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Housing

The Week Ahead

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

The Week Ahead

Tuesday, September 4 -Notable earnings: Laurentian Bank -Notable data: ISM U.S. manufacturing index, U.S. construction spending -Bank of England Governor Mark Carney speaks at hearing on inflation report  -Automakers report monthly sales Wednesday, September 5 -Notable earnings: Alimentation Couche-Tard -Notable data: Canadian trade balance, Canadian labour productivity, U.S. trade balance -Bank of Nova Scotia holds financials summit (Brian Porter at 0900, Victor Dodig at 0935, Dave McKay at...

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Alberta projects deficit drop of $1B in first-quarter update

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

Alberta projects deficit drop of $1B in first-quarter update

Alberta’s finance minister says the court decision putting the Trans Mountain pipeline expansion in legal limbo won’t affect the long-term plan to rid the province of red ink by 2024. Joe Ceci says the province is relying on revenues not just from the Trans Mountain expansion but other pipeline projects as well, such as the Line 3 expansion from Alberta to Wisconsin and the Keystone XL line to the U.S. Gulf Coast. “There are a number of assumptions, not just (Trans Mountain.) We...

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Trump slams Canada’s ‘decades of abuse’ after NAFTA talks stall

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

Trump slams Canada’s ‘decades of abuse’ after NAFTA talks stall

President Donald Trump slammed what he termed “decades of abuse” by Canada with a new threat to terminate the North American Free Trade Agreement, a day after talks with the U.S.’s northern neighbour stalled hours before a deadline. “There is no political necessity to keep Canada in the new NAFTA deal. If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out,” Trump said on Twitter on Saturday. “Congress should not interfere w/these...

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Poloz Says Digital Revolution Warrants Caution on Rate Increases

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

Poloz Says Digital Revolution Warrants Caution on Rate Increases

The vast deployment of digital technologies around the world may be boosting productivity more than current statistics are measuring, giving policy makers another reason to be careful with interest rate increases, the head of Canada’s central bank said. The possibility that economies have more capacity to grow without fueling price increases may be one of the reasons inflation has remained lower than expected over the past five years, Bank of Canada Governor Stephen Poloz said in prepared...

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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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