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Employment

Federal corporate tax reform update

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

Federal corporate tax reform update

By John Dickie, President, Canadian Federation of Apartment Associations (CFAA) Between October 16 and 20, the Federal Government announced a decrease to the small business tax rate, and changes to its corporate tax reform proposals for Canadian-controlled private corporations (CCPCs), which were originally released on July 18, 2017. In October, the Government stated that it will not move forward with the proposed changes to restrict the use of the lifetime capital gains exemption by several...

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The Workplace Better Get Ready For Gen Z, The ‘Uber-Millennials’

Posted in Communications, Employment, Industry Trends, Marketing, Newsworthy, Professional Services, Technology

The Workplace Better Get Ready For Gen Z, The ‘Uber-Millennials’

They’re reinforcing the movement the millennials started by making employers rethink work, motivation, reward, engagement, commitment and trust. Meaningful and rewarding work is very important to Generation Zs, just like it is for their millennial brothers and sisters. And with Gen Z beginning to enter the workforce, now is the time to prepare so that your business benefits. As a bonus, you’ll likely increase your relationship with — and retention of — millennials. What Gen Zs are...

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Aecon CEO vows no job losses in $1.45B takeover by Chinese firm

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

Aecon CEO vows no job losses in $1.45B takeover by Chinese firm

Aecon Group (ARE.TO 0.86%) has agreed to be taken out by China’s CCCC International Holding (CCCI) in a $1.45-billion all-cash deal, a takeover that won’t result in any job cuts, according to the Toronto-based company’s chief executive officer. “We won’t have a single job loss,” Aecon President and CEO John Beck told BNN in an interview Thursday. “There will be job growth at Aecon.” Under the terms of the deal, which puts one of Canada’s biggest engineering giants in foreign hands, Aecon...

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Five ways to attract (and keep) great staff

Posted in Communications, Employment, Industry Trends, Professional Services, Technology

Five ways to attract (and keep) great staff

According to one Gallup poll, 50 per cent of employees leave their job because of their bosses. Other studies have shown that employees leave for several other reasons such as opportunity, better pay or more responsibility. Regardless, attracting and retaining quality staff is not only good for the bottom line, it’s good for customer service. So here are five ways to best attract and retain great staff. 1. Be a coach, not a dictator. We all know being a manager or owner is not an elected...

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Is Ontario’s Fair Housing Plan working?

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

Is Ontario’s Fair Housing Plan working?

The Ontario government says recent home-sales data suggests its Fair Housing Plan is improving affordability in the province, but not all market observers are showing the same support for the 16-point policy move first announced this April. “While experts agree that it is too soon to tell, the numbers suggest that the housing market is moving in a more stable direction — making it easier for families and first time buyers to get into the market, while protecting the investment of homeowners,...

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New Canadian Housing and Rental Market Report with Affordability Index

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

New Canadian Housing and Rental Market Report with Affordability Index

After not raising rates for almost seven years, the Bank of Canada surprised many by increasing its benchmark interest rate this month by another +0.25 to 1.0%. This new interest rate increase is the second 0.25 basis-point increase since July, and it is also now widely expected that another +0.25 is to be expected in October. With Canada’s Housing and Rental Markets already having been a hot news topic for Canadians over the past decade with housing prices continued rising pricing...

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B.C. economy to slow down, but real estate expected to maintain activity levels

Posted in Appraisal, Development, Employment, Finance, Housing, Newsworthy

B.C. economy to slow down, but real estate expected to maintain activity levels

In its annual economic report released last week, the Chartered Professional Accountants of British Columbia (CPABC) predicted a provincial GDP decline from 3.7 per cent in 2016 to 2.9 per cent in 2017, and further down to 2.0 per cent in 2018. Among the leading drivers of this development would be trade and investment uncertainty, along with the recent wildfires. The report quickly added, however, that “the construction industry and other real estate related industries will remain busy” for...

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Alberta’s Recession Is Finally Over, With Little Help From Oil

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

Alberta’s Recession Is Finally Over, With Little Help From Oil

The oil industry still hasn’t returned to its role as a driver of growth. ATB Financial has declared Alberta’s worst recession in three decades over with expected economic growth of 3.2 per cent this year. The provincially-owned bank warns, however, that challenges remain, especially in the energy sector where oil prices have been stuck around the break-even price of US$50 a barrel. ATB’s financial outlook says the low oil price has led to only modest increases in drilling...

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Green-Collar Workers Will Help Shape Canada’s Next-Gen Cities

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Health & Safety, Housing, Industry Trends, Newsworthy, Professional Services, Technology, Utility Management, Waste Management

Green-Collar Workers Will Help Shape Canada’s Next-Gen Cities

We are on the verge of yet another pivotal moment in our nation’s infrastructure history — one that is sure to again shape our future economy. Canada’s economy is inextricably linked to our infrastructure — and it’s always been so. Our nation and its economy would have developed very differently were it not for the construction of a transcontinental railway just fourteen years after Confederation in 1867. In the afterglow of Canada’s 150th anniversary, the country and...

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Canada Economy in Rarefied Territory With 3% Growth

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

Canada Economy in Rarefied Territory With 3% Growth

Statistics Canada reports growth data on Thursday that will confirm the nation’s economy has entered rarefied territory. Economists are forecasting an expansion in second-quarter gross domestic product at about the same 3.7 percent pace recorded in the first three months of this year. Even with an anticipated second-half slowdown, that should leave Canada flirting with 3 percent growth for all of 2017. If that happens, it would end a five-year stretch of sub-3 percent growth that’s already...

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