The rebalancing of a historic property tax disparity comes in tandem with some other uncertainties for Ontario’s commercial ratepayers. As announced in the provincial budget, released late last week, the Ontario government plans to equalize the business education tax (BET) rate at 0.88 percent for 2021, equating to a $450-million tax cut province-wide. Meanwhile, the benefits of a promised optional tax subclass for small businesses are expected to be more select.
The effects of winter on windows and doors. The cold winter weather can bring all manner of property maintenance issues, but few can cause as many headaches (or large repair bills) as unchecked condensation. » READ MORE
This year, because of COVID-19, all breakout sessions were held virtually and featured a number of expert speakers, including First National’s own Jeremy Wedgbury, Senior Vice President, Commercial Mortgages.» READ MORE
Examining ergonomic impacts to sanitation staff
As more companies open their doors, allowing staff back to work, and with many students attending school in-person, it is important to recognize that our health and safety may compromise the wellbeing of sanitation staff. » READ MORE
IN CASE YOU MISSED IT: Toronto and Vancouver outdo most U.S. markets
Canada has a numerically slight presence with disproportionate weight in Lee & Associates’ newly released third-quarter commercial real estate results. The overview of 44 markets across the United States along with Toronto and Vancouver purports to be a North American report — encompassing about 2.1 billion square feet in office, industrial and retail assets and 600,000 multifamily units in the two Canadian cities, and 36.7 billion square feet of the same property types and 17.3 million multifamily units in the U.S. markets. » READ MORE