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Poll says Ontario political parties should address affordable housing

Posted in Bylaws / Regulations, CMHC, Communications, Development, Housing, Industry Trends, Newsworthy

Poll says Ontario political parties should address affordable housing

Most Ontario residents want to see the province’s political parties address home affordability as part of their 2018 election platforms, according to a new poll conducted by Ipsos on behalf of the Ontario Real Estate Association, the Ontario Home Builders’ Association and the Fair Rental-housing Providers of Ontario. Eighty-five per cent of those surveyed agree that Ontario political parties should commit to addressing housing affordability. Most (80 per cent) also agree that that they would...

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CMHC: Housing Market Insight report on Rental Ownership Structure in Canada

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

CMHC: Housing Market Insight report on Rental Ownership Structure in Canada

CMHC released a Housing Market Insight report on Rental Ownership Structure in Canada. It is part of an on-going effort to address “data gaps”, focussing on the ownership structure of the purpose-built rental market and the extent of foreign ownership within that segment of housing in Canada.  The data upon which the report is based comes from a new set of questions added to CMHC’s 2016 Rental Market Survey.  Key highlights include: •             Roughly 90 per cent of purpose-built rental...

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Upcoming Events

Posted in Communications, Events, Marketing

Upcoming Events

GTAA – Annual Charitable Foundation Golf Tournament July 10, 10am Woodbridge – The Country Club GTAA Charitable Foundation Golf Tournament is being held at The Country Club on July 10th.  With a 10 a.m. shotgun tee off, our members enjoy a full day out on the links, which includes a continental breakfast, courtesy driving range, BBQ lunch, 18 holes of golf, cocktail hour and complete dinner, with tournament awards and prizes. For more details, contact lfisher@gtaaonline.com.   FRPO –...

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Greenwin Cares Golf Classic

Posted in Communications, Events, Marketing, Newsworthy

Greenwin Cares Golf Classic

Greenwin is hosting the fifth annual Greenwin Cares Golf Classic. The charity event is being held on Tuesday, June 27, 2017 at the Angus Glen Golf Club in Markham, Ontario. Greenwin Cares (www.greenwincares.ca) raises money and awareness for revitalization initiatives and social programs that benefit people in priority neighbourhoods. Its objectives are to understand and isolate problems of suburban development, socioeconomic deprivation and cultural dislocation, and to open lines of...

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Poll: Pot growing in rentals

Posted in Bylaws / Regulations, Fire Safety, Health & Safety, Housing, Industry Trends, Insurance, Interior Building, Legal, Legislation, Newsworthy, Real Estate Law, Tenancy Law

Poll: Pot growing in rentals

Story by:  Justin da Rosa With a proposed marijuana legalization bill in the offing, should the government tweak the bill to ban people from growing in rented homes? Take our poll today. The Cannabis Act was introduced in the House of Commons earlier this week. Under the act, adults will be permitted to grow as many as four marijuana plants in their homes. The announcement has one landlord group calling for reform already. “Fundamentally we want marijuana growing to still be prohibited...

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Most sweeping rent controls in 25 years could end up making Toronto housing more expensive if building halts

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

Most sweeping rent controls in 25 years could end up making Toronto housing more expensive if building halts

Toronto’s trying to make it more affordable to rent in one of the world’s hottest housing markets. New measures may have the opposite effect. Ontario’s government is set to impose the most sweeping rent controls in a quarter century, linking annual increases to inflation, with a cap of 2.5 per cent, on all buildings as it tries to keep costs under control. The measure, meant to protect tenants from price gouging, could end up making it more — not less — expensive to rent in North America’s...

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Bill 124, Rental Fairness Act 2017

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

Bill 124, Rental Fairness Act 2017

On April 20, 2017, Premier Wynne announced that at the first opportunity, the provincial government would introduce legislation that if passed (likely with a majority government) would expand Rent Control to all rental housing in Ontario.  This would specifically delete the “post-1991 exemption”. The first opportunity was Monday, April 24, 2017, and the provincial government introduced Bill 124, Rental Fairness Act 2017.  This legislation if (when) passed will amend key parts of the...

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Ontario’s expanded rent control comes with development incentives

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Legislation, Newsworthy, Rent Control

Ontario’s expanded rent control comes with development incentives

Increasingly over the last few years, months and weeks, government action on rental housing has become intertwined among the federal, provincial and municipal governments, and tied in with house price issues. Besides its new Non-Resident Speculation Tax, Ontario announced numerous changes on April 20 to address the rental market in Toronto. Those changes will also impact the rest of Ontario. Future federal responses to address the housing situation in Toronto or Vancouver would almost...

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Reduced property transfer taxes among proposals outlined in new BC Housing Affordability Plan

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Reduced property transfer taxes among proposals outlined in new BC Housing Affordability Plan

In an effort to tackle BC’s housing affordability crisis, the British Columbia Real Estate Association (BCREA) says it wants to save first-time homebuyers more money by increasing the property transfer tax exemption threshold by $250,000. Adjusting the province’s property transfer tax is one of five recommendations the BCREA outlined in its Housing Affordability Plan, published today. The plan comes less than a month before the provincial election and urges different levels of government to...

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Ontario’s Fair Housing Plan Could Hinder Purpose Built Developments and Rental Supply

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

Ontario’s Fair Housing Plan Could Hinder Purpose Built Developments and Rental Supply

Premier Wynne announced that at the first opportunity, the provincial government will introduce legislation that if passed (likely with a majority government) will expand Rent Control to all rental housing in Ontario.  This would specifically delete the “post-1991 exemption”. Vacancy decontrol and AGIs will remain.

 Some selected excerpts from “Ontario’s Fair Housing Plan”: Actions to Protect Renters Expanding rent control to all private rental units in Ontario, including...

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