Forward | Unsubscribe | Sign Up | Archives October 14, 2016
1. Furor over MPAC multi-res cap rates predicted
Assessment notices for nearly 16,000 Ontario multi-residential properties will be mailed out next week, delivering valuations determined for the first time with the newly adopted direct capitalization methodology. Property owners have been promised an advance look and non-adversarial opportunities to adjust values before the assessment roll is finalized, but that has occurred on a fairly limited scale as the Municipal Property Assessment Corporation (MPAC) pushes to reassess about 5.4 million properties province-wide ahead of the next four-year assessment cycle, which begins with the 2017 tax year.
2. Demand for engineers and geoscientists in B.C.
For those looking to pursue careers in engineering and geoscience, opportunity awaits in British Columbia according to a recent Labour Market Study. Over the next 10 years, the Labour Market Study estimates that there will be more than 31,000 job openings for engineers, geoscientists, and technologists.
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3. CRTC decision addresses telecom access in condos
Let a fourth telecommunications service provider in, or risk losing all Internet access. That was the headline version of an Aug. 15 Canadian Radio-television and Telecommunications Commission (CRTC) decision concerning entry to a Liberty Village condominium corporation’s three buildings.
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4. CRE Industry Coalition bashes proposed parking levy
The Commercial Real Estate Industry Coalition, a consortium of all of the major Toronto real estate associations, issued a report outlining ten key disadvantages of a proposed parking levy on commercially-owned parking stalls in the City of Toronto.
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5. Langara opens new Science and Technology Building
Langara College in Vancouver has officially opened its new Science and Technology Building, adding more than 1,000 square metres of student space and 35 new laboratories and classrooms to enhance education.
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