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

Communications

Opportunities abound in Montreal multi-residential market

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

Opportunities abound in Montreal multi-residential market

Minto Apartment REIT now offers more inroads in Montreal’s thriving multi-residential market. Earlier this month, the company announced its acquisition of a 50% interest in Rockhill, a six-building multi-residential property at 4850-4874 Côte-des-Neiges Road in Montreal. “It is with great enthusiasm and pride that we are entering the strong Montreal rental market for the first time with the purchase of Rockhill,” Minto Apartment REIT CEO Michael Waters said. Built in 1967-68, the 7.6-acre...

read more

BoC’s Wilkins sees ‘solid’ performance for Canada despite soft patch

Posted in Communications, Employment, Finance, Housing, Industry Trends, Newsworthy

BoC’s Wilkins sees ‘solid’ performance for Canada despite soft patch

Bank of Canada officials continue to characterize the country’s economic performance as “solid,” despite a recent soft patch they believe is only temporary. Senior Deputy Governor Carolyn Wilkins, in a Calgary speech, reiterated the main messaging from Wednesday’s rate decision, where the central bank kept rates unchanged but expressed growing confidence Canada is on track for a rebound. The speech is what the central bank calls its Economic Progress Report, in which it aims to...

read more

Smoke spreads, air quality at ‘very high risk’ as Alberta wildfires burn

Posted in Communications, Fire Safety, Health & Safety, Insurance, Newsworthy

Smoke spreads, air quality at ‘very high risk’ as Alberta wildfires burn

Canada’s oil capital woke up to smoke that made eyes sore and breathing uncomfortable, an earlier-than-usual sign of summer as wildfires burn in the forests north of Calgary. After 8 months of cold, Calgary residents were unable to fully enjoy blue skies and warm temperatures Friday because of a white haze that blanketed the city with a strong smell of burnt wood. The government’s air quality health index for the city was at “very high risk,” suggesting people reduce or reschedule any...

read more

National Rent Rankings: Richmond Hill not far behind Vancouver

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

National Rent Rankings: Richmond Hill not far behind Vancouver

Richmond Hill is a long way from Vancouver — just not in terms of apartment rents. The average listed rent for a one-bedroom apartment in the suburb located to the north of Toronto was $1,879 in March, up 1.6 percent from the previous month, according to the latest monthly report from rentals.ca. That’s not far off prices in the notoriously expensive Vancouver market. On average, Vancouver landlords were asking $1,927 per month for available one-bedroom apartments. But it’s Toronto that was...

read more

Wood frame buildings could help alleviate ‘missing middle’ shortage

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

Wood frame buildings could help alleviate ‘missing middle’ shortage

Wood frame buildings are not only bringing dynamism to Ontario’s landscape, they’re being touted as a way to develop “missing middle” housing in Toronto. “Wood frame is a gentle-density option,” said Joe Vaccaro, CEO of the Ontario’s Home Builders’ Association. “It’s that missing middle piece that you can bring into the right location to help people find a home where they can work, live and play. In our mind, it’s a great option as a new supply chain. There are also lots of transit areas with...

read more

First Ever Passive House High-Rise Retrofit In Canada Announced In Hamilton

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Finance, Health & Safety, Housing, Industry Trends, Newsworthy, Retrofit, Senior Housing

First Ever Passive House High-Rise Retrofit In Canada Announced In Hamilton

Seniors in Hamilton will soon have new affordable housing options thanks to the Ken Soble Tower transformation that will make this high-rise the first retrofit Passive House tower in Canada. On Wednesday in Hamilton, Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs), on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and...

read more

Positive Developments for Housing Providers on Reasonable Accommodation

Posted in Bylaws / Regulations, Communications, Development, Elevators, Escalators, Exterior Building, Fire Safety, Health & Safety, Housing, Industry Trends, Insurance, Interior Building, Legal, Legislation, Newsworthy, Tenancy Law

Positive Developments for Housing Providers on Reasonable Accommodation

Two recent decisions of the Human Rights Tribunal are instructive for those in property management with respect to the duty to accommodate.  Both cases involved physical modifications to residential complexes and include insight into: the procedural duty to accommodate; the substantive duty to accommodate; and, what is reasonable accommodation. In Polito v. Briarlane, the tenant requested accessible access to the residential complex by way of an automatic door opener on the front doors.  The...

read more

Canada’s First Accessibility Bill Could Become Law Next Month: Minister

Posted in Bylaws / Regulations, Communications, Development, Exterior Building, Housing, Industry Trends, Insurance, Interior Building, Legal, Legislation, Newsworthy, Real Estate Law, Suite Renovations

Canada’s First Accessibility Bill Could Become Law Next Month: Minister

The federal government will heed the calls of Canada’s disabled community and amend the country’s first piece of national accessibility legislation to include some of the changes they sought, the minister spearheading the effort said Thursday. Accessibility Minister Carla Qualtrough said the government will be adopting all the amendments the Senate introduced to Bill C-81, also known as the Accessible Canada Act, when it comes back before the House next week. Earlier this month, the upper...

read more

Alberta official questions data used in B.C. money laundering report

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

Alberta official questions data used in B.C. money laundering report

A report commissioned for the government of British Columbia warned that money laundering in real estate is widespread across Canada – but a government official in Alberta is alleging that the conclusions are based on unreliable data. According to the report from former B.C. deputy attorney general Maureen Maloney, more than $7 billion in dirty money was laundered in the province in 2018, hiking the cost of buying a home by about 5%. The report also estimated that Alberta had $10 billion...

read more

Steven Mnuchin: U.S. Close To Scrapping Steel, Aluminum Tariffs Against Canada, Mexico

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

Steven Mnuchin: U.S. Close To Scrapping Steel, Aluminum Tariffs Against Canada, Mexico

“The president has instructed us to try to figure out a solution.” A top Trump administration cabinet member says the end of punishing steel and aluminium tariffs on Canada and Mexico is close at hand. “I think we are close to an understanding with Mexico and Canada,” Treasury Secretary Steven Mnuchin said Wednesday, as Foreign Affairs Minister Chrystia Freeland met with Trump trade czar Robert Lighthizer in a renewed push to get the tariffs lifted. Mnuchin was testifying before...

read more