Financial Management
Canadian Property Management
Feds launch Indigenous loan guarantee program
The newly launched federal Indigenous loan guarantee program is meant to counter historical obstacles that prevent reserve lands from being used as collateral to obtain private capital.
Canadian Apartment Magazine
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.
Canadian Property Management
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.
REMI Network
CDPQ to back decarbonization fund for U.S. CRE
Caisse de dépôt et placement du Québec and Nuveen Green Capital have launched a USD $600-million fund to finance decarbonization and resiliency projects in U.S.-based commercial real estate.
Canadian Property Management
Elections loom in three Canadian provinces
Housing, tax and energy costs are prominent on the agenda as British Columbia, New Brunswick and Saskatchewan all prepare for provincial elections in October.
Canadian Property Management
Carbon rebate set for December 2024 payout
A promised carbon rebate will be delivered to small and mid-sized Canadian businesses before year-end, provided they filed their 2023 tax return by July 15, 2024.
CondoBusiness
CAO releases report on state of reserve funds
The Condominium Authority of Ontario has released preliminary findings on the state of reserve funds and owners’ awareness of their importance.
Canadian Apartment Magazine
Banking rules probe includes cheque clearance
The Canadian government is seeking public input on the current regulated timelines for banks to clear deposited cheques and release funds to payees.
Canadian Property Management
Interest rate cut emits positive signal for CRE
Practical impacts on the cost of debt aren’t expected to flow through to the market for a few more months, but economists suggest the apparent momentum of falling rates should provide a psychological lift for investors.
CondoBusiness
Chronic property tax arrears at Toronto condo
Chronic property tax arrears at a downtown Toronto condominium complex now amount to more than $10.2 million on 15 units held by five different owners.
Canadian Property Management
Commercial loans exempt from pending controls
New regulations clarify that most commercial loans are exempt from the Canadian government's more stringent definition of criminal interest, which will come into force in 2025.
CondoBusiness
Mortgage practices up for review in Ontario
Consumer protection, professional conduct and administrative processes are focus areas of Ontario's in-progress review of the Mortgage Brokerages, Lenders and Administrators Act.
CondoBusiness
How can developers protect against defaulting buyers? Mitigation strategies in today’s market
Developers of residential homes have faced significantly increased numbers of purchasers not closing their deals due to the inability to obtain financing.
Canadian Property Management
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.
Canadian Facility Management & Design
Alberta to tighten grip on public sector FMs
The Alberta government is moving to tighten its grip on public entities that are defined as “creatures of the province,” yet have conventionally had leeway to seek and accept direct federal investment.
Canadian Property Management
Resilience still lacks climate action profile
Climate change adaptation measures are typically viewed as risk management rather than levers for investment returns, but they are inherently linked to building and portfolio value.
Canadian Property Management
Defaulted real estate loans on the upswing
Many creditors and debtors are now grappling with the fallout from a largely unexpected change in market conditions over the course of their loan agreements.
