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

Finance

Activist investors step up efforts to unlock value in Canadian REITs

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

Activist investors step up efforts to unlock value in Canadian REITs

Activist investors are stepping up campaigns to drive change in Canada’s $67 billion real estate investment trust sector as they see attractive prices and opportunities to unlock value, investment managers and advisers said. Activists are also looking to tackle perceived corporate governance issues such as high management and board compensation, as well as to tap frustrations from institutional investors about underperforming stocks. Some activists have been emboldened by the recent...

read more

Affordability crisis worsens homelessness in Metro Vancouver: Report

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Health & Safety, Housing, Industry Trends, Newsworthy, Rent Control, Tenancy Law

Affordability crisis worsens homelessness in Metro Vancouver: Report

Metro Vancouver’s affordability crisis is driving up the number of homeless people in the region, and it’s getting worse for seniors and First Nations people, according to the latest homeless count. The 2017 count found 992 people — or 45 per cent of the total homeless population — are homeless for the first time. “We know affordable dwellings have declined within Metro Vancouver at an estimated rate of eight per cent per year since 2007,” said Mike Clay, chair of the Metro Vancouver Housing...

read more

Apartments and townhouses push Vancouver activity above historical averages

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

Apartments and townhouses push Vancouver activity above historical averages

Residential property sales in the Greater Vancouver area shot up by 25.2% on a year-over-year basis last month, a development that the region’s real estate board attributed to the sustained strength of the apartment and townhouse segments. In its latest report, the Real Estate Board of Greater Vancouver (REBGV) stated that the region’s September sales numbers (which totalled 2,821) were 13.1% above the 10-year sales average for that particular month. “Our detached homes market is balanced...

read more

Report: Renovation Investment and the Role of Vacancy Decontrol

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

Report: Renovation Investment and the Role of Vacancy Decontrol

FRPO released a second research report undertaken by Urbanation, this time focused on the importance of vacancy decontrol. The report attached is called Renovation Investment and the Role of Vacancy Decontrol. Key findings of the report include three quarters (77%) of purpose built rentals in Ontario received renovation expenditures of $5,000 or more since 2012 with a total investment of $5.2 billion as a result of vacancy decontrol. Vacancy decontrol is a key component on Ontario’s Rental...

read more

Rental Infill Proposed for Rexdale Tower-in-the-Park Site

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

Rental Infill Proposed for Rexdale Tower-in-the-Park Site

Despite still being a few more years before the planned Finch West LRT brings improved transit to northwestern Toronto, the first signs of anticipatory intensification are springing up in neighbourhoods that will be served by the new line. Just under one kilometre north of the line’s future Martin Grove stop, the owners of a Tower-in-the-Park style 12-storey rental apartment building are seeking to intensity their site at 41 Garfella Drive in Etobicoke with added residential density. A...

read more

Canadian Housing Affordability At Its Worst In 27 Years: RBC

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

Canadian Housing Affordability At Its Worst In 27 Years: RBC

Royal Bank says housing affordability in Canada hit the worst level since 1990 in the second quarter of this year. In a new report Friday, RBC Economics says its national housing affordability measure deteriorated for the eighth straight quarter. The Toronto area was the hardest hit, where RBC says affordability declined the most and hit the lowest level ever measured in the city. RBC says the Ontario government’s actions in April to cool down the housing market did not have an immediate...

read more

What will Canada’s energy future look like?

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

What will Canada’s energy future look like?

The transition to a low carbon economy could take many paths. Hydrocarbon fuels have been part of our lives for decades, taking civilization from an economy built around wood and coal to one far more affordable and and efficient, with an increased quality of life. While oil and gas will continue as part of Canada’s energy mix for some time to come, the transition to a lower carbon future is inevitable. Four energy futurists share their visions on what that transition could look like. David...

read more

I Don’t Envy The Politician Who Tries To Sort Out Canada’s Housing Mess

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Health & Safety, Housing, Industry Trends, Legislation, Real Estate Law, Senior Housing, Student Housing, Tax Law, Tenancy Law

I Don’t Envy The Politician Who Tries To Sort Out Canada’s Housing Mess

Ensuring adequate shelter. Safeguarding homeowners’ value. Protecting the environment. I do not envy politicians. It seems like every decision our elected officials make, thousands of people immediately attack their keyboard, criticizing everything about it. Even when a politician’s choice is heavily supported, the vocal minority shouts from the rooftop that this politician doesn’t care, doesn’t understand, or is willfully ignorant of the needs of a certain subsection...

read more

Montreal: Canada’s next investors’ paradise

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

Montreal: Canada’s next investors’ paradise

A city of multiplexes — which continue to yield high returns for investors — Montreal’s burgeoning condo market is also attracting international attention. In particular, the southwest neighbourhoods of Griffintown and neighbouring St. Henri, the latter of which has rehabilitated its rough and tumble image through gentrification, are the surest bets, according to Fred Serrecchia, Partner, Broker of Record and Head of Real Estate at Montreal-based NestReady. “Things are changing quite rapidly,”...

read more

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...

read more