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Toronto / GTA

Allied Properties' debt downgraded to 'junk' by Moody's

Don Wilcox Commercial REITs National Jun. 12 2024

Moody's Ratings downgraded office owner and operator Allied Properties REIT’s (AP-UN-T) senior unsecured debt rating to junk status Tuesday, dropping it one level to Ba1 with a continuing negative outlook due to what the agency considers ongoing high debt levels.

Ontario's property tax system is long past its expiry date

Commercial Taxes Ontario Jun. 10 2024

Whether among assessing authorities, municipalities, professional associations, or taxpayers, there is near, if not complete, unanimity that Ontario’s property tax system would function best with annual reassessments.

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