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Rental Housing Business Newsreel

MORE AFFORDABLE HOUSING PROJECTS LAUNCHED IN ATLANTIC CANADA

Posted in Affordable Housing, CMHC, Development, Housing

MORE AFFORDABLE HOUSING PROJECTS LAUNCHED IN ATLANTIC CANADA

Federal funding has provided a significant boost to Atlantic Canada’s affordable housing sector. According to a ConstructConnect report, the national government stated last month that it will be pumping $14.75 million into the construction of a four-storey residential building offering 73 low-cost units in Bedford, Nova Scotia. The Bedford project will be offering rents equal to or lower than 21% of the region’s median household income. Moreover, at least 26 units will have affordable rent...

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RENTS DROP 3% IN CANADA

Posted in Industry Trends, Rental Rates

RENTS DROP 3% IN CANADA

The national average rental rate dropped 3 per cent month over month and 3.4 per cent year over year, according to the March National Rent Report from Rentals.ca and Bullpen Research & Consulting. The average monthly rent in February was $1,823 in Canada as measured by listings data on Rentals.ca. Average monthly rent was down or flat for one-bedroom and two-bedroom homes in most cities, but a few municipalities bucked the trend including Brampton, Kingston, Burnaby and Quebec City....

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CANADA’S COVID-19 ECONOMIC RESPONSE – WHAT’S IN IT FOR LANDLORDS?

Posted in Bylaws / Regulations, Coronavirus, Finance, Health & Safety

CANADA’S COVID-19 ECONOMIC RESPONSE – WHAT’S IN IT FOR LANDLORDS?

The Government of Canada is taking action to help Canadians facing hardship as a result of the COVID-19 outbreak. Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses. Along with other action, the Government is taking these steps which are relevant to many tenants and the rental housing providers who provide their homes. Temporary Income Support for Workers and Parents directly affected Waiving the one-week waiting period...

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CANADA’S COVID-19 ECONOMIC RESPONSE PLAN: SUPPORT FOR CANADIANS AND BUSINESSES

Posted in Bylaws / Regulations, Coronavirus, Finance, Health & Safety, Media Releases, Newsworthy

CANADA’S COVID-19 ECONOMIC RESPONSE PLAN: SUPPORT FOR CANADIANS AND BUSINESSES

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses. Support for Canadians...

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5 ACTIONS PROPERTY MANAGERS CAN TAKE FOR COVID-19

Posted in Coronavirus, Health & Safety, Maintenance

5 ACTIONS PROPERTY MANAGERS CAN TAKE FOR COVID-19

The health and safety of employees, tenants and clients are top priorities for property managers. That means working proactively to protect against COVID-19, the novel coronavirus that is spreading across the globe, is mission-critical. While there are still many unknowns, and the situation remains very fluid, there are several actions property managers can take to reduce risk amidst this disruption. Develop a detailed plan If you don’t already have a detailed response plan, now is the time to...

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RENTAL HOUSING HIT BY RISING INSURANCE COSTS

Posted in Finance, Industry Trends, Insurance

RENTAL HOUSING HIT BY RISING INSURANCE COSTS

B.C. landlords large and small are struggling with big hikes in their insurance premiums, which they say will, in turn, put pressure on renters. There are no reports yet of apartment buildings being hit with insurance rate hikes as extreme as the biggest hitting the strata sector — where some B.C. condo buildings have reported 400 per cent hikes in premiums. But landlords are reporting an average increase around 30 per cent this year. Combined with the B.C. NDP government’s move in 2018 to...

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OTTAWA STEPS UP TO PROP UP ECONOMY AS CANADA STRUGGLES WITH CORONAVIRUS CRISIS

Posted in Coronavirus, Finance, Industry Trends

OTTAWA STEPS UP TO PROP UP ECONOMY AS CANADA STRUGGLES WITH CORONAVIRUS CRISIS

The federal government is adding $10-billion to the credit it makes available to businesses, and the Bank of Canada has announced an emergency rate cut to buttress the economy as it struggles with the coronavirus crisis and plunging oil prices. Bank of Canada Governor Stephen Poloz joined Finance Minister Bill Morneau and Superintendent of Financial Institutions Jeremy Rudin at a news conference on Friday to announce the second steps in Ottawa’s response to the economic fallout from COVID-19....

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ONTARIO RTA REFORMS GIVE RELIEF TO BOTH LANDLORDS AND TENANTS

Posted in Bylaws / Regulations, Legislation

ONTARIO RTA REFORMS GIVE RELIEF TO BOTH LANDLORDS AND TENANTS

The long awaited changes to the Residential Tenancies Act (RTA) were introduced in the Ontario Legislature on March 12 as Bill 184. In Bill 184, the provincial government is seeking to provide some relief to both landlords and tenants. However, anyone who expected a major overhaul of the RTA to make it more landlord-friendly will be sorely disappointed. The big fix everyone needs is for the Landlord and Tenant Board (LTB) to eliminate its delays in processing applications. Over the last two...

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RHB TV SEASON 2 EPISODE 1

Posted in CMHC, Coronavirus, Newsworthy, Vacancy Rates

RHB TV SEASON 2 EPISODE 1

Watch Episode 1 in full next week. Watch Preview By Clicking HERE

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RENTAL MARKET IS STRENGTHENING, WHILE PACE OF INVESTMENT IN MULTI-FAMILY REMAINS SLOW

Posted in Finance, Industry Trends

RENTAL MARKET IS STRENGTHENING, WHILE PACE OF INVESTMENT IN MULTI-FAMILY REMAINS SLOW

Last year was sluggish for large real estate deals in Edmonton, until the final few months, pointing to a mix of caution and optimism regarding the economy and housing, a recent report shows. Altus Group released last month its fourth quarter report for 2019 for commercial real estate transactions in Edmonton, including multi-family. “Most of the year was a continuation of lower sales activity until the boost that was basically received in Q4 (October, November and December) — the majority of...

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