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Posts Tagged ‘Capital Expenditures’

In recent months there has been a noticeable increase of renovation and retrofitting activities in apartment buildings in the GTA. Most of these renovations are related to upgrades to promote energy conservation. Renovations include fixes to faulty plumbing and heating systems, installing smart sub-meters, and replacement of ageing balcony doors and windows for more energy efficient ones. While general repairs and renovations are long overdue in older buildings there are other newer buildings  undergoing (more…)

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The Annual Rent Increase Guideline and the Above Guideline Increase for 2010 have been announced. Much to no one’s surprise both rent increase guidelines are greater than those of 2009. The Annual Rent Increase Guideline has been raised from 1.8% to 2.1% and applies to a rent increase that begins any time between January 1, 2010 and December 31, 2010. This annual increase is intended to cover the (more…)

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By I. Aagaard, Guest Contributor

A recent article (Smart sub-meters) on the EYTG web site made references to an issue that’s been popping up recently:  Smart Sub-Meters in apartment buildings.

 I agree fundamentally with the notion of this “Pay Per Use” way of holding each of us responsible for our consumption of non-renewable resources, such as electricity. (more…)

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The Ontario Energy Board (OEB) has issued a ‘Decision and Order’ that will allow landlords to install ‘smart sub-metering systems’ for individual rental units. Smart sub-meters’ are devices that can be installed in individual apartments to monitor a tenant’s use of energy thereby allowing individual billing.
(Refer to this link for more details:  http://www.toronto.ca/legdocs/mmis/2009/cc/bgrd/backgroundfile-23859.pdf

The main reason behind this ‘Decision and Order’ is that landlords/ property owners have been installing ‘smart meters’ in residential and commercial complexes in the absence of regulations. Ostensibly the purpose of these ‘smart meters’ is to monitor the (more…)

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