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Kenney and Ford discuss carbon tax, pipelines at Toronto meeting

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

Kenney and Ford discuss carbon tax, pipelines at Toronto meeting

Alberta Premier Jason Kenney visited Ontario on his fourth day on the job to meet with Premier Doug Ford and discuss their mutual opposition to the federal carbon tax. Both premiers are strongly against the levy, and Kenney thanked Ford for being a key player in a coalition of provinces fighting the carbon tax. “Premier, as you know, my party even in Opposition has been in court supporting you, fighting for Ontario taxpayers, because ultimately you’ve got to fight for Canadian...

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World’s tallest wood tower proposed in Vancouver

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

World’s tallest wood tower proposed in Vancouver

A Vancouver developer is proposing a new 35 to 40 storey tower for the Broadway corridor, but the plan isn’t for a typical high rise. Bruce Langereis, president of Delta Land Corporation, is working with architect Peter Busby from Perkins + Will to design a mass timber building that could revolutionize the way developers build. The tower would be mostly mass timber, likely with a concrete core. The building will use a fraction of the carbon needed to build something similar in steel. According...

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Sask. Court of Appeal rules federal carbon tax is constitutional

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

Sask. Court of Appeal rules federal carbon tax is constitutional

A slim majority on the Saskatchewan Court of Appeal has ruled that the federal government’s national carbon-pricing system is constitutional. In a decision issued Friday, the court found that requiring a national price on carbon pollution fell within federal jurisdiction under the national concern branch of its peace, order and good government (POGG) power stipulated in the Canadian Constitution. This allows the federal government to legislate on matters of national importance that have a...

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Toronto – Vital Service Disruptions in Apartment Buildings

Posted in Association News, Bylaws / Regulations, Communications, Fire Safety, Health & Safety, Housing, Industry Trends, Insurance, Legislation, Newsworthy

Toronto – Vital Service Disruptions in Apartment Buildings

Toronto’s Planning & Housing Committee meets tomorrow to discuss a Vital Service Disruptions in Apartment Buildings report.  The City emailed the details to your designated contact in their database, so you should have already received notice. The report “provides an update on measures being undertaken by the City of Toronto to respond to Council directives on apartment building safety issues identified in the St. Jamestown catchment area.“ We have all closely followed...

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U.S. Economy continues to make strides

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

U.S. Economy continues to make strides

The US economy is in its 10th year of expansion and there is no sign that it’s slowing down. The US Commerce Department report today that GDP rose to an annualized 3.2% in Q1 (January to March), adjusted for inflation and seasonality, marking it the strongest first quarter in 4 years. This was propelled by a dovish Federal Reserve, which has allowed the economy to heat up just a little more with their “easy money” rate outlook. Inflation was still reported below the Feds 2% annual...

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‘Unicorn sites’ touted to boost housing supply

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

‘Unicorn sites’ touted to boost housing supply

Rental completions in Toronto hit a quarter-century high during Q1-2019, and it’s buoying hopes that the city might finally be on its way towards solving a critical supply problem. The 1,849 units were nearly five times the quarterly average going back to the first quarter of 2016, according to Urbanation, which furthermore noted that, considering there have only been 13,250 units built in 14 years, it is a considerable improvement. “While vacancy rates surveyed within purpose-built projects...

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Post-graduate housing complexes to arise in Montreal

Posted in CMHC, Communications, Development, Housing, Industry Trends, Student Housing

Post-graduate housing complexes to arise in Montreal

The federal and Quebec governments have announced the first of a series of new developments aimed at the growing post-graduate student demographic in Montreal. Woodnote Co-operative is slated to be a 90-unit affordable housing project, and it will herald the construction of over 160 affordable rental units in up to three separate developments across the city. “Post-secondary students in Quebec will soon have new affordable housing options thanks to a new funding model dedicated to creating...

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Bank of Canada abandons rate-hike bias amid economic slowdown

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

Bank of Canada abandons rate-hike bias amid economic slowdown

Policy makers in Ottawa left their benchmark overnight rate unchanged at 1.75 per cent for a fourth straight decision Wednesday, and dropped a reference to future increases that had been in every rate statement since the end of 2017. While Poloz had been reluctant to fully discard the idea that his next step is likely higher — making him a bit of an outlier — Wednesday’s changes indicate policy makers now expect interest rates to remain on hold indefinitely as the economy copes...

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Tenant’s Insurance

Posted in Bylaws / Regulations, Communications, Fire Safety, Health & Safety, Housing, Insurance, Legislation, Newsworthy

Tenant’s Insurance

It’s not uncommon lately to see on the news that a fire, flood or other natural disaster has left a building uninhabitable, and tenants without insurance leaving them without a home or possessions. Statistics Canada says that less than 50% of renters purchase tenant’s insurance. Owners and managers understand the risk and are looking for ways to reduce their exposure to damage caused by tenants. The issues for owners are encouraging tenants to protect themselves and to confirm tenants maintain...

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1 dead, hundreds of homes evacuated as floods swamp eastern Canada

Posted in Communications, Finance, Health & Safety, Housing, Insurance, Newsworthy

1 dead, hundreds of homes evacuated as floods swamp eastern Canada

One woman has died and hundreds have been forced from their homes after spring flooding washed out parts of Quebec and eastern Canada, prompting the deployment of Canadian Armed Forced soldiers to provide assistance as waters continue to rise. A 72-year-old woman died Saturday morning after driving her car into a massive sinkhole caused by flooding in Pontiac, Que., police said. Other drivers parked nearby tried to warn the woman, identified as Louise Seguin Lortie, but she couldn’t stop in...

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