Despite a steep drop in province-wide energy consumption due to COVID-19 triggered business shutdowns, many building owners/managers expect a more modest flow-through dip in operating costs. The global adjustment is central to that forecast, both due its quirky apportionment and its track record as the repository for added, often unspecified costs the Ontario government needs to cover.
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Flood response to rely more on independent action
COVID-19 health protocol is sure to complicate flood response and cleanup in commercial and multi-residential buildings in the coming months, particularly if evacuation is required. »READ MORE
IN CASE YOU MISSED IT: Ontario to delay next property tax cycle
Ontario property owners will have one less shifting tableau to contemplate with the postponement of this year’s planned reassessment, which also delays a new four-year property tax cycle that had been slated to begin in 2021. The move was announced in last week’s provincial economic and fiscal update among several measures in response to the COVID-19 outbreak, but additionally opens a window to adjust the mechanics of the assessment process itself.»READ MORE