Energy Programs and Incentives Conference (EPIC) 2017
MINGO Rally presents: The Energy Programs and Incentives Conference (EPIC), Toronto ONE FOCUS. ONE GOAL. Did you know that more than tens of $millions of energy incentives are available to building owners every year? Navigating the variety of energy programs and incentives available to apartment owners can be overwhelming and intimidating. EPIC – The Energy Programs and Incentives Conference, showcases active energy programs within the City of Toronto, along with their incentives...
read moreIs Ontario’s Fair Housing Plan working?
The Ontario government says recent home-sales data suggests its Fair Housing Plan is improving affordability in the province, but not all market observers are showing the same support for the 16-point policy move first announced this April. “While experts agree that it is too soon to tell, the numbers suggest that the housing market is moving in a more stable direction — making it easier for families and first time buyers to get into the market, while protecting the investment of homeowners,...
read moreBidding wars on the rise: Rental Market set for turbulence
Competition in Toronto’s condo rental market has become so fierce that bidding wars are on the rise. “Competition amongst renters [for condo rentals] is going to remain pretty intense, and there’s not going to be a lot of availability,” said Urbanation’s Vice President, Shaun Hildebrand. “Rentals will have multiple bidders on them and the situation won’t correct itself any time soon. We will need more supply in the marketplace through higher condo completions as we move into 2020, 2021, which...
read moreMorneau to unveil tax plan changes in wake of fierce backlash
Finance Minister Bill Morneau will brief Liberal backbenchers Monday on changes he’s making to proposed tax reforms that sparked a fierce public backlash. Sources, who weren’t authorized to speak publicly, say a special briefing early Monday morning is aimed at demonstrating to anxious Liberal MPs that Morneau has heard the concerns about his tax reform plan. The proposed reforms were intended to put an end to measures which Morneau contends have allowed wealthy individuals who...
read moreIt’s Official: Canada’s Tallest Building is Under Construction
It’s tough scheduling ground breaking ceremonies for the day that ground is actually broken on a development, so today, what has been evident to us for weeks now was made official (and made more public) as Sam Mizrahi, President of Mizrahi Developments, stood upon a podium erected on the site of The One and declared it was full-steam-ahead for the skyscraping new complex. Mizrahi spoke about his intentions for the property; to create something worthy of the important location, to create...
read moreActivist investors step up efforts to unlock value in Canadian REITs
Activist investors are stepping up campaigns to drive change in Canada’s $67 billion real estate investment trust sector as they see attractive prices and opportunities to unlock value, investment managers and advisers said. Activists are also looking to tackle perceived corporate governance issues such as high management and board compensation, as well as to tap frustrations from institutional investors about underperforming stocks. Some activists have been emboldened by the recent...
read moreAffordability crisis worsens homelessness in Metro Vancouver: Report
Metro Vancouver’s affordability crisis is driving up the number of homeless people in the region, and it’s getting worse for seniors and First Nations people, according to the latest homeless count. The 2017 count found 992 people — or 45 per cent of the total homeless population — are homeless for the first time. “We know affordable dwellings have declined within Metro Vancouver at an estimated rate of eight per cent per year since 2007,” said Mike Clay, chair of the Metro Vancouver Housing...
read moreApartments and townhouses push Vancouver activity above historical averages
Residential property sales in the Greater Vancouver area shot up by 25.2% on a year-over-year basis last month, a development that the region’s real estate board attributed to the sustained strength of the apartment and townhouse segments. In its latest report, the Real Estate Board of Greater Vancouver (REBGV) stated that the region’s September sales numbers (which totalled 2,821) were 13.1% above the 10-year sales average for that particular month. “Our detached homes market is balanced...
read moreReport: Renovation Investment and the Role of Vacancy Decontrol
FRPO released a second research report undertaken by Urbanation, this time focused on the importance of vacancy decontrol. The report attached is called Renovation Investment and the Role of Vacancy Decontrol. Key findings of the report include three quarters (77%) of purpose built rentals in Ontario received renovation expenditures of $5,000 or more since 2012 with a total investment of $5.2 billion as a result of vacancy decontrol. Vacancy decontrol is a key component on Ontario’s Rental...
read moreKelowna to become multi-family housing hub?
In its latest study, real estate team HM Commercial Group found that Kelowna is poised to distinguish itself in the B.C. housing market through its accelerated pace of building in the residential segment. “Demand for all forms of housing remains exceptionally strong and the City of Kelowna favours a policy towards densification in the urban town centres, which also bodes well for more affordable forms of multi-family development,” according to the Fall 2017 HM Commercial Report. Most notably,...
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