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Rental Housing Business Newsreel

TAX DEFERRAL ON REINVESTMENT

Posted in Association News, Legislation

TAX DEFERRAL ON REINVESTMENT

TAX DEFERRAL ON REINVESTMENT– FACTS AND RECOMMENDATIONS Under the current Canadian federal income tax rules, when a rental real estate property is sold, the owner must pay tax on the recaptured CCA (at up to 48%) and on any nominal capital gains (at up to 24%). Capital gains are not adjusted first for inflation, and therefore much of any gain may be eaten up by inflation, even before the tax is applied. Due to the tax impact, an even trade of properties of the same value is not possible. The...

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Housing Policy in Areas of High Temporary Accommodation Demand

Posted in Association News, Housing

Housing Policy in Areas of High Temporary Accommodation Demand

CFAA POLICY STATEMENT Housing Policy in Areas of High Temporary Accommodation Demand Municipalities may sometimes experience a temporary spike in demand for accommodation, due to a City holding a World Fair, or a special event like the Olympic Games, for example. Public policy makers can become concerned about the impact on rental housing and may consider conversion controls or stricter rent or price controls. This policy statement suggests that a more effective policy response is to allow the...

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Housing Policy in Areas of Significant Growth

Posted in Association News, Housing

Housing Policy in Areas of Significant Growth

Housing Policy in Areas of Significant Growth – Positive Measures In areas of rapid economic growth, sudden increases in the demand for housing can result in housing shortages, price increases and rent increases. This policy statement addresses that situation. The most appropriate policy response is to allow the housing market to operate as freely as possible. Eliminating or reducing restrictions on housing supply will allow a rapid increase in supply. That will produce more housing,...

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Portable housing allowances

Posted in Association News, Housing

Portable housing allowances

What do various organizations say about housing allowances? Portable housing allowances are advocated by the following organizations from all sides of the housing and poverty debate: Federation of Canadian Municipalities: “A shelter allowance is needed for working poor households – without forcing them first to enter the income assistance system.” (Moving Forward: Refining the FCM Recommendations for a National Affordable Housing Strategy, October, 2004) “The analysis of...

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Government of Canada helps

Posted in Association News, CMHC, Development, Housing

Government of Canada helps

FOR IMMEDIATE RELEASE Government of Canada helps lower the cost of housing Conservative Housing and Construction Caucus applauds new initiative to help lower the cost of housing Ottawa – November 21, 2013 — The Conservative Housing and Construction Caucus (CHCC) is applauding an announcement made today the Honourable Candice Bergen, Minister of State for Social Development, about new changes that will help support a number of existing social housing projects when their operating...

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Government of Canada continues to help lower the cost of housing

Posted in Association News, CMHC, Housing, Rent Control

Government of Canada continues to help lower the cost of housing

Government of Canada continues to help lower the cost of housing VANCOUVER – November 21, 2013 — Today, the Honourable Candice Bergen, Minister of State for Social Development announced changes that will help support a number of existing social housing projects when their operating agreements mature. “Our Government is focused on helping vulnerable Canadians lift themselves out of poverty and lead successful lives,” said Minister Bergen. “Since 2006, in working with our partners, we’ve...

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MANITOBANS INVITED TO HELP SHAPE THE FUTURE OF POWER SMART

Posted in Association News, HVAC / Mechanical, Media Releases, Technology, Utility Management

MANITOBANS INVITED TO HELP SHAPE THE FUTURE OF POWER SMART

News Release – Manitoba November 21, 2013 MANITOBANS INVITED TO HELP SHAPE THE FUTURE OF POWER SMART THROUGH PUBLIC CONSULTATIONS Saving More Power Means Saving More Money for Manitoba Families, Businesses; Helps Ensure Supply When Needed: Minister Struthers Municipal Government Minister Stan Struthers, minister responsible for Manitoba Hydro, is inviting the public to help Manitoba Hydro do more through its Power Smart programs to save families and businesses money at the same time as...

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Spring HOPE Food Drive collects 118,000 pounds of food

Posted in Association News

Spring HOPE Food Drive collects 118,000 pounds of food

EASTERN ONTARIO LANDLORD ORGANIZATION News Release May, 2013 Spring HOPE Food Drive collects 118,000 pounds of food The Spring HOPE Food Drive is an annual event organized by rental housing industry associations across Canada to collect donations for local food banks at a time of high need. After all of the generous donations at Christmas time, many local food banks find their shelves are almost bare by early spring. The Spring HOPE Food drive has grown over the years to become the largest...

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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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