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Finance

Canada Increasingly Convinced Trump Is Ready To Pull Out Of NAFTA: Report

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

Canada Increasingly Convinced Trump Is Ready To Pull Out Of NAFTA: Report

Negotiators are meeting for more talks in late January. LONDON, Ontario (Reuters) – Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said on Wednesday. The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January for the sixth and penultimate...

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Renters pushed to the 905 as vacancies hit 16-year low: Report

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

Renters pushed to the 905 as vacancies hit 16-year low: Report

Tenants eye 905 region as average rent in downtown Toronto hits $2,392 in final quarter of 2017. The squeeze on Toronto-region rentals is approaching strangulation with a constrained supply and climbing rents. Condo rents, which rose 9 per cent across the region in the last quarter of 2017 to $2,166 on average, are pushing tenants out of the downtown and into buildings in the 905 area, according to a report from market research firm Urbanation. Its data on rentals leased through the Multiple...

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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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One in three Canadians can’t cover bills amid ‘debt trap’: Survey

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

One in three Canadians can’t cover bills amid ‘debt trap’: Survey

One third of Canadians have stretched themselves so thin that they can no longer cover monthly bills and debt payments, according to a survey released Monday that paints a disconcerting picture of household finances in this country ahead of the Bank of Canada’s next interest rate decision. Thirty-three per cent of respondents to the MNP survey, conducted by Ipsos, admitted to being stretched beyond their means on a monthly basis, marking an eight-point increase since MNP’s last...

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Landlord Licensing Fees Result in Whopping Rent Increase

Posted in Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Legal, Legislation, Maintenance, Ministry Of Labour, Real Estate Law, Rent Control, Restoration, Retrofit, Suite Renovations, Tax Law, Tenancy Law

Landlord Licensing Fees Result in Whopping Rent Increase

The City of Waterloo is by far the greediest of all municipalities when it comes to the charges levied under its Landlord Licensing By-law.  Waterloo’s licensing fee and mandatory charges (the bulk of which go to its bureaucratic “cousin”, the Electrical Safety Authority) amount to over $1,000 per townhouse unit and are imposed on a “per bedroom” basis (the more bedrooms the higher the fee).  The fees are imposed on “converted residential dwellings”...

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A blueprint for change? The promises inside the new city, provincial and federal housing plans

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

A blueprint for change? The promises inside the new city, provincial and federal housing plans

The federal, provincial and municipal governments have all made recent, big-ticket promises to tackle the housing crisis in B.C. — promises that span from reducing homelessness at one end to making family homes more affordable on the other end. But how where and when will this plans become reality, and how much is the combined price tag? For the first time in 25 years, Vancouver has municipal, provincial and federal governments making pledges at the same time to invest in housing — a key...

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5 charts that put Canada’s 2017 real estate ups and downs in perspective

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

5 charts that put Canada’s 2017 real estate ups and downs in perspective

Between red hot first quarter prices and major policy bombshells like Ontario’s Fair Housing Plan, 2017 was one to remember for the Canadian housing market. It can be hard to keep track of everything that went down in the past year. To jog your memory, BuzzBuzzNews has rounded up five charts that make sense of 2017’s major real estate events. 1. The market was historically tight at the beginning of the year What’s going on here: A sales-to-new listings ratio determines how balanced a housing...

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Trump Administration Sends Canadian Cannabis Stocks Plunging

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

Trump Administration Sends Canadian Cannabis Stocks Plunging

Attorney General Jeff Sessions is making it easier to crack down on weed in states where it’s been legalized. Shares of Canadian cannabis companies took a dive Thursday after news that the Trump administration may allow crackdowns on marijuana in states where it has been legalized. According to a report from the Associated Press, U.S. Attorney-General Jeff Sessions is rescinding an Obama-era policy that instructed prosecutors not to pursue federal marijuana charges in states where the...

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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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How Ontario’s 2018 election campaign will be different from 2014

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

How Ontario’s 2018 election campaign will be different from 2014

Kathleen Wynne’s Liberals will try to hold on to power in race against PCs, New Democrats and Greens Election day in Ontario is June 7, 2018. The parties are already gearing up for the race by assembling their campaign teams, nominating candidates and preparing platforms, although the campaign doesn’t officially start until May. Kathleen Wynne will be trying to lead the Liberals to their fifth straight election victory. Her chief rivals will be the Progressive Conservatives, led by...

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