REMI

Financial Management

Ontario keeps clinging to 2016 market values

Ontario keeps clinging to 2016 market values

The recent regulation to postpone Ontario's property reassessment for another year stretches the assessment cycle to double its originally intended time span.
Toronto strives to find more cash

Toronto strives to find more cash

Commercial properties are central to Toronto’s efforts to find more cash as the city government considers how to address massive budget shortfalls projected for 2024 and into the future.
Office conversion prospects judged challenging

Office conversion prospects judged challenging

Viable conversion candidates must begin with a basic structural prerequisite, but construction costs, location, surrounding amenities and assumptions about future office values all influence the business case.
heat pumps

Retrofitting with heat pumps  

Since 2019, retrofitting with heat pumps has been rising in popularity among Canadian REITs and large residential landlords looking to invest in cleantech.
St. Lawrence Market

Toronto’s legacy of inclusive city-building

As the city of Toronto accelerates efforts to address housing affordability, inclusivity and the barriers inhibiting rapid housing development were top of mind at the Urban Land Institute’s Spring Meeting.
Multifamily asset values hold steady

Multifamily asset values hold steady

Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
Ontario offers bonus incentives on retrofits

Ontario offers bonus incentives for retrofits

Bonus incentives for energy efficiency upgrades will be available to select commercial and multifamily landlords and condominium corporations in Ontario during the second and third quarters of 2023.
Sustainable finance products clear path to 2050

Sustainable finance products forge way to 2050

Sustainable finance products, are expected to increasingly come into play as building owners/managers pursue decarbonization and look to bolster the climate resiliency of their properties.
REITs unexpectedly tapped for new tax measure

REITs unexpectedly tapped for new tax measure

Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts have been included in a pending new tax measure.
Multifamily remains favoured investment asset

Multifamily remains favoured investment asset

Industry analysts cite Canada’s demographic trends and seemingly chronic housing supply-demand imbalance as fundamentals that should drive robust returns on new purpose-built rental projects.
Frequent Builder Framework

B.C. Budget 2023 takes action on housing issues

B.C. Budget 2023 promises to invest in new purpose-built rental housing with measures intended to stimulate construction and provide support for renters in need.
rental housing supply

The path to “Better and More” housing

REALPAC has launched a new campaign highlighting the essential role Canada's rental housing market plays in filling housing need.
For Affordable

Working together for affordable housing

On a mission to provide clarity and solutions to Canada's affordable housing crisis, five large residential REITs launched ForAffordable.ca.
tax incentives

Tax incentives key to driving housing innovation

As commercial finance conditions tighten, government tax incentives like SR&ED are becoming more important to the multifamily construction sector.
Push to curb inflation has CRE ramifications

Push to curb inflation has CRE ramifications

Transaction volume had been surpassing pre-pandemic levels until the steepest and most rapid rise in interest rates thus far this century undermined that momentum.
building conversions

From office to residential

Office-to-residential building conversions have been gaining momentum in some Canadian cities, but how viable are they as a long-term housing solution?
Housing supply-demand imbalance set to persist

Housing supply-demand imbalance set to persist

Recent CMHC analysis concludes that approximately 3.5 million additional dwelling units are needed to meet demand and pull prices back into closer alignment with purchasers’ and tenants’ incomes.