RHB TV: Interview with Benjamin Tal
Don’t miss our exclusive interview with Benjamin Tal as we discuss the current state and future trends of the rental housing market. WATCH NOW!
read moreClimate change, aging population major economic factors in RBC forecast for 2020s
A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from an aging population. “By 2030, Canada’s economy could look significantly different,” says the RBC report released Monday, dubbed Navigating the 2020s. “A country whose economic identity has long been bound to natural resource extraction will accelerate its transformation into a services economy.” An older population will present governments with...
read moreOntario Ombudsman Launches Investigation into Landlord and Tenant Board
Ontario’s ombudsman is launching an investigation into delays at the Landlord and Tenant Board. Paul Dube says case backlogs at the board are getting worse and complaints to the ombudsman’s office about long waits for hearings and decisions are increasing. He says the office received more than 200 complaints about the board in the last fiscal year, and 80 were specifically about delays. Dube says those delays “have a very real human impact,” such as a landlord having to go without needed...
read moreRHB TV EPISODE 5 IS NOW LIVE!
Watch our exclusive interview with Benjamin Tal where we sit down to discuss the current state and future trends of the rental housing market. Ben Myers brings us the latest rental market conditions in Vancouver and Toronto- including results from StatsCan’s “Canadian Household Survey”. Later, we’ll go on location with Jason Cosentino, as he tours G.W.L Realty Advisor’s latest, purpose-built development. We’ll also be bringing you exclusive coverage from the 2019 FRPO MAC...
read moreDevelopers answer the call for housing outside downtown core
Housing affordability is a significant conversation that is taking place across the country, especially in high-density, urban cities. Even as the risk profile for Toronto and Vancouver housing markets have come down to “moderate” levels, the fact remains that the demand hasn’t gone away, and that means that prices are remaining out of reach for many people. British Columbia in particular, is seeing more people choose to live outside of the Vancouver core or being compelled to live in...
read moreRegulations and Statutes in Force as of January 1, 2020
The following legislation and regulation changes come into effect on January 1, 2020. They are listed by responsible ministry: Ministry of Municipal Affairs and Housing Amendments to the More Homes, More Choice Act will: Help increase housing supply by freezing municipal development charge rates at the time a site plan application or zoning amendment application is submitted to a municipality. The rate freeze continues for two years after an application is approved by a municipality....
read moreCMHC head sounds the alarm on housing policies that push up prices
Kevin Carmichael: If all the election campaign promises were kept house prices would jump $16,000 on average, $40,000 in Toronto and $80,000 in Vancouver. On Sept. 12, the first full day of the election campaign, Evan Siddall, president and chief executive of Canada Mortgage and Housing Corp., downed his sword. “For anyone calling for my reactions, it is inappropriate for me to offer comments on policy during an election campaign,” Siddall tweeted on the day the Liberals offered their...
read moreCity council approves 10-year housing plan that includes 40,000 “new affordable” rentals
Toronto city council approved its 10-year housing action plan for 2020 to 2030. The plan addresses multiple issues, from homelessness to affordable rentals, as well as long-term care. According to the city, it will assist more than 341,000 Toronto households. The action plan approved 40,000 new affordable rental homes, “including 18,000 new supportive homes approvals for vulnerable residents, some of whom are homeless or at risk of being homeless, and a minimum of 25% (10,000) new affordable...
read moreOntario landlords aren’t the problem, the Landlord and Tenant Board is
Adam Kitchener is a landlord with properties in Ontario. He has provided affordable housing to over 150 families including 60 refugees. He has also repositioned several large struggling multifamily complexes and works for landlords to provide quality housing across Ontario. Despite what you might have seen In the media, most landlords aren’t raising rents in a get-rich quick scheme. In fact, in today’s rental climate, many landlords of small- to medium-sized properties are barely breaking...
read moreFederal ministers mandate letters released – capital gains review to proceed
On Friday, December 13, 2019, the federal government published the mandate letters given to the new (and re-appointed) cabinet ministers. This CFAA Newsletter addresses the elements of those letters which are the most important to rental housing providers. These fall into three areas, namely housing policy and programs, tax policy and programs and energy regulations and programs. Those areas are addressed by five ministers. The mandate letter to the Minister of Finance strongly suggests that...
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