiness

Uptick in fraud a wake-up call for condos

In these economically trying times, as one would expect, fraud has been rearing its ugly head. Unfortunately, condominium corporations have increasingly become an easy target.
fire safety researchers examine energy storage

Canadian Facility Management & Design

Fire safety researchers examine energy storage

Facilities managers worldwide are invited to share some basic details about the specifications and configurations of their battery energy storage systems.
property

REMI Network

How to secure appropriate property coverage

Planning in 2022 is more worrying than usual. With hard-to-secure coverage and limited policies available, many property owners and condo boards are stressed over the possibility of frequent and significant claims without adequate coverage in place for when the next catastrophe hits.
Feds seek input on climate change adaptation strategy

Canadian Facility Management & Design

Feds seek input on climate change adaptation

A newly launched consultation process will help finalize a national climate change adaptation strategy, which is scheduled to be released this fall.
asbestos contractors

Facility Cleaning & Maintenance

Quebec updates rules for handling asbestos

Removal of drywall with asbestos compounds in the joint-filler has been reclassified from a low-risk to moderate-risk activity.
reserve fund

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.