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CPP and corporate income tax changes

Posted in Communications, Employment, Finance, Housing, Industry Trends, Legal, Newsworthy, Tax Law

CPP and corporate income tax changes

Effective January 1, 2019, employers of all sizes need to deduct a slightly larger contribution to the Canada Pension Plan from their employees’ paycheques, and to make a slightly larger employer contribution themselves. The contribution rate is up from 4.95% to 5.10%, the same as the new employer’s contribution. The federal Finance Department estimates that the average additional contribution will be $81 per year from each of the employee and the employer. In gradual increments, the...

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Landlords Tackle Homelessness at Community Event

Posted in Bylaws / Regulations, Communications, Finance, Health & Safety, Housing, Industry Trends, Legislation, Newsworthy

Landlords Tackle Homelessness at Community Event

Belleville, December 19, 2018. Landlords, members of the public, local government officials and community stakeholders recently met to discuss ways to reduce homelessness in the Quinte Region. The December 17 event hosted by the Quinte Region Landlords Association was chaired by President Robert Gentile and the discussion led by guest speaker Ruth Ingersoll of the Community Development Council of Quinte. The main purpose of the event was to educate housing providers of alternatives to eviction...

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LandlordBC RentalHousing Task Force Recommendations Released.

Posted in Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legislation, Newsworthy, Real Estate Law, Rent Control, Tenancy Law

LandlordBC RentalHousing Task Force Recommendations Released.

Today, December 12, 2018, Chair Spencer Chandra Herbert and his fellow task force members released their Rental Housing Task Force recommendations as they pertain to the Residential Tenancy Act.   The Task Force completed their consideration of the various submission they received and research they conducted and put forth their recommendations to the Premier and Minister of Municipal Affairs and Housing today.  The recommendations are generally balanced and largely represent a modernizing of...

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Average vacancy rate across Canada decreases to 2.4%

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legislation, Newsworthy, Real Estate Law, Rent Control, Tenancy Law

Average vacancy rate across Canada decreases to 2.4%

According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 3.0% in October 2017 to 2.4% in October 2018. Vacancy rates declined in Quebec, Alberta, Saskatchewan and the Atlantic provinces, while increasing by various amounts in centres in Ontario, British Columbia and Manitoba. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental housing in some form in almost all centres, but more...

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Toronto Alliance to End Homelessness

Posted in Appraisal, Bylaws / Regulations, Communications, Development, Finance, Health & Safety, Housing, Newsworthy, Real Estate Law

Toronto Alliance to End Homelessness

In November 2018, the City of Toronto released the results of its 2018 Street Needs Assessment survey.  On the night of April 26, 2018 there were 8,700 individuals and families counted as homeless and either using shelters, respite sites, 24-hour drop-ins, motels or sleeping outdoors. The Toronto Alliance to End Homelessness (TAEH) is a collective impact initiative committed to ending homelessness in Toronto.  TAEH is working with the City to rapidly find units of permanent housing and match...

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Average vacancy rate across Canada decreases to 2.4%

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legislation, Maintenance, Newsworthy, Real Estate Law, Rent Control, Tax Law, Tenancy Law

Average vacancy rate across Canada decreases to 2.4%

Average vacancy rate across Canada decreases to 2.4% According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 3.0% in October 2017 to 2.4% in October 2018. Vacancy rates declined in Quebec, Alberta, Saskatchewan and the Atlantic provinces, while increasing by various amounts in centres in Ontario, British Columbia and Manitoba. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental...

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CFAA OPEN CALL: Federal money for building retrofits


Posted in Association News, Bylaws / Regulations, Communications, Development, Events, Finance, Housing, Industry Trends, Legislation, Maintenance, Newsworthy, Professional Services, Restoration, Retrofit, Suite Renovations

CFAA OPEN CALL: Federal money for building retrofits


CFAA is lobbying the federal government to loosen the strings on retrofit grants and loans. Tell us what would lead you to take up the money! Email admin@cfaa-fcapi.org to tell us if you (or someone from your company) can attend a telephone conference call at any or all of these dates and times: Tuesday, December 4          2 to 3pm EST Thursday, December 6        11:30 to 12:30 EST Thursday, December 6        2 to 3pm EST We will fix one or two of those times for the call(s). Before the...

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Removing rent control on new units won’t ease Toronto’s housing crisis, tenant and housing experts say

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy, Real Estate Law, Rent Control, Tax Law, Tenancy Law

Removing rent control on new units won’t ease Toronto’s housing crisis, tenant and housing experts say

The Ontario government’s removal of rent controls on new, previously unoccupied rental units will mean higher housing costs in the future but won’t do much to relieve Toronto’s historically low vacancy rate, at least in the near term, say tenant and housing experts. Starting immediately, rent control rules will no longer apply to buildings and flats being rented for the first time, the Progressive Conservative government announced in an economic statement on Thursday. “Everybody who’s an...

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Canada Post strikes spread from Vancouver to New Brunswick

Posted in Bylaws / Regulations, Communications, Employment, Newsworthy

Canada Post strikes spread from Vancouver to New Brunswick

Vancouver and Niagara Falls, Ont., were added to the list of cities hit by postal disruptions this week as more Canadian Union of Postal Workers members walked off the job as part of rotating strikes. About 3,400 CUPW members in Vancouver walked off the job early Friday, joining Canada Post employees in the Niagara and Sudbury regions of Ontario, and Saint John, N.B., who launched job action to back contract demands. CUPW members have been conducting rotating walkouts across the country as a...

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Yet another Government change to Rent Control Increase for 2019

Posted in Appraisal, Association News, Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Newsworthy, Tax Law, Tenancy Law

Yet another Government change to Rent Control Increase for 2019

The B.C. government is capping rent increases in the province at the rate of inflation, a move that will drastically cut the maximum annual rent hikes that had been allowed under the old formula. The province dropped the automatic two per cent increase in annual rental costs for renters around the province, starting next year. The increase will now be limited to the annual rate of inflation, which now stands at 2.5 per cent. This comes on the heels of recommendations from the Rental Housing...

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