The global real estate arm of the Ontario Municipal Employees’ Retirement System is breaking ground in a purpose-built rental project located in Scarborough, Ont. As part of the project’s development, Oxford Properties Group received a $650 million rental housing construction loan through the Canada Mortgage and Housing Corporation’s apartment construction loan program. The development will […]
The median solvency ratio of Ontario’s defined benefit pension plans reached 119 per cent during the first quarter of 2025, according to a new report by the Financial Services Regulatory Authority of Ontario. The solvency ratio declined by three percentage points as at March 31, 2025, compared to the previous quarter. This is the first […]
The Public Sector Pension Investment Board is closing the purchase of a 7.51 per cent minority stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. Spain-based infrastructure firm Ferrovial will retain its 48.29 per cent ownership stake for the 108-kilometre toll highway in the Greater Toronto Area, followed by the […]
New legislation in Ontario is signalling that the province is serious about addressing structural inefficiencies in its housing market and institutional investors could play a role, says Michael Tsourounis, managing partner and chief investment officer at Hazelview Investments. “The province’s goal on this is to enable developers to start building faster, . . . the […]
While pay transparency requirements differ across Canada, there are several best practices for employers to ensure equity in the workplace, says Caitlin Hurren, legal counsel at ADP Canada. Provincial pay transparency legislation is gradually being enacted across the country. On Jan. 1, 2026, Ontario-based employers will be required to include total compensation — including base […]
More than half (58 per cent) of Ontario employees say retirement planning should go beyond financial wellness and encompass physical and mental health and social connections, according to a new survey by the Ontario Municipal Employees Retirement System. The survey, which polled more than 750 workers and more than 750 retirees, found roughly eight in […]
In its 2025 budget on Thursday, the Ontario government proposed an additional $5 billion in funding to a provincial infrastructure bank that leverages public sector pension investments. The Building Ontario Fund, which was announced in the province’s 2023 fall economic statement, supports the development of new long‐term care homes, energy infrastructure, affordable housing, municipal and […]
Administering a pension plan involves the accumulation of large amounts of data in the form of documents, filings, reports, emails and letters. At some point, plan administrators who have amassed all this information will ask themselves, “How long do we need to keep these records?” There’s some guidance from pension legislation, as well as pension […]
A recent Ontario Superior Court decision demonstrates that it remains possible for employers to insert enforceable termination clauses in employment contracts. For some five years now, a host of decisions have struck down as unenforceable termination clauses that purport to displace employees’ right to reasonable notice or pay in lieu thereof. Almost always, the basis […]
A group of former municipal police officers who were recruited by the Ontario Provincial Police have launched multi-million-dollar lawsuits against the Ontario Municipal Employees Retirement System and the Ontario Pension Board over alleged losses suffered during their pension transfers. As part of their moves to the OPP from various municipal police forces — including the […]