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Association News

NOVA SCOTIA MEDIA RELEASES

Posted in Association News, Housing, Industry Trends, Media Releases, Newsworthy

NOVA SCOTIA MEDIA RELEASES

New attack on rental property owners coming from insurance companies Nova Scotia investment rental property owners under attack from politicians and activist groups are now facing their best-financed opponent yet: insurance companies. “Costs to own and operate rental properties are going up and up and up, with insurance rates the latest pain point, with no help or support from government,” said Kevin Russell, executive director of the Investment Property Owners Association of Nova Scotia...

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SOLO: WORKING TOGETHER TO HELP SMALL LANDLORDS

Posted in Association News, Industry Trends, Newsworthy

SOLO: WORKING TOGETHER TO HELP SMALL LANDLORDS

Back in March 2020, Premier Doug Ford declared a state of emergency due to the pandemic. In addition to imposing lockdowns and other restrictions, he publicly stated, “If you can’t pay rent, and you’re just in an absolute crisis, then you don’t have to pay rent.” He did add “if you have a job, then we expect you to pay rent,” but as far as small landlords across Ontario were concerned, the damage was already done. This statement – and the moratorium on evictions – created serious financial and...

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REGISTER FOR THE OPERATIONS ROUNDTABLE

Posted in Association News, Coronavirus, Events, Industry Trends, Insurance, Newsworthy, Rental Rates, Suite Renovations

REGISTER FOR THE OPERATIONS ROUNDTABLE

The Operations Roundtable will take place this Thursday (May 13) from 3:00 to 4:00 pm* EDT. *(12:00 to 1:00 pm PDT, 1:00 to 2:00 pm MDT/CST, 2:00 to 3:00 pm CDT, 4:00 to 5:00 pm ADT) The event will open at 2:30 pm EDT, and will remain open until 5:00 pm EDT, to allow for additional networking with attendees, sponsors and the panelists. Panelists: Ruth Buckle, Senior Vice President, Property Management, Killam Apartment REIT Trish MacPherson, Partner, Alignvest Student Housing REIT Brandi...

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BENJAMIN TAL SHARES AN EXCLUSIVE LOOK ON THE ECONOMY

Posted in Association News, Finance, Industry Trends, Newsworthy

BENJAMIN TAL SHARES AN EXCLUSIVE LOOK ON THE ECONOMY

As governments continue rolling out the vaccine and the country heads towards reopening, it’s important we get a good financial picture. Recently, Benjamin Tal, Deputy Chief Economist for CIBC World Markets, gave an insightful presentation to kick off the 2021 CFAA Virtual Rental Housing Conference. Benjamin explained that Canada is starting from behind economically, compared to the US. Our economy is doing worse during the pandemic than the US, due to Canada’s tighter restrictions to reduce...

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GOVERNMENTS NEED TO MAKE THE TAX AND DEVELOPMENT CLIMATE BETTER FOR RENTAL INVESTMENT

Posted in Affordable Housing, Association News, CMHC, Coronavirus, Development, Industry Trends, Newsworthy, Rent Control, Vacancy Rates

GOVERNMENTS NEED TO MAKE THE TAX AND DEVELOPMENT CLIMATE BETTER FOR RENTAL INVESTMENT

According to CMHC, the average rental vacancy rate in major centres across Canada increased from 2.0% in October 2019 to 3.2% in October 2020. According to CFAA’s members, vacancy rates generally increased in the city centres and university towns, while staying flat in suburbs and in smaller centres which do not serve universities or colleges. CFAA President, John Dickie, says, “Despite the increase in vacancy rates due to COVID-19, there remains an underlying shortage of rental housing,...

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HDAA PRESIDENTIAL ANNOUNCEMENT

Posted in Association News, Media Releases, Newsworthy

HDAA PRESIDENTIAL ANNOUNCEMENT

After nearly two decades as the President of the HDAA, Arun Pathak has decided it is time to step down as President of the assocation. Arun has been instrumental in shaping the association over the years and has been a strong advocate for housing providers not only locally but provincially and federally as well. We are very fortunate to have had him leading the association over these many years. We are excited to announce that Tina Novak will be taking over the role of President of the...

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RHBTV SEASON 2 EPISODE 16

Posted in Association News, CMHC, Coronavirus, Finance, Industry Trends, Newsworthy, Rent Control, Rental Rates, Vacancy Rates

RHBTV SEASON 2 EPISODE 16

We sit down with Rena Malkah, President of CYR Funding who details changes to CMHC’s mortgage insurance along with available private financing options. Kevin Russell, Executive Director – IPOANS, who answers questions about rent control and updates us on the Halifax market. Lastly, an Angus Reid Survey on Isolation, Loneliness and Covid-19 – how the Pandemic leads to sharp increases in mental health challenges and social woes. WATCH...

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TECHNOLOGY TIPS FOR RENTAL HOUSING PROVIDERS UNDER COVID-19

Posted in Association News, Coronavirus, Industry Trends, Newsworthy, Technology

TECHNOLOGY TIPS FOR RENTAL HOUSING PROVIDERS UNDER COVID-19

Over Zoom, CFAA recently hosted a panel addressing “Technology Updates for COVID-19 and beyond”, with different perspectives, under the skilled moderation of Darren Henry, of National Efficiency Systems. Dean Holmes from QuadReal represents a large owner-manager. Paul Smith from DMS is a fee manager with 60 separate clients, who have different tastes in reporting and technology use. Heather Brady from Yardi brought the perspective of a leading technology supplier. The initial COVID-19...

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A TALE OF TWO CITIES WITHIN EACH CITY: RENTAL ISSUES UNDER COVID-19

Posted in Association News, Coronavirus, Industry Trends, Newsworthy, Student Housing

A TALE OF TWO CITIES WITHIN EACH CITY: RENTAL ISSUES UNDER COVID-19

Thanks to COVID-19, rental demand has followed two different paths. Rental demand is down for high-end apartments in the downtown core of Canada’s major centres; whereas, so far, it is largely stable in suburban markets and in secondary and tertiary markets, except for those markets dependent on universities which have not returned to live instruction. Those observations come from the Operations Roundtable held as part of CFAA’s Fall 2020 webinar series. The panelists were Ruth Buckle, Senior...

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INVESTMENT PROPERTY OWNERS ASSOCIATION SAYS RENT CONTROL DOESN’T WORK

Posted in Affordable Housing, Association News, Housing, Industry Trends, Newsworthy, Rent Control

INVESTMENT PROPERTY OWNERS ASSOCIATION SAYS RENT CONTROL DOESN’T WORK

The Investment Property Owners Association of Nova Scotia says rent control is not the solution to HRM’s lack of affordable housing. Kevin Russell is the group’s executive director, and tells News 95.7’s the Todd Veinotte Show, research around the world shows rent control doesn’t work. “It stifles investment in investment properties for residential units… and when rent control is in a jurisdiction investors pull out and move to another jurisdiction and this...

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