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Housing

Tighter mortgage rules continue to take their toll on BC’s deteriorating housing affordability

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

Tighter mortgage rules continue to take their toll on BC’s deteriorating housing affordability

Similar to the rest of the country, stricter mortgage regulations that came into effect in January continued to weigh on BC home sales in May. Last month, a total of 8,837 homes changed hands across the province, a roughly 29 per cent decline from the 12,402 units sold a year ago, according to the latest data from the British Columbia Real Estate Association (BCREA), published Friday. “Across the country, the biggest hits [in demand] were in the higher priced markets, so Toronto and Vancouver...

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How can Doug Ford fix Toronto-area housing?

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

How can Doug Ford fix Toronto-area housing?

Premier-designate Doug Ford must make housing affordability a priority, say builders, realtors and urbanists. “This really is a generational challenge. The challenge of the folks who are going to live in the GTA over the next 25 years is something that needs to be the central focus of the provincial government,” said David Wilkes, CEO of the Building Industry and Land Development Association (BILD). He was among seven experts who told the Toronto Star how a new Ontario Progressive Conservative...

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Trade war history is not on Justin Trudeau’s side

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Housing, Industry Trends, Ministry Of Labour, Newsworthy, Tax Law

Trade war history is not on Justin Trudeau’s side

In 1969, Canadian Prime Minister Pierre Trudeau reflected on his country’s relationship with the United States in a speech to the Washington Press Club. “Living next to you is in some ways like sleeping with an elephant,” he said. “No matter how friendly and even-tempered is the beast…one is affected by every twitch and grunt.” His son Justin Trudeau, the current prime minister, might be tempted to describe the U.S. in even more colourful terms, given his recent diplomatic row with the Trump...

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How to Produce Eye-Catching Photography in Multifamily that Attracts Renters

Posted in Communications, Housing, Industry Trends, Interior Building, Marketing, Newsworthy, Technology

How to Produce Eye-Catching Photography in Multifamily that Attracts Renters

A picture is said to be worth a thousand words. But when it comes to photography in multifamily, a shot featuring the property shouldn’t be that verbose. The right picture with the right angle, the right composition and the right lighting should send the very concise message to prospective renters that this is the place to be. For property management companies on a limited budget who aren’t fortunate to have a shutterbug on the payroll, visual story telling can be difficult. Posting a drab...

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Halifax is slowly but surely magnetizing foreign capital

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

Halifax is slowly but surely magnetizing foreign capital

Over the past half-decade, the proportion of foreign home buyers in Halifax has steadily increased, according to the president-elect of the Nova Scotia Association of Realtors. Matthew Honsberger noted that the phenomenon is especially apparent among Chinese nationals, who have taken a shine to the city’s luxury real estate segment. He stated that on average, approximately 4% of homes sold in Halifax every year goes to foreign buyers, compared to the less than 1% proportion just 5 years ago....

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CANNABIS ACT PASSES FINAL READING IN THE SENATE : DEBATE RECAP

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

CANNABIS ACT PASSES FINAL READING IN THE SENATE : DEBATE RECAP

June 7 was the third and final reading for Bill C-45 (aka the Cannabis Act) in the Senate and it was a marathon 6-hour debate session. In the end, Bill C-45 passed 56 to 30, with 1 abstention. The next step for the bill is back to the House of Commons where the amendments will be reviewed, and if the amendments are accepted, then it will be sent to the Governor-General for Royal Assent, after which it will become law. If the House of Commons does not accept the amendments or changes the bill,...

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‘Open for business’: Doug Ford’s Conservatives win Ontario election

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

‘Open for business’: Doug Ford’s Conservatives win Ontario election

Doug Ford, whose populist message of smaller government and tax cuts drew comparisons to Donald Trump, will be the next premier of Canada’s most populous province and economic engine. Ford’s Progressive Conservatives won 76 of Ontario’s 124 districts in Thursday’s election, according to Elections Ontario. His decisive win ends 15 years of Liberal Party rule, and his majority government will be able to run the province without the support of another party. Ford, 53, a former city councilor and...

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CMHC TAKING SUBMISSIONS ON ADOPTING A HUMAN RIGHTS BASED APPROACH TO HOUSING

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

CMHC TAKING SUBMISSIONS ON ADOPTING A HUMAN RIGHTS BASED APPROACH TO HOUSING

A submission was made to CMHC’s proposal to adopt a human rights based approach to housing at its website www.placetocallhome.ca. Through such, CFAA has communicated the needs of our industry to ensure landlords are properly represented. CFAA’s position In principle, CFAA supports the move to adopt a human rights approach to housing. Governments should ensure that people have the means to access adequate housing. However, CFAA has concerns about particular aspects of positions that are...

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Huge demand for student housing makes it a lucrative opportunity for investors

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

Huge demand for student housing makes it a lucrative opportunity for investors

Haider-Moranis Bulletin: The private sector can develop student housing into a mature class of real estate investments. As enrolment at Canada’s universities and colleges continues to grow, the space for lecture halls, labs and academic offices is becoming scarcer. The same goes for on- and off-campus student housing. More than 1.5 million full-time students are currently enrolled in Canadian universities and colleges. They collectively generate a huge demand for rental housing and, in...

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Ontario Premier Kathleen Wynne admits she will lose provincial election

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

Ontario Premier Kathleen Wynne admits she will lose provincial election

An emotional Kathleen Wynne admitted today that her governing Liberals will lose the Ontario election on Thursday. The premier, whose party has been trailing behind the Progressive Conservatives and the New Democrats in the polls, is urging voters to elect as many Liberals as possible to prevent the other parties from forming a majority government. Wynne wouldn’t say whether she’d stay on as party leader following the vote. She also declined to endorse the Tories or NDP. Wynne says...

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