Financial Management
Canadian Property Management
Taxing debate awaits Toronto commercial parking
Debate about a proposed surcharge on commercial parking spaces in Toronto has been deferred until City Council begins to consider 2025 budget measures.
Canadian Property Management
Sustainable finance quest spurs global alliance
Green building proponents in Australia, the United Kingdom and the United States are joining forces to produce and promote guidance on sustainable finance options for real estate.
Canadian Property Management
Clean energy projects serve mix of purposes
Clean energy projects present a burgeoning means for Indigenous peoples to assert stewardship of natural resources, nurture sustainable economic growth and curb reliance on fossil fuels.
Canadian Property Management
Exposure to U.S. office loans grows unsettling
Regional and mid-sized banks in the United States are considered most vulnerable to losses on commercial real estate loans, particularly those tied to that country’s shaky office sector.
CondoBusiness
Construction cost escalators still in play
Construction costs are generally highest in Vancouver across all multifamily categories, including low-, mid- and high-rise concrete buildings and low-rise wood-frame apartments up to six storeys.
CondoBusiness
Mortgage tips for new and existing condo owners
While the monthly fees and mortgage process can differ slightly from traditional property ownership, condos are an opportunity to grow with your community and have a say in maintaining the structure, amenities and more.
Canadian Apartment Magazine
AB security deposits resume earning interest
Under the triggering formula in Alberta regulations, residential rental security deposits will resume earning interest in 2024 for the first time in 16 years.
CondoBusiness
What’s next for condominium insurance?
Timely maintenance and improvements will play an important role in securing favourable coverage terms and avoiding delays in the renewal process.
Canadian Apartment Magazine
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.
CondoBusiness
Unintended consequences in capital repair planning
Capital repair planning in the condominium market is a crucial aspect of maintaining and improving aging buildings. However, it is essential to recognize that decisions made in this process can have unintended consequences.
Canadian Property Management
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.
CondoBusiness
The impact of minimum wage increases
This minimum wage increase is larger than most in recent history, second only to that imposed on January 1, 2018.
Canadian Apartment Magazine
NB funds advance preparations for new housing
The New Brunswick government is promising up to $22.5 million annually to underwrite pre-construction studies and core infrastructure needed to support new housing development in small communities.
Canadian Property Management
Big six banks feeling little office fallout
The credit rating service, DBRS Morningstar, is reiterating a general negative outlook for office properties, while highlighting lending and underwriting trends that have limited exposure for Canada's big six banks.
Canadian Property Management
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.
Canadian Apartment Magazine
Board renewal brings six openings at CMHC
Board renewal at Canada Mortgage and Housing Corporation (CMHC) is opening up positions for a new chairperson and five directors.
Canadian Property Management
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.
