Spiking property tax tolls on light industrial facilities are considered a near certainty for ratepayers in Calgary and many municipalities of British Columbia’s lower mainland, while Ontario’s postponed reassessment will insulate property owners in the Greater Toronto Area from a similar shock in the short term. Nevertheless, property tax specialists foresee a dramatic tax shift with the first post-pandemic evaluations. Across Canada, value gains in the flourishing warehouse/distribution and logistics sector have occurred in tandem with slipping office and retail values.
Building durability is affected by many factors, exposure to the elements being the primary culprit. Moisture and decay caused by rain, heat, wind, snow and extreme temperature fluctuations make location and the surrounding weather conditions key considerations for determining the right products and materials to use during construction or renovation. » READ MORE
Preparing offices for the post-pandemic future
It’s only a matter of time before many work-from-home employees fully return to the office. Yet before employers can welcome them back safely, workplace well-being and hygiene must be addressed. » READ MORE
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New Zibi community raises bar on sustainability
Progress has been underway on the 34-acre development since 2013, bringing to life an ambitious masterplan of standalone buildings, public squares and retail plazas that will soon serve more than 5,000 residents and countless visitors to the national capital region. » READ MORE
IN CASE YOU MISSED IT: Cogeneration systems to lose tax enticement
Fossil-fuel-fired cogeneration systems are losing their status as clean energy equipment for the purpose of Canada’s accelerated capital cost allowance (CCA) tax incentive. While the newly released 2021 federal budget commits $142 million over five years to immediately expand the list of capital investments that qualify for the special tax measures, it also names various combined heat and power (CHP) applications that will be delisted after 2023. » READ MORE