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Legislation

Canada watches as Ottawa’s carbon tax goes on trial.

Posted in Bylaws / Regulations, Communications, Finance, Industry Trends, Legislation, Newsworthy, Tax Law, Utility Management

Canada watches as Ottawa’s carbon tax goes on trial.

A panel of five judges is to listen to arguments from both the Saskatchewan and federal governments as well as from 16 interveners on both sides of the dispute. Saskatchewan opposes the federal government’s plan to force a carbon tax on the province and plans to argue it is unconstitutional because it’s not applied evenly in all jurisdictions. Ottawa says the constitution gives it the power to impose a carbon price because climate change and greenhouse gas emissions are national concerns. The...

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Ontario PCs Float The Idea Of Private Eviction Enforcement

Posted in Bylaws / Regulations, Communications, Housing, Industry Trends, Legal, Legislation, Newsworthy, Real Estate Law, Tenancy Law

Ontario PCs Float The Idea Of Private Eviction Enforcement

Landlords say the current process takes too long. It would be a mistake for Ontario’s Progressive Conservative government to contract out eviction enforcement, one tenant advocacy group says. “When people have to be evicted from their home, there’s some pretty nasty situations going on like family breakdowns, illnesses, deaths in the family, bankruptcy, poverty, mental health,” said Kenn Hale, the director of advocacy and legal services for the Advocacy Centre for...

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New supply should be for all, not just the top tier

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legislation, Newsworthy, Real Estate Law

New supply should be for all, not just the top tier

Much attention has been devoted to the feverish pace of housing construction nationwide, although whether this has successfully addressed the problem of supply remains an open question. However, a recent study published by the Housing Policy Debate journal argued that these inventory injections have in the past few years tended towards being valued at market prices, a fact that will still exclude a considerable number of would-be buyers. The report stressed that governments at all levels...

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Toronto City Council Approves Affordable ‘Housing Now’ Plan

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

Toronto City Council Approves Affordable ‘Housing Now’ Plan

This week, Toronto City Council voted to approve the ‘Housing Now’ plan, part of John Tory’s campaign promise to build 40,000 affordable rental units over the next 12 years. This first phase of the plan calls for the construction of 10,000 residential homes — 3,700 of which will be affordable — on 11 City-owned sites. The plan offers $280 million in financial incentives for private developers and non-profits to construct buildings with affordable housing components on these specific sites. The...

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‘Unfinished business’: Trump’s tariffs hang over Canada after signing new NAFTA

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

‘Unfinished business’: Trump’s tariffs hang over Canada after signing new NAFTA

When Prime Minister Justin Trudeau signed the new North American Free Trade Agreement with U.S. President Donald Trump and outgoing Mexico president Enrique Peña Nieto on Nov. 30, he added one caveat on the milestone day. “Make no mistake, we will stand up for our workers and fight for their families and their communities,” Trudeau said at the time. “And Donald, it’s all the more reason why we need to keep working to remove the tariffs on steel and aluminum between our countries.”...

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Notice of Entry Service Rule Corrected

Posted in Bylaws / Regulations, Communications, Housing, Legal, Legislation, Newsworthy, Real Estate Law, Tenancy Law

Notice of Entry Service Rule Corrected

Earlier in January, we notified you that the LTB Rules had changed to remove the provision of posting 24 hours’ notice of entry on the door of a rental unit and in a follow up bulletin, that the LTB advised the omission of the rule was a clerical error.  We also advised that we would provide an update once the Rule was corrected.     We have reviewed the LTB’s Rules and Rule 3.2 has been added to allow 24 hours’ notice of entry to be posted on the door of the rental unit.   ...

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Morneau Sees Canadian Expansion on Track Despite Headwinds

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

Morneau Sees Canadian Expansion on Track Despite Headwinds

Despite trade headwinds and an oil shock, Canada’s economy remains on track to grow this year and in the “forecastable future,” Finance Minister Bill Morneau said. Morneau, speaking in an interview Friday at the World Economic Forum in Davos, Switzerland, said a November shock in Canadian crude prices is negatively impact the nation’s economy, but private sector economists continue to anticipate the expansion will continue. “There are headwinds, I don’t want to dismiss that as a challenge, but...

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How Quebec came to rule Canadian real estate in 2018

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

How Quebec came to rule Canadian real estate in 2018

For residential real estate, 2018 was the year of Quebec. While housing markets lost steam in other parts of the country, Quebec’s market remained poised as sales and prices grew. That was one of the takeaways from data released this week by the Canadian Real Estate Association (CREA), which presented a broad picture of resale  markets across Canada. The data also raised some interesting questions: For instance, in a year in which prices and sales declined in many regions, was it the average...

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Pot Sector Focus Shifts From Legalization to Legitimacy

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

Pot Sector Focus Shifts From Legalization to Legitimacy

After a wild year for the cannabis sector, it’s appropriate that 2019 kicks off with a focus on Aphria Inc., the Canadian pot producer that was attacked by short sellers and is now the target of a hostile takeover bid. Aphria reports results for the fiscal second quarter on Jan. 11, and there will undoubtedly be plenty of questions on the conference call about the allegations from short sellers that it overpaid for “worthless” assets in Latin America. Aphria called the claims by Quintessential...

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Top Canadian News Stories of 2018

Posted in Bylaws / Regulations, CMHC, Communications, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy, Real Estate Law, Technology

Top Canadian News Stories of 2018

10- ROYAL WEDDING CTV London bureau correspondent Daniele Hamamdjian kicks off the top 10 countdown on Dec. 23, with a look back at Prince Harry and Meghan Markle’s extraordinary wedding. Hamamdjian reflects on the spectacle that attracted millions of viewers, the star-studded ceremony and the drama surrounding the former actress’s family. 9- TORONTO HOMICIDES This has been an especially deadly year in Toronto, with the city notching more than 90 homicides so far amidst a spate of brazen...

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