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Senior Housing

CFAA Rental Housing Conference – Executive Roundtable now set

Posted in Association News, Bylaws / Regulations, CMHC, Communications, Development, Employment, Events, Finance, Housing, Industry Trends, Interior Building, Legal, Legislation, Maintenance, Marketing, Newsworthy, Professional Services, Real Estate Law, Rent Control, Senior Housing, Student Housing, Tax Law, Technology, Tenancy Law

CFAA Rental Housing Conference – Executive Roundtable now set

Join CFAA and landlords from across Canada in Vancouver this May 14 to 16. Hear what other rental housing leaders think is The Future of the Rental Housing Industry. Find out how other companies are solving new problems and seizing opportunities. Early registration closes this week! Book by Thursday, March 29 to save! Read on, or visit www.CFAA-RHC.ca for more information or to register! Education Sessions Sessions include: Economic Update – by keynote speaker Benjamin Tal Deputy Chief...

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National Housing Strategy a major step in the right direction

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

National Housing Strategy a major step in the right direction

The Canadian Federation of Apartment Associations (CFAA) applauds the federal government’s plan to improve support for low-income renters in the National Housing Strategy (NHS). In particular, CFAA applauds the plan to create a new portable housing benefit for some low-income renters in the private rental housing market, which is to be called the Canada Housing Benefit. CFAA commends the federal government for adding a portable housing benefit as a necessary pillar in its policy to reduce...

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I Don’t Envy The Politician Who Tries To Sort Out Canada’s Housing Mess

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Health & Safety, Housing, Industry Trends, Legislation, Real Estate Law, Senior Housing, Student Housing, Tax Law, Tenancy Law

I Don’t Envy The Politician Who Tries To Sort Out Canada’s Housing Mess

Ensuring adequate shelter. Safeguarding homeowners’ value. Protecting the environment. I do not envy politicians. It seems like every decision our elected officials make, thousands of people immediately attack their keyboard, criticizing everything about it. Even when a politician’s choice is heavily supported, the vocal minority shouts from the rooftop that this politician doesn’t care, doesn’t understand, or is willfully ignorant of the needs of a certain subsection...

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The Rise of Aging-in-Place Amenities in Multifamily

Posted in Bylaws / Regulations, Communications, Health & Safety, Housing, Industry Trends, Interior Building, Newsworthy, Senior Housing

The Rise of Aging-in-Place Amenities in Multifamily

Some of the most effective amenities in multifamily could be hiding behind the scenes, seemingly lost from eyesight in the unit. Lighting in the just the right spot, a well-disguised grab bar and the slight widening of doorways may seem unimpressive but they add up with the 55-and-over crowd looking for convenience. While apartment designers have splashed on the amenities to attract younger renters, home builders and remodelers are placing more emphasis on simple functionality so older...

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Non-profit collab inaugurates new seniors’ residence complex

Posted in Communications, Development, Housing, Industry Trends, Newsworthy, Senior Housing

Non-profit collab inaugurates new seniors’ residence complex

Two non-profit entities have entered into a partnership and launched a new purpose-built community in downtown Toronto, in a bid to improve the supply of residential units catering to the needs of Canada’s elderly. Charity corporation The Reikai Centres and non-profit developer Options for Homes have announced their collaboration aimed at providing more long-term care space for Canadian seniors. The newest Community Hub on the north-west corner of Front and Cherry Street marked the first in...

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National Report: Vacancy rate in seniors’ residences drops in key regions

Posted in CMHC, Communications, Housing, Industry Trends, Newsworthy, Senior Housing

National Report: Vacancy rate in seniors’ residences drops in key regions

The vacancy rate for seniors’ residences decreased modestly over the past year in Quebec, Ontario and British Columbia, according to the regional Seniors’ Housing Reports released by Canada Mortgage and Housing Corporation (CMHC). Highlights Quebec The vacancy rate in standard spaces dropped to 6.2% in 2017 from 6.8% in 2016 while that of non-standard spaces also dropped to 5.0% from 5.5% over the same period. The capture rate dipped slightly to 17.9%. The average rent for standard spaces...

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Caring for aging parents costs Canadians $33B a year: CIBC

Posted in Communications, Finance, Health & Safety, Housing, Industry Trends, Senior Housing

Caring for aging parents costs Canadians $33B a year: CIBC

A new report from CIBC says caring for aging parents costs Canadians $33 billion a year. In the report, CIBC economists Benjamin Tal and Royce Mendes note that demographic challenges stemming from longer lifespans and lower birthrates are increasing the burden of caring for Canadian seniors. “An aging population combined with longer life spans and strained social services has in recent years seen more and more Canadians taking on the role of caregiver for their aging parents,” Tal and Mendes...

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CFAA Awards – Your National Showcase

Posted in Bylaws / Regulations, CMHC, Communications, Development, Employment, Events, Exterior Building, Finance, Health & Safety, Housing, Industry Trends, Interior Building, Legal, Legislation, Marketing, Newsworthy, Professional Services, Real Estate Law, Rent Control, Restoration, Senior Housing, Student Housing, Technology, Tenancy Law, Utility Management

CFAA Awards – Your National Showcase

The clock is ticking down to the close of CFAA’s second annual Rental Housing Awards Program.  Applications in all categories are due on Monday, May 1, by 12 midnight PDT. The CFAA Rental Housing Awards Program was started in 2016 to create a stage on which to celebrate excellence in rental housing across Canada. The winners are announced at the CFAA Awards Dinner, which takes place annually after the first day of sessions at CFAA Rental Housing Conference. That is to take place this...

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3 trends that could make 2017 a bigger year for Canadian apartment investment

Posted in Communications, Development, Employment, Finance, Housing, Industry Trends, Newsworthy, Senior Housing, Student Housing

3 trends that could make 2017 a bigger year for Canadian apartment investment

There’s reason to believe investors may spend more money on income-generating purpose-built rental buildings this year than they did in 2016, suggests a real estate company with a portfolio of properties across North America. “International migration, the aging population and gains in the national labour market will drive demand for multi-suite rental property,” says Morguard in its 2017 Canadian outlook report. In terms of immigration as a tailwind for investment, Keith Reading, a Morguard...

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Canada’s Purpose-Built Rental Vacancy Rate Increases in 2016

Posted in Appraisal, CMHC, Communications, Finance, Housing, Industry Trends, Newsworthy, Senior Housing

Canada’s Purpose-Built Rental Vacancy Rate Increases in 2016

Over the past year, the average vacancy rate in the privately initiated purpose-built rental market increased slightly, from 3.3 per cent in October 2015, to 3.4 per cent in October 2016. This information comes from the newly released Rental Market Report. Since 1989, CMHC has conducted a Rental Market Survey every October. It collects information for 34 Census Metropolitan Areas (CMAs), as well as all centres with populations of at least 10,000. Since last year, the supply of new apartment...

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