Upcoming Events:

January 9th

Dinner meeting

Inside this issue...

Landlord Tips 4

HDAA Report &

Area Sales 5

City on wrong track

on licensing rentals 6

2013 Rent Guideline is 2.5%

10

Timeshares The

Good The Bad And

The Ugly

10

10 tips for reducing

risk and making 12

Hamilton economy

to gain steam in

2013

14

Determining the Heating Capacity of HVAC and

Hydronic Boilers

15

And more...

Newsletter Helping you stay informed

January 2013

THANKS TO THIS MONTHS GOLD

DINNER SPONSORS

Hamilton & District Apartment Association We cover the Golden Horseshoe and area (Hamilton, Mississauga, Oakville, Burlington, Brantford, St Catharines & the Niagara P eninsula)

President’s Message

Arun Pathak

2012 was a year packed with events and growth for our membership. Our Trade show and Golf tournament were both the largest turnouts we have ever had. As always we will be setting our goals even higher for 2013. We hosted a very successful “Strategic Real Estate Investing in Hamilton” information evening. Our plans for 2013 include larger events and educational seminars for 2013.

The most exciting news from 2012 was how we worked together to stand against licensing in Hamilton. I wanted to thank everyone for all their help at the December 11th public meeting with the City, especially those who took the time to speak and send in their objections. An extra thanks to those who contributed financially to help us with the media campaign and to hire legal aid - it was a huge contributing factor to helping us get the deferral of the motion to bring in licensing. The fight however is not over and we are prepared to continue in 2013 to ensure Hamilton Landlords work together to stop licensing.

“Big changes are underway transforming the way rental housing is viewed by households and investors. This exciting presentation will review the top ten economic, demographic and regulatory issues af-fecting rental housing demand and supply for the next decade”

Mike Chopowick is Manager of Policy with the Federation of Rental-housing Providers of Ontario (FRPO) and the Editor of FE Magazine, a provincial publication for the rental housing industry. Mike also served as Policy Advisor to the Toronto Board of Trade, and was formerly Policy Ad-visor to the Ontario Minister of Finance with responsibility for provincial-local finance policy and property tax assessment policy. Mike has exten-sive experience in both the provincial and municipal levels of government, fulfilling various communications and policy roles with the City of Toronto, and at Queen’s Park in the Ministries of Education, Northern Development & Mines and Health & Long Term Care. Mike is currently Treasurer and Director of the Canadian Federation of Apartment Associations.

Arun Pathak will be going over the highlight of the recently released

report. At 3.5 per cent in October 2012, the Hamilton Census

Metropolitan Area (CMA) average vacancy rate for purpose-built rental

apartment buildings remained relatively unchanged from October 2011.

Meanwhile, the Brantford CMA average vacancy rate increased from 1.8 per cent in October

2011 to 3.5 per cent in October 2012.

January 9th Dinner meeting speaker:

DID YOU MISS THE NOVEMBER 14TH MEETING?

Tom Karadza & Nick Karadza started Rock Star Real Estate Inc. four years ago and have since helped investors acquire $290 Million in investment property. With over 200 investment properties in

Hamilton, Ontario. They've focused primarily on single family homes using rental and rent-to-own strategies. They work with 540 clients from across Ontario and have published two books, Income

For Life for Canadians and Investing Lessons from The Streets THANKS TO THE MEETING SPONSORS:

DID YOU MISS STRATEGIC REAL

ESTATE INVESTING IN T he room was packed

and the speakers did

not disappoint. Derek updated the audience about the

vacancy rate in Hamilton and how it will see

substantial growth in future. Joe explained how he felt

Hamilton's strong point is its walkability and how the

pedestrian transit oriented environments attract

creative jobs in Hamilton. Arun went over the

changes he has seen in Hamilton's Rental Industry

and updated the audience about Licensing. Kevin

reiterated the importance of joining an association and

how even for an experienced landlord, the benefits of

becoming part of a larger group help have a positive

impact on all Landlords. This point was stressed even

more by our MC Paul Martindale who kept the night

flowing with his witty commentary and insightful points

about the rental Industry in Hamilton.

Thanks again to the Gold sponsors:

Derek A. Lobo Joe Accardi Arun Pathak Kevin Green

Tom & Nick wowed the members with a well informed

presentation on the economic update around the world and how

this affects the Rental Industry in Hamilton. They encourage

investing in Hamilton and see opportunity for growth in population,

employment and transportation / infrastructure. Their presention

was eye opening to the impact the worlds debt has on us and how

the United States debt is something we should all be aware of.

They also talked about the Rent to own program. They talked

about how the program gives you 5 income streams. If you want

more information please contact them at:

www.rockstarbrokerage.com

Apartment Video - Ian Goodwin

Casuccio Properties - Dan Casuccio

Chase Reatly Inc - Augie Ammendolia

Coinamatic - Mark Droge

Coldwell Banker - Lucie Piazza

Dan Lawrie Insurance Brokers Ltd.

Days Inn - Azim Kassam

OHN Pest Management - Ole Nielsen

RE/MAX Escarpment Realty Inc. - Terry Tandarich

Rent Check - Brenda J. Maxwell

SparkleWash - David Trefethen

Hamilton!

November 7th 2012

MC - Paul Martindale

LOCATION:

Waterfront Center

555 Bay St. North,

Hamilton ON

TIME:

6:00– Check in / registration

6:30- Dinner (followed by coffee & tea)

7:30– Presentation starts

HOW TO REGISTER: Contact Diane @ 289.440.3185 or

info@hamiltonapartmentassociation.ca

RATES: (dinner & presentation)

MEMBERS - $30 (presentation FREE)

NONMEMBERS - $50

(if nonmembers wish to only come to the presentation,

the fee for that is $10, coffee and tea included)

The HDAA has a strict 48 hour cancellation policy. If you do not cancel your

registration within this time, we may hold you financially responsible for the costs.

Email registrations must be confirmed to be valid . The Registration deadline

for dinner is SEPTEMBER 10th. If you are only coming for the presentation

please let us know. Payment must be made at the dinner. Cash or Cheque only

Want a booth to showcase your product?

Become a member! If you already are, register online at:

www.hamiltonapartmentassociation.ca

Who should attend?:

RENTAL PROPERTY OWNERS & MANAGERSRENTAL PROPERTY OWNERS & MANAGERSRENTAL PROPERTY OWNERS & MANAGERS

Why should you attend?:

Be up-to-date on the newest products.

Get great service & discounts from local providers.

Learn about the industry & meet our new members.

Mingle with your peers while enjoying free refreshments.

4 January 2013

Landlord Tips:

by Dan Casuccio -Casuccio Properties

"Tis the Season For Slip and Falls" Protect Your Property Against Slip and Fall Claims

A daily observation log must be kept for your protection. In this log state the time, temperature conditions, status of premises and action taken. Documentation should be

logged a minimum of twice a day and signed by the logger. Keep in mind that a claim could unexpectedly surface a year later and defending this by memory is virtually impossible. Make sure the property is covered by an insured snow plow operator with a detailed contract outling their responsibilities. Site staff must have adequate salt/ice melters, shovels and snow blowers. Proper doormats at entrances will help soak up excess melted snow. Snow clearing and salting should be the first priority for site staff. Note: Residents can become helpful witnesses attesting to prompt and efficient snow/ice clearing. Apply salt/ice melter generously and often to show residents/visitors the property is taking every precaution. Staff should closely monitor freeze and thaw cycles in order to maintain safety. It is prudent to place yellow A frame caution floor signs at entrances during sloppy weather. In the event a claim is made regarding a slip and fall, you will have the documentation for your insurance company. This will prove you have done your due diligence in maintaining your property and will help to ensure a strong defence for any legal proceedings.

5 January 2013

Don’t forget to reading our reoccurring sections “Landlord tips & HDAA Report” every issue

HDAA Report: Bank Prime Rate: 3.00%

Commercial Bond Yields Canada Mortgage Bond Canada Housing 06/15/18*: 1.76% Canada Housing 12/15/22*: 2.37% * denotes interpolated rate

Select Government of Canada Bonds CAN 4.25 06/01/18: 1.41% CAN 2.75 06/01/22: 1.80% GOC Bonds are for reference purposes only

S ix of Canada’s biggest financial institutions have been down-graded by Standard and Poor's. Scotiabank, National Bank of Canada, Laurentian Bank of Canada, Central 1 Credit Union,

Desjardins and Home Capital Group have all be lowered one notch to A-plus. The outlook remains ‘stable’ for all six. Standard and Poor's cites a softening economy, low interest rates and global head winds. The debt rating agency expects the banks' retail business to be particularly challenging. On the markets, attention has turned away from the doom and gloom of the U.S. fiscal cliff and is focusing on, more hopeful, news from China’s manufacturing sector. HSBC released its preliminary China Purchasing Managers’ Index for December, which rose to 50.9 from November’s 50.5. Numbers above 50 represent an expansion of manufacturing. Bonds are up slightly. While Chinese manufacturing is expanding again, Canadian manufacturing disappointed. Shipments from Canadian factories slipped 1.4% in October. The drop was much greater than the 0.2% decline in analyst’s forecasts. U.S. inflation dropped for the first time in six months in November, dipping 0.3%. A sharp drop in gasoline prices offset increases in other areas.

RECENT MIXED-USE &

MULTI-RESIDENTIAL HAMILTON

AREA SALES T: 905.572.WINK (9465)

TF: 1.877.WINK INC (946.5462) -Sales Ext.1 E: info@winkproperties.ca W: www.winkproperties.ca

For more information and current market opportunities, please contact: Paul R.J Martindale - Broker of Record

120 Sherman Ave.S 3-Storey Apt.Bldg - (15) Units! $ 1,085,000 $72,333/Suite

307 John St.S ! Redevelopment Building $ 4,200,000

125 Park St.S 3-Storey Apt.Bldg - (23) Units $ 1,865,000 $81,087/Suite

135 Berkindale Dr/15 Bellmanor 2-Storey Townhomes - (30) Units $ 3,000,000 $100,000/Suite

192 Hughson St.N 18-Storey Apt.Bldg - (192) Units $ 12,479,000 $64,997/Suite

Seasonʼs Greetingʼs from everyone at Wink Properties & Realty !

Market Minute

by Robert Fleet

6 January 2013

City on wrong track on licensing rentals

I appreciate The Hamilton Spectator reporting on this very important subject, however I would like to clarify some points.

The story said this licensing will add $650,000 to city coffers. The licensing proposal will not add anything to the city’s finances. The licensing project will be a cost to the city on their optimistic estimates of $600,000 in the first year.

I believe the cost will be many times higher and increase over time, placing a burden on taxpayers. The license and related costs will cause rent increases, which I estimate will be about $50 a month.

The proposed licensing will not add any new safety requirements and will only require landlords to comply with current standards. I do not believe the city has a right to use the proposed bylaw to reduce the number of rental properties in a given area and therefore will not resolve problems identified by residents in some areas.

Many rental units are classified as illegal because they do not conform to the current zoning. However, there will be a review of the zoning bylaws within the next year or so. That may change zoning in some areas, bringing the currently non-compliant units into compliance.

The city is on the wrong track and needs to consult with stakeholders before it makes any decisions.

Arun Pathak, President of the Hamilton & District Apartment Association (HDAA)

An open letter to the editor written by Arun Pathak in response to the Spec article “Strong opposition to licensing illegal apartment units“ on December 12th 2012. This letter has

replaced the regular “Dear HDAA” section for this issue. For more information on or a list of recent articles about licensing please go to the HDAA website under the latest news tab.

W e would like to thank Roxanne Bernard of SS Suite for her time and contribution

to HDAA. She decided not to continue as a board member for 2013. Her pres-

ence on the board will be missed and we look forward to seeing her at our dinner meetings and

events as a valuable member. We would like to welcome

our newest board member:

Cory Slinger of Horizon Utilities

Cory Slinger is the Manager, Market Development for Horizon Utility Corporation’s Conservation and

Demand Management team.Cory is responsible for Horizon’s Residential Demand Response Program,

Home Assistance Program, Residential New Construction Program and is leading Horizon’s Energy

Mapping Project. Cory has worked in the energy industry in both the natural gas and power sectors for

the past 10 years. Cory has a bachelor of Commerce from the University of Calgary and a Masters of

Business Administration with an Energy Concentration from Athabasca University.

7 January 2013

Landlord Funnies:

Hamilton renters currently pay far

more than their fair share of

property taxes. Hamilton's city

council must take immediate

steps to equalize property tax

rates paid by rent.

FRPO has launched a door hanger campaign to

inform and motivate renters to take action on the

multi-res property tax issue .

HDAA supports this program and recommends its

members do too! If your interested please contact

HDAA for your supply of door hangers.

STOP THE RENTER

RIP-OFF!!

A painter had lived in his loft for six months, and by now it was filled with

the paintings he had created. He worked day and night, stopping only occasionally for something to eat. He thought little about food and less about sleep. But what he thought about least of all was his rent. As a result, his landlord now stood before him, demanding the three months' rent the painter owed on the loft. "Give me a couple of weeks," the painter pleaded. "I know I'm on the verge of making some sales." "Absolutely not," the landlord said. "You gave me that story last month. You won't get another day's credit from me." "Look," the painter said, "think of it as an investment. Someday this loft will be famous, and you'll be able to charge a fortune for it. In a few years, people will come into this disgusting loft and whisper, 'That great painter used to paint here.'" "Pay your rent now," the landlord said, "or they'll be able to say it tomorrow morning."

Let us know what you

want to read about! info@hamiltonapartmentassociation.ca

8 January 2013

9 January 2013

T hanks to everyone who took the time

to attend the December 11th Planning

Committee meeting . The Chamber was

packed with concerned Landlords. The

overwhelming opposition was a key factor in

the City‘s deferral of the motion to bring in

licensing.

Thanks for all those members

who had the courage to stand

and speak against this issue:

Mary Flynn - Flynn Properties Paul Martindale- Wink Properties Robert Fleet- First National Tom Karadza- Rock Star Realty Mark Loeffler - Keller Williams Edge Anthony Shuttleworth Arun Pathak—HDAA President Alok Pathak—Smar Holdings Augie Ammendolia - Chase Realty

And a special thanks to Joe Hoffer of (Continued on page 16)

Timeshares The Good The

Bad And The Ugly

T imeshares are based on the concept of fractional

ownership in a property. You can purchase one month, then you own 1/12 of the unit. Other buyers will purchase the remaining fractions. When you purchase one week at a timeshare condominium each year, you own 1/52 portion of the unit.

There are two general programs:

Deeded – You purchase an ownership interest in the property.

Non-Deeded – You lease the right to use the property for a specific amount of time each year for a pre set number of years.

From there, the various ownership structures become more complex. Some properties

operate on points systems. These are often referred to as “vacation clubs”. With these, you purchase a specific number of points that can be redeemed at a variety of destinations.

Some plans let you “bank” unused points. You can purchase a fixed week, which

(Continued on page 11)

10 January 2013

2013 Rent Guideline is 2.5%

T he government has announced that the rent control guideline for 2013 will

be 2.5%, down from the 2012 guideline of 3.1%. The 2013 guideline applies to rent increases between January 1 and December 31, 2013. The McGuinty government passed legislation on June 13, 2012 to amend the Residential Tenancies Act, 2006 to ensure that the Rent Increase Guideline is capped at 2.5 per cent. Without the cap, the guideline would have been 2.6 per cent in 2013. The guideline does not apply to vacant residential units or residential units first occupied on or after November 1, 1991. The new guideline will also mean: · There will be a change to the threshold for what qualifies for an extraordinary operating cost increase in 2013. According to the regulations, “an increase in the cost of municipal taxes and charges or utilities is extraordinary if it is greater than the guideline plus 50 percent of the guideline”. That means that the threshold for extraordinary operating

costs will be 3.75% for 2013. · The interest rate on last month’s rent deposits also changes in accordance with the Residential Tenancies Act which requires interest to be paid to the tenant annually at a rate equal to the guideline. The interest rate on last month’s rent (LMR) deposits for 2013 will be 2.5%. Note that landlords will be able to use the interest earned on a last month’s rent deposit to top up the tenant’s last month’s rent deposit, as required, to keep this deposit up-to-date with the current monthly rent. Increasing Your Rent by the Guideline The rent for a unit can be increased up to the guideline limit if at least 12 months have passed since a tenant first moved in, or if at least 12 months have passed since the last rent increase. A tenant must be given proper written notice of a rent increase at least 90 days before the rent increase takes effect. The written notice should be on the N1 Form, “Notice of Rent increase”, available from the Landlord Tenant Board website, www.ltb.gov.on.ca, under the section “Notices of Rent Increases”. There is

(Continued on page 18)

11 January 2013

means that you own the right to use the unit during the same week each year, or you can purchase a floating week, which generally gives you the right to use the property during a predetermined period of time.

Timeshare properties can often feature larger and more luxurious accommodations than standard hotels and are generally located in desirable places.

The pitch timeshare sales people use to convince consumers to purchase billions of dollars worth of timeshares each year. How would you like to have a wonderful vacation in a beautiful location at a reasonable price? Would you like to repeat that vacation every year?

When you are standing in a beautiful condominium overlooking the perfect beach

and sparkling blue water, it is easy to succumb to the sales pitch. Remember, timeshare salespeople are in the business of selling. But just because they tell you that you are getting a great deal, doesn’t mean that you really are.

Before you buy, take some time to research the property and talk to other timeshare owners. Don’t make your decision in haste and never let the salespeople rush you.

I would suggest that you go back to your home and think about it before you jump in and buy. Banks will not give you a mortgage to purchase timeshares. People either pay for their timeshares by going into their saving’s accounts or use their lines of credit.

Look for my next article where I will discuss what owners can expect for their money when they invest in timeshares.

Maria Rekrut

(Continued from page 10)

12 January 2013

Investing In Real Estate -

10 tips for reducing risk and

making money

I nvesting in real estate and being a

landlord should be treated like any other

business venture. The goal is to end up with a

profit at the end of the day after collecting the

rent and paying the expenses. Slowly and

steadily your mortgage will be paid down and

you’ll end up with a tidy nest egg.

Remember though, like any venture it takes

effort, time and know-how. It is not a get rich

quick scheme. The Warren Buffet strategy

works best. Plan to hold the investment for the

long term, subject to market and personal

variables that may necessitate a quicker sale. It

can and should be financially rewarding if you

do your homework, take the proper

precautions, employ experts in the areas of

your weaknesses, and minimize your risks.

TIPS:

1. RESEARCH: Take the necessary time to

inform yourself about property values in the

locations you’re considering purchasing.

Consider obtaining a market analysis from a

real estate agent or appraiser for a property in

which you are interested. Consider if the

location is in decline or moving upwards? A

good indication is if large chains like Wal-Mart,

Tim Hortons, Home Depot or Star Bucks are

moving into the neighbourhood. Companies

like these do a lot of market research on

demographics and income before deciding

where to locate. If a large chain like one of

these finds a neighbourhood appealing, it’s a

good indication the neighbourhood in moving

upwards.

2. SURROUND YOURSELF WITH

EXPERIENCE: This is very important! Retain a

real estate agent who has firsthand experience;

who is also a local investor; and who has

owned and managed investment properties.

Many agents purport to be experts in

investment properties, but have never owned

or managed one. Retaining a real estate agent

with firsthand experience is invaluable.

Additionally, utilize the services of other

experienced professionals, such as property

managers, insurance advisers, mortgage

brokers, home inspectors, accountants and

lawyers. If your real estate agent doesn’t

possess the required expertise to know what

should be contained in an agreement of

purchase and sale, then retain a real estate

lawyer who is an expert in that area to prepare

the offer. A knowledgeable professional team

working with you will make the process

(Continued on page 13)

13 January 2013

smoother and save you time and likely money in

the long run.

3. PROPERTY MANAGEMENT: A critical

member of your professional team is an

experienced and reliable property manager. If

you don’t want to deal with or are not

experienced in dealing with tenant concerns,

evictions, and other property issues 24/7, you

will want a property manager. Depending mainly

on the number of units being managed,

(although there are many other factors), the

management fee will range from between 4 and

10 percent of the monthly or yearly rental

income. Good property management will likely

pay for itself in the long run. When looking for a

property management company, be sure you

ask for references and follow up those

references. Another good idea before retaining

any person is to simply do a Google search on

them and see what pops up.

4. BE AWARE OF ILLEGAL UNITS: Some

units in some apartment buildings, (usually a

basement apartment), duplexes and triplexes,

and students housing units, are illegal in that

they contravene the zoning by-law. Although

these units provide additional income, be aware

that they may not be fire code compliant, you

may be forced to convert them back to the legal

use of lesser units, you may not be able to have

the zoning by-law changed to permit the extra

units, and your lender will probably not include

the income from those units in determining the

principal amount you will qualify for under your

mortgage.

5. BUY WITH THE GOAL TO HOLD LONG

TERM: If you’re looking for a quick flip and a

quick profit, you might as well put your money

on the roulette wheel. It’s better to be the

tortoise than the hare. If you’re holding for the

long term, you should be able to ride out the ups

and downs of the economy and the rental

market. Historically, real estate has always

increased over the long term. The probability of

you making money is greater in the long term

then the chance of you making short term gains

(or short term but long term effect losses).

6. PARTNERSHIP AGREEMENT: If you’re

investing with other persons, it’s recommended

that you have an agreement in place, (i.e.

partnership agreement, joint venture agreement,

shareholders’ agreement) to address various

matters. Those matters could include failure to

put in cash calls for losses, selling your interest

or the property, management, death or

incapacity, decision making, and a myriad of

others. With an agreement in place, you a

mechanism already in place to deal with many

issues rather than having to deal with them later

when the parties may be antagonistically

opposed. It’s better to pay for the agreement

now then pay much more later.

7. BE CAUTIOUS: While there are some

investments that require minimal dollar

investment, most real estate transactions

require a significant down payment and

financing that is personally guaranteed. Don’t

fall prey to the “no money down” schemes.

Those schemes may work south of the border,

but they are not amenable in any significant way

to the Canadian system. The people making the

most money on the “no money down schemes”

are the ones putting on the seminars. Chances

are you will be paying a premium for the

(Continued from page 12)

(Continued on page 14)

14 January 2013

property because there is no money down; the

property is a money drain and that’s why the

seller is willing to sell with no money down so

the losses can be passed onto you. Get a

second opinion from a professional. Never be

hurried by a real estate agent or a seller to act

quickly to get in on the deal as there are many

other, probably better, deals outs there.

8. PROPERTY INSPECTION: A thorough

property inspection by a qualified inspector is a

necessity. Your satisfaction with the results

should be a condition of any offer.

9. EDUCATE YOURSELF: Familiarize yourself

with investment strategies, the nomenclature,

the tax laws, and the laws and regulations that

govern investment properties such as fire,

health and safety, landlord and tenant laws.

Educate yourself as much as you can. Then

don’t jump in. Take you time and wade in. You

may find that you have to view many properties

and submit many offers before you find the

investment property that is the right fit for you.

Know the business before you make the

plunge.

10. DON’T BE IN A HURRY TO SELL: A

common mistake made by inexperienced real

estate investors is that they sell their

investment too early. A quick tidy profit, if

available, should be weighed against the larger

future profit to come. Remember that by

keeping your investment, you don’t trigger any

capital gains meaning you have more money

working for you then if you sold the property

and bought another one. Also consider the

possible penalties if you sell before your

mortgage or other contracts mature.

Dino Nicosia Broker of Record, President Investpro Realty

Hamilton economy to gain

steam in 2013

W hile many economies in Ontario

and elsewhere in Canada are

expected to face some challenges as we head

into the New Year, the forecast for Hamilton is

decidedly a little brighter.

Canada Mortgage and Housing Corp. (CMHC),

for one, expects a modest rebound in the

second half of 2013, following on the slower

growth that was seen across most of the

province in 2012.

Key to the resurgence is continuing growth of

the US economy, which has a spillover effect

throughout much of Ontario, and especially in

southwestern Ontario and in the manufacturing

sector.

Anything connected to the automotive industry,

for example, is expected to do well, as

Canadian auto parts production posted record

growth in 2012 and is forecast to expand at a

more modest but still strong pace in 2013.

As of September 2012, in fact, manufacturing

constituted the second largest sector in

Hamilton – accounting for about 12 per cent of

total employment. As the US economy gains

strength through 2013, it will further boost

demand for Hamilton’s manufacturing products.

With the different levels of recovery among

various sectors in the area, the economy in

Hamilton is projected to create approximately

3,000 new jobs in 2013.

And with job growth comes net migration, as

people come to the city in search of

15 January 2013

employment. Hamilton is expected to continue

to attract newcomers to the city in 2013, many

of them from the GTA. The city, in fact, has

seen net migration double from recession

levels. Net migration over the next two years

will exceed 6,000, CMHC says.

All of these developments are conducive to

housing demand, particularly in rentals, initially,

as a higher proportion of younger migrants

move to Hamilton in search of work.

Mark Loeffler Agent with Keller Williams Edge and a Real Estate Investor

Determining the Heating Capacity of HVAC and

Hydronic Boilers

T he time has come to replace the HVAC rooftop units and/or boiler systems. You

consult with a heating consultant. How do you interpret the information provided?

Scenario No. ONE – HVAC Rooftop unit

Let us assume for example that you have an HVAC unit with a minimum input capacity of 300,000 BTUH. You obtain this information from the existing unit information plate (see picture below). The consultant tells you the replacement unit will be a new unit having an input capacity of 300,000 BTUH. That means that there is a requirement of 300,000 British Thermal Units of heating input every hour. This method of unit capacity has been used for over a hundred years.

This approach makes sense. You simply replace the existing unit with a similar sized unit

or smaller depending on the energy efficiency requirements.

Scenario No. TWO – HYDRONIC BOILER unit

Let us assume for example that you have a hydronic boiler unit with a minimum input capacity of 300,000 BTUH. You obtain this information from the existing unit information plate (see picture below). The consultant tells you the replacement unit will be a new unit having an input capacity of 89 BHP (i.e. 89 Boiler Horse Power). Confused? Don’t feel bad because we have contacted numerous heating consultants and they could not provide us a

(Continued from page 14)

(Continued on page 16)

16 January 2013

Restore your tub with our NeverPeel system and get a lifetime warranty

against peeling

Change colour with our reglazing services.

Regrout tub surrounds get rid of moulds

Countertop re-colour and recoat

Call chuck direct 905-962-1675

Office 1-888-454-7775

Chuckmezei@gmail.com www.tub-pro.com

relationship between “Boiler Horse Power” and “British Thermal Units per Hour”.

The relationship is (1 BPH = 33.33 MBTUH). REMEMBER THIS RELATIONSHIP when you buy your new boiler. At least you will be one step ahead of the heating consultants and sales persons. E.g 300,000 BTUH = 300MBTUH (M=ONE THOUSAND) 300MBTUH/33.3BHP = 90BHP (The replacement boiler has a capacity of 90BHP)

Ralph Brook, Brook Building Consultants

www.BrookBuildingConsultants.ca

(Continued from page 15)

Cohen Highly who elegantly reinforced

how licensing is not a solution for Hamilton, and has proven to be a mistake in other Ontario Cities.

Thanks also to all the non-members who spoke, we hope to see them at more events.

Although the fight is not over, we have put a dent in their plans. HDAA will continue to fight off licensing and will keep you posted on the latest news.

(Continued from page 9)

The 2013 membership fees are now due,

contact us if you are unsure of your

membership standing

January 2013 17

Every bit helps!

The HDAA has paid for advertising, hired legal

assistance and spent funds on mailings, flyers

and marketing items to help fight licensing. This

cost must be recovered, contact us today to

show your support by donating to the cause at:

18 January 2013

no requirement for approval by the Landlord Tenant Board.

(Continued from page 10)

FREE Webinars! January 30th 2013 - 2012 apartment Investment Roundup and 2013 Forecast

Please remember to let

us know if there are any

changes in your mailing

address so you don’t

miss your next

Newsletter!!

Advertise with us!

NOW IN COLOUR

Advertising is available to all members of HDAA.

We offer some of the most competitive rates in the industry. Email us

for a quote at info@hamiltonapartmentassociation.ca

490 Nelson Avenue Burlington, ON, L7S 1X3

289-440-3185

The articles and the views expressed in this newsletter reflect the individual authors’ opinions and are not necessarily

those of the Hamilton and District Apartment Association. We encourage anyone interested in submitting articles or

making comments and feedback to contact us through info@hamiltonapartmentassociation.ca The HDAA

attempts to provide the most accurate and up-to-date information available in this publication and through all contact

with its members. However we accept no liability for any inaccurate information provided. Members should consult with

appropriate professionals with regards to all important matters.

Hamilton & District Apartment Association

VISIT US ONLINE AT:

www.hamiltonapartmentassociation.ca

President: Administrator: Arun Pathak Diane Currell

Board members: Augie Ammendolia Paul Martindale Jason Leonard

Dan Casuccio Robert Fleet Maria Rekrut

Cory Slinger

Committees: Membership : , Augie Ammendolia, Carissa Drohan-Jennings, Dan Casuccio,

Ian Goodwin, Marry Flynn, Robert Fleet

Political: Danny Iannuzziello, David Horwood, Ed Alexander, Lucie Piazza, Mary

Flynn, Paul Martindale, Zaitoon Adatia

If you are interested in being on the board or a committee please call 905-632-4435 .

Purchase a Lease agreement from

HDAA for only $50.00

January 2013

Thanks to our associate

members who offer more

than the rest:

Rent Check

RONA