Financial Management
Lenders exhibit decarbonization disconnect
Canadian lenders may be reassessing the urgency of decarbonization, but they still express enthusiasm for the sustainable assets and impact investments that appear to be losing cachet in the United States.
Loan conditions onerous for condo projects
Loan conditions are expected to be onerous for residential condominium developments again in 2025, following a year when many lenders pulled back on construction financing.
Energy conservation in multi-unit buildings
As evidence grows about the impacts of fuel-burning on climate change, more multi-unit property owners are turning to innovative energy conservation measures like fuel switching.
Gentle density roughs out space for infill
Governments across Canada have introduced various measures to encourage accessory dwelling units and more infill housing supply on existing residential properties.
Vacant residential land stirs surtax rumblings
The Canadian government is exploring options for a surtax on vacant residential land through a newly launched public consultation, which is open for submissions until December 31, 2024.
Short-term rental registry stuck in manual
Toronto relies heavily on manual review processes for oversight of approximately 8,400 registrants currently approved to offer short-term rental accommodations in their principal residences.
The fast track to funding
CMCH's new Frequent Builder framework aims to accelerate housing construction by expediting the application process for established housing providers.
Promise of safe haven woos foreign investors
Foreign investors contemplating Canada’s multifamily market may see more theoretical than actual opportunity, given the current scarcity of available product.
Capital gains tax adjustment unnerves CRE
The jump in the capital gains inclusion rate is expected to have an immediate impact on property sales, while being factored into longer term asset management and investment decisions.
Making a case for micro-unit apartments
As housing affordability and climate concerns continue to reach crisis levels, micro units are emerging as a promising, low-cost solution thanks to innovative design concepts improving interior efficiencies.
Potential property tax relief looks uneven
A potential incentive for new purpose-built rental housing in Ontario comes with adverse implications for existing multifamily properties, thanks to the mathematics of property tax allocation.
Ontario’s shifting real estate landscape
As we head into Q2-2024, a significant shift in Ontario’s real estate landscape has occurred, putting the rental market front and centre amid declining home sales.
Investment returns show slipping values in 2023
Canadian investment returns for 2023 show retail improvement, industrial deceleration and continuing office value decline, as capital loss balances out income growth for a flat total return.
Clamping down on renovictions
Hamilton will soon be the first city in Ontario to introduce a renoviction bylaw forcing landlords to obtain a licence prior to issuing an N-13
Uncertainty leads to rising costs
The biggest challenge for many real estate owners in 2024 will be finding affordable insurance coverage to protect their buildings.
Interest rates subdue multifamily developers
Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.
The road to more rental housing
Canada's fall economic update includes steps to crack down on short-term rentals and billions in financing toward rental housing construction.