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Housing

Developer Uses Passive House for Better Affordable Housing

Posted in Appraisal, Communications, Development, Finance, Housing, HVAC / Mechanical, Industry Trends, Maintenance, Newsworthy, Rebates, Retrofit, Utility Management

Developer Uses Passive House for Better Affordable Housing

Building as many homes as possible, as cheaply as possible, could seem like the best way to create affordable housing. But, like with most things, you get what you pay for. Spending money up front to create energy-efficient buildings with lower maintenance and operating costs is a better approach. Developers like Hamilton-based Indwell believe that low-energy design and construction are the smart way to build affordable housing. “It’s actually quite doable to reduce energy use and get a better...

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LandlordBC RentalHousing Task Force Recommendations Released.

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

LandlordBC RentalHousing Task Force Recommendations Released.

Today, December 12, 2018, Chair Spencer Chandra Herbert and his fellow task force members released their Rental Housing Task Force recommendations as they pertain to the Residential Tenancy Act.   The Task Force completed their consideration of the various submission they received and research they conducted and put forth their recommendations to the Premier and Minister of Municipal Affairs and Housing today.  The recommendations are generally balanced and largely represent a modernizing of...

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Investment in Alberta not all it appears to be

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

Investment in Alberta not all it appears to be

Investment activity in Alberta looks promising, but a closer look at the numbers tells a different story. An analysis by Altus Group of activity through the third quarter of 2018 revealed the provincial capital bore witness to $3.1 billion of investment, which is a 38% increase over the same quarter in 2017 and a whopping 86% spike over the first three quarters of 2016. Breaking down those numbers, the industrial sector’s investment by the end of Q3 was $638.7 million, and retail investment...

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Toronto and Vancouver most ‘vulnerable’ to rate hikes: CMHC

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

Toronto and Vancouver most ‘vulnerable’ to rate hikes: CMHC

Canadians living in two of the country’s largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record-levels, warns a report by Canada Mortgage Housing Corp. The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent in the second quarter, which ended June 30. That means that for every $1 of disposable income, $2.42 is owed. It was...

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In scathing pre-election report, Ontario auditor general says deficit is $11.7B, not $6.7B

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

In scathing pre-election report, Ontario auditor general says deficit is $11.7B, not $6.7B

Ontario’s fiscal watchdog is warning that the province’s deficit projections are billions of dollars more than disclosed in last month’s budget. Auditor General Bonnie Lysyk, who is in an ongoing accounting dispute with Premier Kathleen Wynne’s Liberals, said this year’s shortfall is $11.7 billion, not $6.7 billion, as Finance Minister Charles Sousa forecast March 28. “When expenses are understated, the perception is created that government has more money available than it actually does,”...

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Ontario Auditor General finds serious concerns over elevator safety

Posted in Bylaws / Regulations, Communications, Development, Elevators, Health & Safety, Housing, Industry Trends, Maintenance, Ministry Of Labour

Ontario Auditor General finds serious concerns over elevator safety

A scathing report from Ontario’s Auditor General raises serious concerns about the state of elevator safety in the province, but members of the industry say the public isn’t at risk. In her report, released Wednesday, Auditor General Bonnie Lysyk slams the agency that regulates elevators, the Technical Standards and Safety Authority (TSSA) for poor oversight. She writes that in 2018, just over 80 per cent of elevators failed their TSSA inspection. “Most Ontario elevators and escalators are not...

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Average vacancy rate across Canada decreases to 2.4%

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

Average vacancy rate across Canada decreases to 2.4%

According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 3.0% in October 2017 to 2.4% in October 2018. Vacancy rates declined in Quebec, Alberta, Saskatchewan and the Atlantic provinces, while increasing by various amounts in centres in Ontario, British Columbia and Manitoba. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental housing in some form in almost all centres, but more...

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Toronto Alliance to End Homelessness

Posted in Appraisal, Bylaws / Regulations, Communications, Development, Finance, Health & Safety, Housing, Newsworthy, Real Estate Law

Toronto Alliance to End Homelessness

In November 2018, the City of Toronto released the results of its 2018 Street Needs Assessment survey.  On the night of April 26, 2018 there were 8,700 individuals and families counted as homeless and either using shelters, respite sites, 24-hour drop-ins, motels or sleeping outdoors. The Toronto Alliance to End Homelessness (TAEH) is a collective impact initiative committed to ending homelessness in Toronto.  TAEH is working with the City to rapidly find units of permanent housing and match...

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Bitter lawsuit between wealthy developers reveals delays, downsizing of Yaletown affordable housing plan was inevitable

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

Bitter lawsuit between wealthy developers reveals delays, downsizing of Yaletown affordable housing plan was inevitable

Thirty years ago, a deal between the provincial government and a private developer earmarked six large lots in Yaletown for affordable housing. Several weeks ago, the city announced affordable housing would be built on just three of the lots. Two business tycoons waged a little-known and vicious battle in and out of B.C. court over six empty Yaletown lots, assessed at a pittance because for three decades they have been designated for affordable housing. The high-stakes feud quietly escalated...

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Average vacancy rate across Canada decreases to 2.4%

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

Average vacancy rate across Canada decreases to 2.4%

Average vacancy rate across Canada decreases to 2.4% According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 3.0% in October 2017 to 2.4% in October 2018. Vacancy rates declined in Quebec, Alberta, Saskatchewan and the Atlantic provinces, while increasing by various amounts in centres in Ontario, British Columbia and Manitoba. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental...

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