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Employment

Canada’s RioCan Sets Its Sights on High-Value Tenants

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

Canada’s RioCan Sets Its Sights on High-Value Tenants

Retail isn’t dead. In fact, it’s key to Canada’s RioCan Real Estate Investment Trust as the REIT tries to grow its way out of the sector’s decline. Canada’s biggest retail landlord expects growth of 2 to 3 percent in net operating income from long-held properties this year, Chief Operating Officer Raghunath Davloor said on an earnings call Wednesday morning. Growth was 2.1 percent last year. While some tenants “have failed to adapt or disappeared, many others are thriving and eager to expand...

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Bay Street calls on Morneau for plan to balance the budget

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

Bay Street calls on Morneau for plan to balance the budget

Bay Street wants Morneau’s budget to avoid tax hikes, new spending: BNN survey Federal Finance Minister Bill Morneau needs to hold the line – or even cut – federal taxes and get spending under control in his upcoming budget, according a BNN survey of Canadian economists, portfolio managers and corporate executives. “If they hike taxes they may as well shut down the country, we are done,” said Greg Taylor, portfolio manager at Redwood Asset Management, in the online poll conducted earlier this...

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Ontario sheds 59K part-time jobs as new $14 minimum wage begins

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

Ontario sheds 59K part-time jobs as new $14 minimum wage begins

Ontario shed some 59,300 part-time jobs in January — the same month the province hiked minimum wage some 20 per cent to $14 an hour, but experts say it may be too soon to know how much the two are correlated. The province shed 50,900 jobs total from December 2017, according to the Statistics Canada report. It gained approximately 8,500 full-time positions but lost roughly 59,300 part-time gigs, according to data provided by the agency, which noted the figures are rounded. That means...

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Trump to unveil US$1.5 trillion infrastructure plan

Posted in Communications, Development, Employment, Finance, Health & Safety, Housing, Industry Trends, Newsworthy

Trump to unveil US$1.5 trillion infrastructure plan

President Donald Trump is unveiling his long-awaited infrastructure plan, a US$1.5 trillion proposal that fulfills a number of campaign goals. But it relies heavily on state and local governments to produce much of the funding. The administration’s plan is centred on using US$200 billion in federal money to leverage local and state tax dollars to fix America’s infrastructure, such as roads, highways, ports and airports. Trump has repeatedly blamed the “crumbling” state...

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4 issues (other than NAFTA) Canadians should watch in Trump’s second year

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

4 issues (other than NAFTA) Canadians should watch in Trump’s second year

U.S. President Donald Trump’s first year in office consisted of many surprises, Twitter rants, executive orders –  and uncertainties that still linger heading into year two. Trade was a big focal point as tensions between NAFTA partners continued to mount. In the Bank of Canada’s latest rate decision, Governor Stephen Poloz pointed to uncertainty surrounding the trade deal as “the big cloud” hanging over its economic forecast. While NAFTA may be Canada’s biggest concern involving the U.S....

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Canada’s largest generation is flocking to these cities

Posted in Appraisal, CMHC, Communications, Development, Employment, Finance, Health & Safety, Housing, Industry Trends, Newsworthy

Canada’s largest generation is flocking to these cities

In its latest study, real estate portal Point2 Homes found that quality employment and housing affordability are two of the most important factors that push Canadian millennials toward certain metropolitan markets. The report added, however, that “this upbeat generation obsessed with life-work balance is looking for more than just a well-paying job and a nice house. They want engaging leisure activities, opportunities to socialize with other like-minded millennials, eco-friendly resources, and...

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Trump’s trickle-down tax plan: What it means to the rich, the poor, and Canada

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

Trump’s trickle-down tax plan: What it means to the rich, the poor, and Canada

WASHINGTON — Donald Trump promised to govern for America’s forgotten men and women; yet he promoted a tax reform plan on Wednesday that independent analysts say does the exact opposite, transferring tens of billions of dollars in wealth up the income ladder. The president claimed at a rally in Missouri that the tax plan would be great for the little guy, while clobbering rich guys like him: “It’s gonna cost me a fortune, this thing. Believe me, believe me, this is not...

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Rate hike coming? Canada’s lowest unemployment rate in 41 years boosts odds

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

Rate hike coming? Canada’s lowest unemployment rate in 41 years boosts odds

Expectations that Canada’s central bank will boost interest rates later this month for the third time since July surged on Friday as the government reported jobs data significantly above analysts’ expectations. Statistics Canada on Friday reported 78,600 new positions in December, smashing analysts’ expectations of a modest 1,000 jobs gain. The jobless rate dipped to a 41-year low of 5.7 per cent. “It’s a spectacular year in terms of employment,” said...

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New laws and rules coming into effect in 2018 across Canada

Posted in Bylaws / Regulations, Communications, Employment, Finance, Health & Safety, Housing, Industry Trends, Legal, Legislation, Newsworthy, Tenancy Law

New laws and rules coming into effect in 2018 across Canada

A number of laws and regulations are coming into effect on Jan. 1 or later in 2018 across Canada, including marijuana legalization nationwide and higher minimum wages in Ontario and Alberta. Here are the highlights you need to know: The federal Liberals have set July, 2018 as the deadline to legalize recreational marijuana. Sales of pot will be restricted to people 18 and older, although provinces will be able to set their own minimum age requirements. Provinces are also tasked with figuring...

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NAFTA, wage hikes and housing clouding Canada’s economic outlook for 2018

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

NAFTA, wage hikes and housing clouding Canada’s economic outlook for 2018

If you’re down on the Canadian economy heading into 2018, there is no shortage of challenges to feed your concern: NAFTA talks, housing market stress and record debt loads, to list just a few. Still, the biggest risk could be “uncertainty.” “There are plenty of risks heading into 2018, both foreign (NAFTA-related) or domestic (housing and debt), but it’s worth considering that uncertainty in-and-of-itself could be a major 2018 headwind to growth,” Frances Donald, senior economist at Manulife...

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