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Industry Trends

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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Business investment lost amid trade uncertainty isn’t coming back: Poloz

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

Business investment lost amid trade uncertainty isn’t coming back: Poloz

Bank of Canada Governor Stephen Poloz warns some business investment is going to be lost for good, regardless of when protracted North American Free Trade Agreement renegotiations wrap up. “Just the discussion of [NAFTA risk] for the last 18 months has got everybody’s radar on full – companies postponing or delaying important decisions, or making decisions that are different – investing in the United States, or what have you – just to hedge against the risk,” he said in an...

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Millennials living with parents longer, OREA says, in another report on lack of affordable housing in Toronto

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

Millennials living with parents longer, OREA says, in another report on lack of affordable housing in Toronto

The Ontario Real Estate Association isn’t backing away from its campaign to call out housing affordability problems in the GTA, even after scathing criticism from TREB. Ontario Real Estate Association President Tim Hudak skirted questions about the organization’s feud with the Toronto Real Estate Board on Tuesday and instead stuck to the lack of affordable housing in Toronto, an issue which has previously irked the city’s board. “We want to make sure that great Canadian dream of...

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Greater Toronto New Home Sales Clock Their Worst April In Decades

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

Greater Toronto New Home Sales Clock Their Worst April In Decades

Toronto’s very colourful housing market is still ringing up superlatives, just of a different kind these days. The city has gone from earning descriptions like “record high home sales” a few years ago to superlatives like “biggest price drop in 17 years” in more recent months. And now add another: The region has clocked the slowest pace of new home sales for an April in this century, and quite possibly the slowest pace in more than 20 years, according to new data...

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Court cases, rent strikes…are Toronto tenants rising up?

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

Court cases, rent strikes…are Toronto tenants rising up?

Unlike many tenants in Toronto, Jim McCarthy isn’t mad about yet another tall tower that’s popping up in his backyard. He has lived in an apartment at 45 Dunfield Ave. for nearly 20 years, and when Shiplake Properties Ltd. came up with a proposal two years ago for two new purpose-built rental towers in the area, he and other tenants figured they had to fight back. “The height of the buildings, the fact that they were going to be in our backyard, essentially taking away our visitors parking and...

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Wendel Clark and 5 teammates to appear at 25th Annual Greenwin Cares Golf Classic

Posted in Communications, Events, Industry Trends, Newsworthy

Wendel Clark and 5 teammates to appear at 25th Annual Greenwin Cares Golf Classic

This June, the Israel Tennis Centers is proud to celebrate 25 years of supporting children in need through the annual Greenwin Cares Golf Classic! With a long history of friendly competition, delicious food and special guests, the 25th anniversary of this event is set to be even bigger and better. Joining us this year will be Toronto Maple Leaf legend Wendel Clark alongside five of his teammates; Mike Foligno, Mike Krushelnyski, Mark Osborne, Dmitri Mironov and Rob Pearson. Each golfer will go...

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Meet the Coalition for Small Business Tax Fairness

Posted in Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy, Professional Services, Tax Law

Meet the Coalition for Small Business Tax Fairness

Federal corporate tax increases not yet a done deal Through CFAA and the Coalition for Small Business Tax Fairness, Canada’s residential landlords have again called on the federal government to cancel, delay or moderate its planned corporate tax increases. On May 25, the Coalition proposed specific changes to the tax reforms which are to apply to Canadian-controlled private corporations (CCPCs).  Read more On May 25, 2018, the Coalition for Small Business Tax Fairness wrote Finance Minister...

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Trudeau To Trump: NAFTA Deal Is Right There, If Some Demands Are Scrapped

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

Trudeau To Trump: NAFTA Deal Is Right There, If Some Demands Are Scrapped

WASHINGTON — Prime Minister Justin Trudeau has reportedly told President Donald Trump that a NAFTA agreement is imminently within reach as long as some controversial demands are set aside. That high-level conversation occurred in the midst of what many insiders view as a last-ditch push for a renegotiated agreement before impending political events pause the process until next year. The characterization of Trudeau’s message to Trump came in a television interview in Mexico: the economy...

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RentMoola and BMO announce next generation PAD solution.

Posted in Communications, Finance, Housing, Industry Trends, Maintenance, New Products, Newsworthy, Payments Processing, Professional Services, Technology

RentMoola and BMO announce next generation PAD solution.

RentMoola has launched its next generation pre-authorized debit payments (PAD) solution designed specifically for the property management industry. In partnership with BMO Financial Group (BMO), RM PAD+ digitizes the pre-authorized debit enrolment for monthly rent payments. The paperless solution eliminates the need for forms and void cheques. It works with any Canadian banking partner and allows the tenant to pay with any payment method, from anywhere. RM PAD+ combines RentMoola’s...

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GTA’s hot condo market moderates in first quarter

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

GTA’s hot condo market moderates in first quarter

Rising development costs and high-profile project cancellations have injected a note of caution into Toronto’s hot condo market, with more project terminations likely to come, says development research company Urbanation. It found Toronto condo launch prices were up 23 per cent year over year at the end of the first quarter, but also an extraordinary number of projects that launched a year ago — 53 developments with nearly 14,000 units — still hadn’t begun construction. It’s not unusual for a...

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