REMI

Financial Management

Climate action levers key amid competing crises

Climate action levers key amid competing crises

Strategists are pondering the most effective climate action levers to keep attention focused on reducing greenhouse gas emissions as other events and pressures commandeer priority-setting agendas.
Commercial ratepayers carry heftier tax share

Commercial ratepayers carry heftier tax share

Commercial ratepayers took on a larger share of the property tax burden in eight of 11 large Canadian cities this year, with 2023 commercial tax rates more than tripling residential tax rates in six of those cities.
Distressed asset sales remain a steady fraction

Distressed asset sales remain a steady fraction

Distressed asset sales were a nominal and relatively consistent fraction of the Canadian commercial investment property market in the first half of 2023.
Promises aplenty ahead of Manitoba election

Promises aplenty ahead of Manitoba election

Manitobans are hearing promises aplenty as political parties offer up tax cuts, rate freezes and incentive programs ahead of the provincial election, set for October 3.
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.
Human capital elusive for real estate employers

Human capital elusive for real estate employers

Employers are pressed to fill new kinds of positions and to bolster tech savviness throughout their organizations, while facing labour shortages and a highly competitive market for certain skills.
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.
Trophy office towers widening gap from the pack

Trophy office towers widening gap from the pack

Trophy office towers could be anchored atop the market for the long term as the past decade’s wave of new building subsides and little further development is anticipated.
Office building values still trending downward

Office building values still trending downward

Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
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.
Inadvertent blocks on commercial deals lifted

Inadvertent blocks on commercial deals lifted

Regulatory amendments to Canada’s Prohibition on the Purchase of Residential Property by Non-Canadians Act address inadvertent impacts on commercial transactions and property development.
Department store drain continues

Department store drain continues

Nordstrom Canada’s sudden swoosh into the department store drain will leave empty anchor space in some of the country’s top-performing and most prestigious regional malls.
CDM program hiccups logged in Ontario review

CDM program hiccups logged in Ontario review

The COVID-19 pandemic and supply chain disruptions are frequently cited, but not the only reasons for uneven uptake of Ontario’s energy retrofit and performance incentives over the past two years.