Canada’s one stop platform and the #1 National voice to the rental housing industry

Bylaws / Regulations

The Bank of Canada might not be done hiking just yet

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

The Bank of Canada might not be done hiking just yet

Investors wagering that the Bank of Canada is ready to throw in the towel on its tightening cycle are setting themselves up for disappointment, say market strategists at some of the country’s biggest banks. As policy makers around the world pivot toward a more dovish interest-rate outlook, front-end traders are betting Canadian officials are set to follow suit and forgo raising rates again until at least 2020. Yet analysts at firms including TD Securities and Scotiabank disagree, arguing that...

read more

Canada watches as Ottawa’s carbon tax goes on trial.

Posted in Bylaws / Regulations, Communications, Finance, Industry Trends, Legislation, Newsworthy, Tax Law, Utility Management

Canada watches as Ottawa’s carbon tax goes on trial.

A panel of five judges is to listen to arguments from both the Saskatchewan and federal governments as well as from 16 interveners on both sides of the dispute. Saskatchewan opposes the federal government’s plan to force a carbon tax on the province and plans to argue it is unconstitutional because it’s not applied evenly in all jurisdictions. Ottawa says the constitution gives it the power to impose a carbon price because climate change and greenhouse gas emissions are national concerns. The...

read more

Your guide to understanding Doug Ford’s major overhaul of Ontario’s rent control policies

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

Your guide to understanding Doug Ford’s major overhaul of Ontario’s rent control policies

No matter where you fall on the political spectrum, you’ll likely agree that Ontario’s rental market has morphed into something akin to the Wild West. This is especially true in Toronto, where rental prices have been climbing for years, vacancy rates are at an all time low, and the competition for a dwindling number of cheap rentals is fueled by an unaffordable resale market that keeps potential first-time buyers renting. After a summer election that swept the Liberals out after nearly 15...

read more

Unaffordable Housing Is Hurting Canada’s Job Market

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

Unaffordable Housing Is Hurting Canada’s Job Market

A lack of affordable housing is holding back worker mobility, the Bank of Canada says. A top-ranking official with Canada’s central bank suggests high housing costs are holding the country’s labour market back. Bank of Canada senior deputy governor Carolyn A. Wilkins says investing in employees through training and education, for example, is one way to boost the labour market — but it isn’t the only approach needed. The availability of affordable housing plays an important...

read more

Ontario PCs Float The Idea Of Private Eviction Enforcement

Posted in Bylaws / Regulations, Communications, Housing, Industry Trends, Legal, Legislation, Newsworthy, Real Estate Law, Tenancy Law

Ontario PCs Float The Idea Of Private Eviction Enforcement

Landlords say the current process takes too long. It would be a mistake for Ontario’s Progressive Conservative government to contract out eviction enforcement, one tenant advocacy group says. “When people have to be evicted from their home, there’s some pretty nasty situations going on like family breakdowns, illnesses, deaths in the family, bankruptcy, poverty, mental health,” said Kenn Hale, the director of advocacy and legal services for the Advocacy Centre for...

read more

Trudeau denies report his office interfered in SNC-Lavalin case

Posted in Bylaws / Regulations, Communications, Finance, Legal, Newsworthy

Trudeau denies report his office interfered in SNC-Lavalin case

Justin Trudeau denied a report that members of his staff urged Canada’s former justice minister to intervene in a legal case involving SNC-Lavalin Group Inc. (SNC.TO 0.54%) “Neither the current nor the previous attorney general was ever directed by me or by anyone in my office to take a decision in this matter,’’ the prime minister told reporters Thursday after a transit announcement in Vaughan, north of Toronto. Officials in Trudeau’s office tried to pressure Jody Wilson-Raybould into...

read more

Canadian companies bet on rentals amid record immigration

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

Canadian companies bet on rentals amid record immigration

Bentall Kennedy LP, the real estate arm of insurer Sun Life Financial Inc., is boosting its exposure to rental apartments as immigration in Canada’s biggest city booms. The Toronto-based firm, which managed $22 billion of assets in Canada as of September, plans to increase multi-residential investments to about 15 per cent of its portfolio from below 10 per cent, according to Doug Poutasse, head of strategy and research at Bentall. The “Canadian economy peaked but it is not necessarily coming...

read more

Rental market braces for influx of tenants

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

Rental market braces for influx of tenants

Rising interest rates and strict mortgage qualification resulted in fewer Canadians seeking homeownership than rental accommodations last year, and 2019 will bring more of the same. “It’s going to continue,” said Marcus & Millichap’s Vice President and Broker of Record Mark Paterson. “People will continue renting rather than dealing with residential mortgages. The rental market right now can barely keep up with the vacancy rate in Toronto, for example, being around 1%.” Competition for...

read more

Toronto City Council Approves Affordable ‘Housing Now’ Plan

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

Toronto City Council Approves Affordable ‘Housing Now’ Plan

This week, Toronto City Council voted to approve the ‘Housing Now’ plan, part of John Tory’s campaign promise to build 40,000 affordable rental units over the next 12 years. This first phase of the plan calls for the construction of 10,000 residential homes — 3,700 of which will be affordable — on 11 City-owned sites. The plan offers $280 million in financial incentives for private developers and non-profits to construct buildings with affordable housing components on these specific sites. The...

read more

‘Unfinished business’: Trump’s tariffs hang over Canada after signing new NAFTA

Posted in Bylaws / Regulations, Communications, Employment, Finance, Industry Trends, Legislation, Newsworthy

‘Unfinished business’: Trump’s tariffs hang over Canada after signing new NAFTA

When Prime Minister Justin Trudeau signed the new North American Free Trade Agreement with U.S. President Donald Trump and outgoing Mexico president Enrique Peña Nieto on Nov. 30, he added one caveat on the milestone day. “Make no mistake, we will stand up for our workers and fight for their families and their communities,” Trudeau said at the time. “And Donald, it’s all the more reason why we need to keep working to remove the tariffs on steel and aluminum between our countries.”...

read more