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COVID-19 Implications on New Builds

The COVID-19 pandemic has permanently changed the way we view our daily interactions with each other and our environments. Buildings are currently designed with certain risks in mind, such as smoke, fire, power failures, and flooding. But the pandemic has manifested the need for the future of building design to safeguard public health. Considerations such as contactless interaction, ventilation, moisture control, noise reduction, and adequate space for working from home are all pivotal factors, among others, being considered in the future of building design following the experiences of tenants throughout the pandemic.

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COVID Safe Buildings

The COVID-19 pandemic has permanently altered the way we experience and perceive our environments, with new considerations taking priority in what we expect from property owners and managers. Public health guidelines and city bylaws have been issued and updated regularly throughout the province since the onset of the pandemic, regulating the required measures to be put in place by building operators to keep staff and residents safe.

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Managing Rising Capital Expenditure Costs

A long-term strategic capital expenditure plan should be the first line of defense in ensuring no unforeseen large capital expenses creep up on landlords. Not to be confused with operating expenditures (OpEx) such as wages, taxes, insurance, equipment maintenance, etc., a thorough CapEx plan should include information on assets which provide a long-term benefit to the landlord and tenants, such as structures (foundation, windows, parking lot resurfacing, etc.), equipment (computers, security systems, printers, etc.), and appliances (laundry machines, stoves, refrigerators, etc.).

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    RE/MAX Eastern Realty Inc., Brokerage

    91 George Street North, 2nd Floor
    Suite 2409
    Peterborough, ON K9J 7Y8

    Derek Green
    Sales Representative
    (705) 536-0719

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    Ontario Apartment Group is a full-service multifamily sales and marketing team dedicated to providing exceptional value and institutional-quality service to buyers and sellers of multifamily properties across Ontario.

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    about us

    Ontario Apartment Group is a full-service multifamily sales and marketing team dedicated to providing exceptional value and institutional-quality service to buyers and sellers of multifamily properties across Ontario.

    Privacy Policy | Terms of Use
    All data is subject to Errors, Omissions or Revisions and is not warranted.
    Copyright © 2022, Ontario Apartment Group.