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Rental Housing Business Newsreel

Report paints grim picture of Fukushima-scale nuclear accident in Pickering

Posted in Bylaws / Regulations, Communications, Health & Safety, Housing, Insurance, Newsworthy

Report paints grim picture of Fukushima-scale nuclear accident in Pickering

A Fukushima-scale nuclear incident at Pickering would mean the loss of 154,000 Toronto-area homes for up to 100 years, says an environmental group. A Fukushima-scale meltdown at the Pickering nuclear power plant would exact a devastating human and economic toll on the province, causing 26,000 cases of cancer — nearly half of them fatal — and the evacuation of 154,000 homes in York and Durham regions and east Toronto. Some areas would be uninhabitable for 100 years. Losses from uninsured...

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Lakeview lands sold to developers for $275M

Posted in Appraisal, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Lakeview lands sold to developers for $275M

No details on when the 177-acre site on the Mississauga waterfront will become a mixed-use residential, commercial community. The Lakeview lands in Mississauga have officially been sold to developers for $275 million in the latest step toward the transformation of the city’s waterfront. The 177-acre site, formerly a provincial coal-fired generating station, will be transformed into a sustainable, mixed-use residential community by Lakeview Community Partners, a consortium that includes Argo...

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Top Bank of Canada Deputy Says Rates Are a Blunt Tool for Financial Risks

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

Top Bank of Canada Deputy Says Rates Are a Blunt Tool for Financial Risks

The Bank of Canada’s ability to counter financial stability risks is limited, and policy makers need to do more to strengthen other available tools to combat problems such as high household debt, the central bank’s No. 2 official said. In a speech at a conference about the 2008 financial crisis, Senior Deputy Governor Carolyn Wilkins cited three areas of “unfinished business” that need to be tackled in order to ensure the durability of reforms that have taken place over the past 10 years. One...

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Morneau Says He Wont Be Dogmatic on Bank of Canada Inflation Target

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

Morneau Says He Wont Be Dogmatic on Bank of Canada Inflation Target

Finance Minister Bill Morneau said he’d be open to changes in the Bank of Canada’s 2 percent inflation target when the mandate review comes up in 2021, though the bar for any adjustment remains high. Morneau, speaking to Bloomberg in Buenos Aires, said he hasn’t directly discussed the issue with the central bank, but he’s paying attention to its deliberations. The Bank of Canada has already begun the process of vetting ideas. “We haven’t consciously sat down and thought about changing any part...

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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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Ontario’s best investment hubs this year

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

Ontario’s best investment hubs this year

A new report from independent research think-tank Real Estate Investment Network (REIN) ranked Ontario’s largest metropolitan areas by real estate market performance and suitability for investment over the next 5 years. In terms of growth, diversity, and fundamental strength, Ottawa came out on top of the wide-ranging survey, which looked at multiple factors including economic health, employment numbers, GDP and population growth, housing prices and overall affordability, rent and vacancy...

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Poloz Sees Potential to Fuel Canada Expansion Without Inflation

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

Poloz Sees Potential to Fuel Canada Expansion Without Inflation

Bank of Canada Governor Stephen Poloz said the nation’s economy carries plenty of untapped potential that allows policy makers to prolong an expansion without fueling inflation. Poloz said the nation is at the “sweet spot” of the business cycle where growing demand is actually generating new capacity as companies invest to meet sales, a process he said the Bank of Canada has an “obligation” to nurture. He also estimated there are currently about half a million Canadians who can still be drawn...

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Brookfield Property submits new offer for mall owner GGP: Sources

Posted in Communications, Finance, Newsworthy

Brookfield Property submits new offer for mall owner GGP: Sources

Commercial real estate company Brookfield Property Partners LP (BPY_u.TO 0.57%) has submitted a new offer to take over GGP Inc (GGP.N 0.42%), one of the largest owners and operators of U.S. shopping centers, people familiar with the matter said on Friday. The new bid comes more than three months after a special board committee of GGP rejected a US$14.8 billion cash-and-stock acquisition offer from Brookfield Property, its largest shareholder, as inadequate. Brookfield Property’s new offer has...

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Retail graveyard: Toys ‘R’ Us seeks to avoid becoming latest Canadian victim

Posted in Appraisal, Communications, Employment, Finance, Industry Trends, Newsworthy

Retail graveyard: Toys ‘R’ Us seeks to avoid becoming latest Canadian victim

Toys ‘R’ Us Canada is in search of a buyer in an attempt to save its 82 stores, months after entering CCAA protection in September. California’s MGA Entertainment has emerged as a suitor for the toy retailer; but if a takeover bid fails, Toys ‘R’ Us Canada could face a rocky future in a fast-changing retail landscape that has claimed a growing list of victims. Here’s a look at some of the recent deaths in the Canadian retail sector, and insights from Retail Advisors...

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OEB Review of Submetering Industry

Posted in Appraisal, Association News, Bylaws / Regulations, Communications, Development, Housing, Industry Trends, Newsworthy, Retrofit, Technology, Utility Management

OEB Review of Submetering Industry

In December 2017, the OEB was tasked by the Ministry of Energy to expand existing oversight and regulation of Ontario’s sub-metering industry, including rate regulation. The Sub-Metering Council of Ontario (SCO) is the voice of Ontario’s sub-metering industry and is made up of Ontario’s leading unit sub-metering providers.  The Council includes the following members: Carma, Enercare, Priority, Provident and Wyse. SCO’s position is, save and except for a few minor tweaks, the industry has been...

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