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Finance

Using Business Intelligence to Understand your Residents

Posted in Communications, Finance, Housing, Maintenance, Marketing

Using Business Intelligence to Understand your Residents

Story by:  Tim Blackwell With a little more than two years of the big data revolution under our belts, some small discoveries in resident information are leading to some colossal changes. The possibilities of monetizing valuable resident data are unlimited, says some industry marketers and number crunchers. Panelists as November’s National Multifamily Housing Council (NMHC) OpTech conference in Orlando shared thoughts on how data collection professionals provide valuable business intelligence....

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Canada’s Purpose-Built Rental Vacancy Rate Increases

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Canada’s Purpose-Built Rental Vacancy Rate Increases

In the privately initiated purpose-built rental market, the average rental apartment vacancy rate in Canada’s 35 larger centres1 increased slightly, to 2.8 per cent in October 2014, from 2.7 per cent in October 2013, according to the fall Rental Market Survey2 released today by Canada Mortgage and Housing Corporation (CMHC). “Between October 2013 and October 2014, the supply of purpose built rental housing units rose by 2.7 per cent. Overall, this increase in supply outpaced the rise in...

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Why a weaker economy could be good for REITs

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing, Industry Trends

Why a weaker economy could be good for REITs

Story by: Jonathan Ratner  |  @jonratner Despite rising inflation and the negative economic impact stemming from lower oil prices, Canadian REIT executives are pretty optimistic about 2015. The reason: low interest rates. Canaccord Genuity analysts Mark Rothschild and Jenny Ma attended the Toronto Real Estate Forum last week and found the tone rather bullish, partly because the current low rates are expected to remain that way, at least in the near term. Cap rates have remained stable near the...

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Bank of Canada: Housing market is overvalued, but soft landing remains likely

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing

Bank of Canada: Housing market is overvalued, but soft landing remains likely

Story by: Sean MacKay | BuzzBuzzHome At the tail end of a year marked by strong house price growth, the Bank of Canada has warned that the country’s housing market could be overvalued by up to 30 per cent. Although imbalances in Canada’s housing market were identified as a “key vulnerability” to Canada’s financial system in the twice-annual Financial System Review released on Wednesday, the bank said that a soft landing is still “the most likely way forward.” In its report, the Bank of Canada...

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Winnipeg: Applications open for new downtown residential housing tax credits

Posted in Bylaws / Regulations, CMHC, Communications, Condo Conversions, Development, Finance, Government Rebates West, Housing, Restoration

Winnipeg: Applications open for new downtown residential housing tax credits

Developers interested in creating new downtown residential-housing units can apply today for a new round of city-provincial tax credits. In June, city council approved a new downtown-housing incentive program to piggy-back on a fully subscribed, $40-million ‎city-provincial grant program that helped build approximately 1,300 units, most of them condominiums. The new program won’t offer grants up front, but will allow developers of pre-approved projects to receive a rebate of any...

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4 Facts About Pond Fishing to Replace Top-Performing Employees

Posted in Communications, Employment, Finance, Housing

4 Facts About Pond Fishing to Replace Top-Performing Employees

Losing top performing property management employees, who have long standing and “legacy expertise” within a company, can be difficult. Especially when top performers jump ship for your competitor. After the shock, anger, hard feelings, and the temptation to lure them back wears off, you are still left with an often ginormous vacancy. Some immediately start casting the opportunity externally while others look to their own employee base. It’s a common internal debate in the property management...

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Mayor-elect John Tory unveils his new team

Posted in Appointments, Communications, Events, Finance, Health & Safety, Housing, Legislation, Media Releases, Newsworthy

Mayor-elect John Tory unveils his new team

By: Jennifer Pagliaro City Hall reporter Mayor-elect John Tory is putting a mix of veteran and second-term councillors in top positions in his new administration, but has largely shut out left-leaning voices. Tory — who ran on a promise of uniting the city — will appoint four deputy mayors from four corners of the city and from across the political spectrum. Denzil Minnan-Wong, a fiscally and socially conservative councillor, will serve as the actual deputy mayor, whose role is to act in place...

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Spend Management: Save Money by Standardizing your Property

Posted in Communications, Finance, Housing, Maintenance, Payments Processing, Suite Renovations

Spend Management: Save Money by Standardizing your Property

Story by: Tim Blackwell The scenario is all too common in the multifamily housing industry. An apartment portfolio will unnecessarily spend itself out of a good thing. The fruits of years of planning and executing the next move in a major market or acquiring a new set of properties are slower to come simply because a spend management program through vendor consolidation and product standardization is not in place. Spend management is the infrastructure to support management’s philosophy of who...

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Killam Properties buys more Kanata Lakes real estate

Posted in Finance, Housing

Killam Properties buys more Kanata Lakes real estate

Just over two months after entering an agreement with two other companies to buy into the Kanata Lakes Apartments, Halifax-based Killam Properties announced Tuesday the group is acquiring more of the west-end property. Killam issued 3.8 million shares, raising more than $40 million and using the proceeds to purchase the Kanata property as well as holdings in Mississauga, London and Calgary. Killam will team with an affiliate of KingSett Capital Inc. of Toronto and Alberta’s AIMCo Realty...

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6 Reasons Why Properties Should Consider an E-Payment System

Posted in Employment, Finance, Industry Trends, Legal, Payments Processing, Technology

6 Reasons Why Properties Should Consider an E-Payment System

There have been incidents of paying residents, being wrongly targeted for eviction, as a result of swiped rent checks. Also, an instance of a site employees, charged with manipulating the books to divert tens of thousands of dollars in money orders into a personal bank account. A property management company painfully realizing that over the last decade, a member of the staff stole enough money to buy a new Porsche. Rent payment checks stolen from drop boxes and employee fraud are small crimes...

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