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Affordable Housing

TENANT GROUP, NEW OWNERS SQUARE OFF OVER VANIER ‘RENO-VICTIONS’

Posted in Affordable Housing, Evictions, Housing, Landlord and Tenant Board, Newsworthy, Renovations, Tenancy Law

TENANT GROUP, NEW OWNERS SQUARE OFF OVER VANIER ‘RENO-VICTIONS’

A group of holdout tenants from two Vanier apartment blocks say they’re being unfairly “reno-victed” from their homes by the buildings’ new owners. The owners, however, say they’ve done their best to accommodate tenants and that the buildings were infested with rodents and bed bugs and had been flagged by the Ontario Fire Marshal for “numerous fire safety issues.” Several of the residents have lived in the two six-unit buildings at 249 and 253 Pères-Blancs Avenue for more than 30 years.Mark...

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AS COVID EASES, RENTAL PRICES RISE IN CALGARY AND OTHER CITIES

Posted in Affordable Housing, Coronavirus, Industry Trends, Newsworthy, Rental Rates

AS COVID EASES, RENTAL PRICES RISE IN CALGARY AND OTHER CITIES

The average rental price of homes in Calgary rose in June, following similar trends in most major markets across Canada. The median monthly rental price for a single-bedroom unit in the city grew by 1.9 per cent in June to an average of $1,239. The average two-bedroom unit grew by 0.5 per cent to $1,537, according to a report released this week by Rentals.ca and Bullpen Research and Consulting. Paul Danison, a spokesman for Rentals.ca, said with COVID-19 cases dropping, restrictions easing and...

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NEW CMHC CEO SAYS BEST WAY TO COMBAT SOARING HOME PRICES IS BUILDING NEW HOUSING

Posted in Affordable Housing, CMHC, Housing, Industry Trends, Newsworthy

NEW CMHC CEO SAYS BEST WAY TO COMBAT SOARING HOME PRICES IS BUILDING NEW HOUSING

The new leader of Canada’s national housing agency says the best way to combat soaring home prices is to build more housing. In some of her first public comments since taking the helm of Canada Mortgage and Housing Corp. in April, Romy Bowers said she is concerned about the spike up in home prices over the past year and the level of homeowner indebtedness. Anger about soaring house prices could influence Canadian politics, civility between generations and even mental health “I do think housing...

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ROOMING HOUSES COULD BE LEGALIZED TORONTO-WIDE AS EARLY AS NOVEMBER 2022, CITY REPORT SAYS

Posted in Affordable Housing, Housing, Industry Trends, Legal, Newsworthy

ROOMING HOUSES COULD BE LEGALIZED TORONTO-WIDE AS EARLY AS NOVEMBER 2022, CITY REPORT SAYS

After more than a decade of debate, Toronto could legalize and regulate rooming houses city-wide — with a cap of six rooms in most areas — by as early as fall of 2022, a new report says. Right now, rooming houses, which are also known as multi-tenant or dwelling houses, can only legally operate in the former cities of Toronto, Etobicoke and York. In York, they don’t require a licence. And despite bans in other areas like Scarborough, many homes operate illegally. In the report, staff point to...

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HOUSING SHORTAGE: STOP PENALIZING INVESTORS

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Rental Rates, Vacancy Rates

HOUSING SHORTAGE: STOP PENALIZING INVESTORS

As a result of the shortage of affordable housing in Montreal, certain voices have been calling on the government to freeze rents. While the intention behind this request is laudable, as a practical matter, it misses the mark. Such a measure would have negative consequences for low-income households, and would only end up making Montreal’s housing crisis worse. Let’s recap some basic economic principles. When there’s a shortage of something, it’s because the quantity demanded exceeds the...

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REAL ESTATE PRICES IN CANADA WILL GO UP WITH SOCIAL HOUSING INITIATIVES SAYS ECONOMIST

Posted in Affordable Housing, Development, Housing, Industry Trends, Newsworthy, Zoning

REAL ESTATE PRICES IN CANADA WILL GO UP WITH SOCIAL HOUSING INITIATIVES SAYS ECONOMIST

While advocacy group ACORN is asking the City Of Toronto to use Inclusionary Zoning (IZ) to push for more social housing, economists from a Montreal think tank are arguing against the implementation of such measures in municipalities across Canada, citing soaring real estate prices. A report by ACORN published June 19 called Inclusionary Zoning In Toronto is advocating for the City Of Toronto to utilize IZs to mandate new condo developments set aside at least 20 to 30 per cent of their units...

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AFFORDABLE HOUSING POLICY MISSES THE MARK, SAYS BILD

Posted in Affordable Housing, Development, Housing, Industry Trends, Newsworthy, Zoning

AFFORDABLE HOUSING POLICY MISSES THE MARK, SAYS BILD

Increased costs to purchasers and a decreased new housing supply due to “market distortions” could be the result of a City of Toronto’s flawed approach to inclusionary zoning, says the Building Industry and Land Development Association (BILD) in a new report released earlier this week. Inclusionary zoning is a planning tool that allows municipalities to require builders and developers to devote a certain percentage of new residential units within a given project to be set aside for affordable...

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CITIES SHOULD REDO PLANNING, PERMITTING TO ALIGN WITH HOUSING STRATEGY, MINISTER SAYS

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy

CITIES SHOULD REDO PLANNING, PERMITTING TO ALIGN WITH HOUSING STRATEGY, MINISTER SAYS

The federal minister in charge of affordable housing says he would like municipalities to reshape local rules to more quickly build units through the government’s national housing strategy. Social Development Minister Ahmed Hussen said some cities and towns have already started to align their permitting and planning process with the federal strategy, but adds many have not. He said it would be key to boosting the supply of housing and rental units that should ease costs fuelled by rising...

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CONDO DEVELOPER PLANS TO BUY $1 BILLION WORTH OF SINGLE-FAMILY HOUSES IN CANADA FOR RENTALS

Posted in Affordable Housing, Development, Housing, Industry Trends, Newsworthy, Rental Rates, Vacancy Rates

CONDO DEVELOPER PLANS TO BUY $1 BILLION WORTH OF SINGLE-FAMILY HOUSES IN CANADA FOR RENTALS

A Toronto condo developer is buying hundreds of detached houses in Ontario, with the plan of renting them and profiting on the housing crisis ripping across the country. Core Development Group Ltd. is building a large-scale single-family home rental operation, an unproven business model in Canada, where the market is fragmented and individual investors lease a small number of their own properties for income. Institutional house rentals have become highly lucrative in the United States, with...

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COMMISSION RECOMMENDS AGAINST RENT CONTROL, URGES $25 MILLION IN SPENDING TO START SOLVING AFFORDABLE HOUSING CRISIS

Posted in Affordable Housing, Development, Housing, Industry Trends, Newsworthy, Rent Control, Zoning

COMMISSION RECOMMENDS AGAINST RENT CONTROL, URGES $25 MILLION IN SPENDING TO START SOLVING AFFORDABLE HOUSING CRISIS

The group tasked with identifying solutions to Nova Scotia’s affordable housing crisis has recommended the government immediately spend at least $25 million to start to turn things around. And if all of its recommendations are followed, the long-term outcome will be better than rental control, the group argued. The Nova Scotia Affordable Housing Commission was struck in November, co-chaired by Ren Thomas, a Dalhousie University planning professor, and Eiryn Devereaux, deputy minister of the...

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