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Finance

FRPO: Nashville Housing Tour

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

FRPO: Nashville Housing Tour

Join FRPO as we head to Music City on October 17th and 18th. This popular event is proudly sponsored by Wyse Meter Solutions. This year’s tour will consist of a networking event on the evening of October 17th followed up by a the full day tour on the 18th including 3-4 unique Nashville apartment communities. This is a don’t miss event. This event provides our attendees the opportunity to mingle with other  members including landlords and suppliers while learning about the latest trends in the...

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CMHC reviews RCFI – have your say!

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

CMHC reviews RCFI – have your say!

As part of the federal Liberal government’s re-engagement in housing, CMHC created the Rental Construction Financing Initiative (RCFI). RCFI provides low cost financing with a long amortization period, in exchange for: making some units affordable , working with one or more social agencies, and providing good accessibility and energy efficiency. The goal is to create inclusive, sustainable communities. CFAA is in favour of incentives for the construction of affordable housing, and market...

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Calgary: To Build or Renovate?

Posted in Appraisal, Communications, Condo Conversions, Development, Finance, Housing, Industry Trends, Newsworthy

Calgary: To Build or Renovate?

When it comes to the big decision to “build or renovate,” it’s understandable that it invariably conjures up residential properties. However, in the Calgary market, trends to build or renovate are also relevant in industrial, commercial and institutional (ICI) markets. In addition, there is the often-forgotten construction science of infrastructure. Many industry stats underscore that Calgary “build or reno” trends are either adjusting or outright changing. “It seems that much of Canada may be...

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Trudeau says 2019 Canada election is fight against polarization

Posted in Bylaws / Regulations, Communications, Development, Employment, Events, Finance, Health & Safety, Housing, Industry Trends, Legal, Legislation, Newsworthy, Real Estate Law, Tax Law

Trudeau says 2019 Canada election is fight against polarization

Justin Trudeau said the 2019 Canadian election will be a contrast between his Liberal Party’s push for a cleaner environment and fighting inequality, and Conservatives who’ll attempt to exploit divisions created by a global wave of populism. The prime minister made the remarks late Sunday afternoon in his home district in Montreal, turning attention back to campaign politics a few days after he rejected the idea of calling an early election. Trudeau’s Liberals have lost their earlier lead in...

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Hollyburn launches #WhyWeRent contest

Posted in Communications, Events, Finance, Housing, Industry Trends, Marketing, Newsworthy

Hollyburn launches #WhyWeRent contest

It’s time to sharpen your selfie game for a chance to win a $5,000 furniture package to The Brick AND two months FREE rent, plus other incredible prizes, through Hollyburn Properties Limited’s nation-wide Instagram contest, #WhyWeRent. The property management leader is determined to raise awareness and eliminate the stigma surrounding long-term renting as a lifestyle choice, after they recognized an overall increased desire for convenience, affordability, and adventure from residents. This...

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Rental Insights Report

Posted in Appraisal, CMHC, Communications, Finance, Housing, Industry Trends, Newsworthy, Rent Control

Rental Insights Report

While the news often promotes the idea that rent in major cities such as Vancouver and Toronto are skyrocketing, in July, most major Canadian cities saw a drop or a minor increase. The largest jumps were actually in suburban communities and smaller cities. Aside from Halifax – where rent has crept up – the East Coast is holding steady. Rent Insights While prices in Vancouver remain high, there is some hope of a reprieve in this month’s report. Keep an eye on rents here for the next couple of...

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Cannabis ‘Gold Rush’ will boost retail in Canada, RioCan says

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

Cannabis ‘Gold Rush’ will boost retail in Canada, RioCan says

RioCan Real Estate Investment Trust said it’s anticipating a “gold rush” from Canada’s legalization of recreational marijuana in October, bringing premium rents and boosting demand for retail real estate across the country’s biggest markets. Canadian pot companies say they’re ready to start building in Ontario if its government allows private stores to sell marijuana, a prospect being considered by the conservative premier, Doug Ford. That system would mark a shift from the previous, liberal...

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Robust Growth Pushes Canada’s Jobless Rate to Lowest Since 1970s

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

Robust Growth Pushes Canada’s Jobless Rate to Lowest Since 1970s

Canada’s jobless rate returned to four-decade lows in July on stronger-than-expected employment gains, adding to evidence the nation’s economy continues to power ahead. The unemployment rate declined to 5.8 percent from 6 percent in June, matching the lowest level since the 1970s, Statistics Canada reported Friday from Ottawa. The economy added 54,100 jobs, marking a second straight month of exceptionally strong labor market gains. While the breakdown was less rosy in July — all the...

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Trump Hails Nafta Talks With Mexico, Says Canada Must Wait

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

Trump Hails Nafta Talks With Mexico, Says Canada Must Wait

President Donald Trump said negotiations with Mexico on a new Nafta are “coming along nicely,” while telling Canada it will have to wait to re-enter the talks to modernize the three-nation trade pact — hinting at his preference for bilateral negotiations. “Deal with Mexico is coming along nicely. Autoworkers and farmers must be taken care of or there will be no deal,” Trump tweeted late Friday, adding that incoming Mexican president Andres Manuel Lopez Obrador “has been an absolute...

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Millennials Study: Down Payments Delay Homeownership by up to 35 Years

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

Millennials Study: Down Payments Delay Homeownership by up to 35 Years

Most Millennials tend to greatly underestimate the amount they will need for a down payment. The national average down payment amount is about $25,000, but 30% of Canadian Millennials have less than $10,000 in savings, and 10% have no savings at all. In Canada’s 10 most populous cities, the time needed to save for a down payment varies significantly: from 20 years in Vancouver, to 4.6 in Toronto, and as little as 1 year in Edmonton. In the nation’s seven most expensive markets, Millennials...

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