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Tenancy Law

Toronto apartment inventory having trouble catching up with demand

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

Toronto apartment inventory having trouble catching up with demand

Toronto’s apartment segment is experiencing a healthy infusion of new supply, but a new analysis by Marcus & Millichap indicated that the rate of addition is not proving enough to address the inflamed levels of demand for the city’s residential spaces. The Toronto Multifamily Spotlight report for November 2018 stated that the first 3 quarters of 2018 saw the addition of 2,500 new apartments, putting the delivery rate on track to reach the highest level since 1994. However, elevated prices...

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Removing rent control on new units won’t ease Toronto’s housing crisis, tenant and housing experts say

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

Removing rent control on new units won’t ease Toronto’s housing crisis, tenant and housing experts say

The Ontario government’s removal of rent controls on new, previously unoccupied rental units will mean higher housing costs in the future but won’t do much to relieve Toronto’s historically low vacancy rate, at least in the near term, say tenant and housing experts. Starting immediately, rent control rules will no longer apply to buildings and flats being rented for the first time, the Progressive Conservative government announced in an economic statement on Thursday. “Everybody who’s an...

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3 trends expected to define Calgary’s housing market in 2019

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

3 trends expected to define Calgary’s housing market in 2019

With 2018 nearly over, Calgary’s housing market has yet to recover to previous heights, the result of a drawn-out slump resulting from lower oil prices and the knock-on effects that’s had on employment. But how about next year? Ann-Marie Lurie, the Calgary Real Estate Board’s chief economist, suggests the market will continue to face a number of headwinds in the coming year. “The current situation that we’re in is we have an oversupplied market, prices have been trending down, and we just...

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Cannabis and the Code: Human Rights Commission releases new policy statement in advance of legalization

Posted in Bylaws / Regulations, Communications, Fire Safety, Health & Safety, Housing, Industry Trends, Insurance, Interior Building, Legislation, Maintenance, Newsworthy, Real Estate Law, Tenancy Law

Cannabis and the Code: Human Rights Commission releases new policy statement in advance of legalization

On October 11, 2018, the Ontario Human Rights Commission (OHRC) released a new policy statement on cannabis and the Human Rights Code. The policy statement confirms that provincial smoke-free legislation prohibits smoking or vaping cannabis for a recreational or medical purpose in common areas of apartments and condominiums.  The Commission acknowledges that people can smoke, vape or consume edible cannabis for medical or recreational purposes inside apartments and condominiums unless there...

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PIPEDA: New Liabilities for Landlords and Property Managers

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

PIPEDA: New Liabilities for Landlords and Property Managers

As of November 1, 2018, landlords and property managers in Canada will have enhanced obligations to keep records and report data breaches under the Personal Information Protection and Electronic Documents Act (PIPEDA). If you experience a data breach – referred to in the regulation as a “breach of security safeguards”- you will be exposed to new liabilities, including: Mandatory reporting of the breach to the Information and Privacy Commissioner; Mandatory notice to affected...

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Yet another Government change to Rent Control Increase for 2019

Posted in Appraisal, Association News, Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Newsworthy, Tax Law, Tenancy Law

Yet another Government change to Rent Control Increase for 2019

The B.C. government is capping rent increases in the province at the rate of inflation, a move that will drastically cut the maximum annual rent hikes that had been allowed under the old formula. The province dropped the automatic two per cent increase in annual rental costs for renters around the province, starting next year. The increase will now be limited to the annual rate of inflation, which now stands at 2.5 per cent. This comes on the heels of recommendations from the Rental Housing...

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Rental Rates In Canada: Ontario Cities Soar By Double Digits As Vancouver Cools Off

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Finance, Housing, Industry Trends, Newsworthy, Rent Control, Tax Law, Tenancy Law

Rental Rates In Canada: Ontario Cities Soar By Double Digits As Vancouver Cools Off

Ontarians struggling with rising living costs will find little encouragement in the latest rental rates report from rental site Padmapper. Advertised rates for apartments in Toronto have jumped by double digits over the past year, with one-bedroom apartments averaging $2,200 in Padmapper’s September report, up 14 per cent in a year. Two-bedrooms are up 15.6 per cent, to $2,820 on average. Strong rental rate inflation was also seen across many of the Ontario cities covered in the survey,...

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Don’t blame real estate investors for rental market woes

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

Don’t blame real estate investors for rental market woes

Haider-Moranis Bulletin: A deep-dive into Toronto housing data should dispel some myths that have fuelled disdain for investors who make renting possible. Unlike owner-occupied housing, our understanding of rental housing is inadequate at best. Even basic information on the rental market, such as by the type and size of housing and across neighbourhoods, is not readily available. This leaves landlords, investors, and renters make do with incomplete and, at times, dated information. A...

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Condo buyers call for better protections as second major Vaughan condo project killed

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

Condo buyers call for better protections as second major Vaughan condo project killed

There are growing calls for stronger homebuyer protections in the wake of a second major condo cancellation at the Vaughan Metropolitan Centre, this time affecting buyers of 1,633 units in the sold-out Icona buildings that were launched between January and March last year. The project by the Gupta Group at Highway 7 and Edgeley Blvd. was supposed to include the tallest condo in Vaughan at 55 storeys. But this week, the developer sent cancellation letters dated Sept. 14, citing “circumstances...

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Belleville: Housing Crisis Main Theme of Mayoral All-Candidates

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

Belleville: Housing Crisis Main Theme of Mayoral All-Candidates

Belleville Mayoral candidates will face residential landlords in the Quinte region at an upcoming all candidates meeting. The Quinte Region Landlord Association is hosting a Belleville mayoral all candidates meeting on Monday September 24 6:30pm in Belleville. The main theme of the meeting will be the local housing crisis and how landlords are being handcuffed by government policy to improve the situation. “We have a lot of upset members who would like to ask about key municipal issues which...

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