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Whether it’s breaking industry news, or in-depth analysis of important market data, our readers rely on us to deliver timely coverage they can count on for accuracy and quality.
Erin Ruddy, Editor - Canadian Apartment Magazine
Although heating systems are probably the last thing on a property manager’s mind during the warmer temperatures of summer and fall, there are some very important preventative maintenance measures that must be completed to ensure system efficiency and longevity.
The technology-driven world of today drives what residents expect from a multi-housing facility. Today’s tenants want their living spaces to fall in line with the technological standards of the day, with services such as Wi-Fi access in common areas, online rent payment, strong reception for mobile devices and the use of social media to communicate with apartment management.
The average cap rate in the GTA for the third quarter of 2015 (Q3’15) hit its lowest level in the last 30 years. The cap rate in Q3’15 stood at 3.75 per cent, down from 4.2 per cent in Q2’15 and down almost 50 per cent from the 6.3 per cent posted in Q3’10.
Typically, a multi-residential building has a bulk or master meter and the landlord is responsible for the entire utility bill. Suite metering, sometimes called sub-metering, allows property owners that supply utilities to account for tenants’ energy usage.