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Ottawa helps tenants and landlords on property taxes

Posted in Association News, Legal, Tax Law

Ottawa helps tenants and landlords on property taxes

EASTERN ONTARIO LANDLORD ORGANIZATION News Release September 23 , 2013 Ottawa helps tenants and landlords on property taxes As EOLO reported in March, Ottawa residential properties (including single family homes) saw total assessment increases averaging 26%. Multi-residential properties (“multi-res” of more than six units on a single roll number) went up an average of 52%. City Council could have allowed that value shift to push up taxes for properties in the multi-res class, even though the...

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City of Ottawa Lobbyist Registry

Posted in Association News, Bylaws / Regulations, Legal, Legislation, Professional Services

City of Ottawa Lobbyist Registry

EASTERN ONTARIO LANDLORD ORGANIZATION News Release September 23, 2013 City of Ottawa Lobbyist Registry The City of Ottawa Lobbyist Registry has been in place for a year now. The registry requires certain communications between business people (including rental housing executives and employees) and City Councillors or staff to be reported. What should you report? Lobbying activities that are designed to have an impact on city decisions affecting by-laws, programs or contract need to be...

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New Ottawa garbage enforcement practices

Posted in Association News, Legislation

New Ottawa garbage enforcement practices

EASTERN ONTARIO LANDLORD ORGANIZATION News Release September 23 , 2013 New Ottawa garbage enforcement practices Garbage collection is quite a challenge for many landlords of both low-rise and high-rise buildings. The challenge is getting worse, and the risk of City fines or charges is getting more serious. To promote organic re-cycling and extend the life of the landfill, City Council recently reduced curbside residual garbage collection from once every week to once every two weeks. That...

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Eastern Ontario Landlord Organization – Rent Reduction

Posted in Association News, Rent Control

Eastern Ontario Landlord Organization – Rent Reduction

EASTERN ONTARIO LANDLORD ORGANIZATION News Release September 23, 2013 Applications to vary rent reductions The City of Ottawa will be mailing out notices of rent reduction to about 13,000 rental units in October or November of this year. Notices will go out to the affected landlords in September. The notices will state the percentage rent reduction which will be required unless the landlord applies to vary the reduction. A landlord may want to apply to vary the rent reduction for one or more...

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Housing affordability

Posted in Association News, Housing

Housing affordability

CFAA HOUSING POLICY STATEMENT Addressing housing and the needs of the homeless across Canada is a key issue for community leaders and policy-makers. Making sound decisions on housing policies depends on an understanding of housing markets and of Canadians’ needs and preferences. Housing affordability Expectations about the price at which housing can be built or rented must be reasonable. Because it is new, newly-built housing cannot be affordable without substantial subsidies. New housing has...

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CFAA advocates direct assistance for low-income tenants

Posted in Association News, Housing, Retrofit

CFAA advocates direct assistance for low-income tenants

August 2013 For this year’s federal pre-budget submissions, the House of Commons Standing Committee on Finance asked interested parties to propose between up to three recommendations. The Canadian Federation of Apartment Associations recommended: 1. Tax deferral on the sale of rental property and reinvestment in other property 2. Encouraging major building retrofits to save energy through improved tax treatment 3. Use of the savings from the expiry of the social housing operating agreements to...

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BALANCING INCENTIVES BETWEEN HOME OWNERSHIP AND RENTAL HOUSING

Posted in Association News, Housing

BALANCING INCENTIVES BETWEEN HOME OWNERSHIP AND RENTAL HOUSING

POLICY STATEMENT Addressing housing and the needs of the homeless across Canada is a key issue for community leaders and policy-makers. Many Canadians choose to rent their housing for a variety of reasons. For many low-income Canadians, renting is the cost-effective way for them to obtain suitable and adequate housing. However, for many years in Canada, public policies at all levels of government have promoted homeownership. Those policies and programs include the following: • tax-free status...

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Skyline Apartment REIT Acquires New Properties!

Posted in Newsworthy

Skyline Apartment REIT Acquires New Properties!

On Friday, October 4th, 2013, Skyline Apartment REIT made its first purchases in the city of Sarnia, ON.           The first property, at 200 London Road, is comprised of 49 units and had a purchase price of $2.8 million. The property has lots of surrounding green space and is minutes from Lambton Mall. The second property, at 1100 Wellington Street, is comprised of 29 units and was purchased for $1.4 million. The property is a short distance from the city’s waterfront (with Port Huron,...

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CAPREIT Announces Continuing Strong and Accretive Growth in Third Quarter 2013

Posted in Newsworthy

CAPREIT Announces Continuing Strong and Accretive Growth in Third Quarter 2013

Significant Portfolio Growth Strengthens Portfolio Diversification and Enhances Risk Profile  Company Release – 11/05/2013 17:09 (November 2013) —   Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT“) (TSX: CAR.UN) announced today strong operating and financial results for the three and nine months ended September 30, 2013.   Three Months Ended Nine Months Ended September 30 September 30 2013 2012 2013 2012...

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Centurion Apartment REIT Announces Pending Acquisition of a Newly Built Luxury Apartment Property

Posted in Newsworthy

Centurion Apartment REIT Announces Pending Acquisition of a Newly Built Luxury Apartment Property

11/14/2013 Centurion Apartment REIT is pleased to announce the pending acquisition of a newly built luxury apartment property in Toronto. The property contains 23 condominium quality suites ranging in size from 939 to 2,050 square feet and is located at 3443 Bathurst Street in Toronto.   It is anticipated that the acquisition will close in or around mid December 2013.

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