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Canadian cities expected to become 2018’s commercial hotspots

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

Canadian cities expected to become 2018’s commercial hotspots

The Canadian commercial property segment came into the new year flush with the record-high successes of 2017, and a new report from Morguard predicted that five metropolitan markets in particular will enjoy robust strength in 2018. “There is a high supply of capital ready to be invested and Canadian commercial real estate is a proven performer. We are predicting another very busy and competitive market environment across the country in the coming year,” Morguard director of research Keith...

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The real ‘Manhattanization’ of Toronto’s housing market

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

The real ‘Manhattanization’ of Toronto’s housing market

When people talk about the Manhattanization of Toronto, they usually mean the myriad new skyscrapers and exorbitant price points. But the term might actually have more to do with how people live than how much they pay. New York has a relatively equal measure of renters to homeowners, but in Toronto the number skews heavily in favour of the latter. Yet with escalating pricing, there’s an emergent cohort of renters that’s only expected to grow. Heidi Schweichler, a broker with REMAX West Realty,...

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Relief ahead for Vancouver’s tight housing market by late 2018, experts say

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

Relief ahead for Vancouver’s tight housing market by late 2018, experts say

The British Columbia Real Estate Association says home builders are responding to a lack of available homes by dramatically increasing multi-family housing starts. A real estate association watching Metro Vancouver’s tight and costly housing market predicts conditions should begin to ease by the third quarter of 2018. The British Columbia Real Estate Association says home builders are responding to a lack of available homes across the region by dramatically increasing multi-family housing...

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Visions of Pot Fumes and Steamy Grow-Ops Spook Canada’s Landlords

Posted in Bylaws / Regulations, Communications, Fire Safety, Health & Safety, Housing, Industry Trends, Insurance, Interior Building, Legal, Legislation, Maintenance, Newsworthy

Visions of Pot Fumes and Steamy Grow-Ops Spook Canada’s Landlords

Canadians will soon be able to add marijuana to their collection of household herbs, and that’s creating a nightmare for the country’s landlords. With Prime Minister Justin Trudeau set to legalize recreational weed in July, apartment owners are concerned about safety and potential damage to their buildings if tenants grow plants and smoke up in their units. Landlords are lobbying provincial governments for legislation that would ban marijuana use in rental units or allow them to add...

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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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Province Releases Mandatory Lease Form. Implementation Date: On and After April 30, 2018

Posted in Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Legal, Legislation, Maintenance, Newsworthy, Payments Processing, Professional Services, Real Estate Law, Tenancy Law

Province Releases Mandatory Lease Form.  Implementation Date: On and After April 30, 2018

As expected, Ontario has introduced the mandatory “Prescribed Lease” to be used for all standard apartment rental units and tenancy agreements which are entered into on and after April 30, 2018.  This means that Landlords will have a very short time frame within which to change their administration process and implement the new form for new tenancies.  Here is a link to the “Standard Lease” form for your review: Standard Lease Agreement You may download a fillable...

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Calgary’s housing market in store for a “bumpy recovery” in 2018

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

Calgary’s housing market in store for a “bumpy recovery” in 2018

Although Calgary has emerged from its two-year economic slump, it might not be smooth sailing for the city’s housing market this year. In fact, the path to recovery is expected to be bumpy, according to the Calgary Real Estate Board’s (CREB) 2018 forecast, published today. With the market facing stricter mortgage regulations and higher interest rates, CREB predicts that these headwinds will likely offset the impact of the economy’s modest improvements this year, thereby prolonging the city’s...

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CFAA Awards Program now open!

Posted in Association News, Communications, Events, Housing, Industry Trends, Newsworthy

CFAA Awards Program now open!

CFAA is proud to announce that the 3rd annual CFAA national Rental Housing Awards Program is now open for applications! CFAA’s Awards Program has categories open to landlords, suppliers and associations operating in Canada’s rental housing industry. CLICK HERE FOR MORE INFO Applications will be accepted until Monday, April 9, at midnight PDT. Awards presentation Winners will be announced at the CFAA Awards Dinner in Vancouver on May 15. Visit www.CFAA-RHC.ca to buy awards tickets, or to...

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Preparing your Condo for Marijuana Legislation

Posted in Bylaws / Regulations, Communications, Health & Safety, Housing, Industry Trends, Insurance, Interior Building, Janitorial, Legal, Legislation, Newsworthy, Real Estate Law, Tenancy Law

Preparing your Condo for Marijuana Legislation

A recent CBC article discussed tools that some Ottawa condo corporations are using to address the upcoming legalization of marijuana. You can read the full article here: CBC: Gloucester Condo Marijuana Smoking Ban Each condominium community is different. Some condo corporations may not feel any new rules are necessary, while others may want to impose restrictions on marijuana use. Each Board should consider their own community and whether new rules are needed to promote the safety, security...

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

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

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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