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RENTAL HOUSING AND EVICTIONS

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

RENTAL HOUSING AND EVICTIONS

The Globe and Mail, in partnership with Canada Mortgage and Housing Corporation (CMHC) hosted a virtual event on September 16 to discuss the path forward for Canada’s rental housing market. Here are some of the highlights from the discussion: Rentals are key to affordable housing CMHC has set a goal to provide all Canadians with housing they can afford by 2030, said Romy Bowers, senior vice-president of client solutions with CMHC. In cities such as Toronto and Vancouver home ownership is less...

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STEEP INCREASES STIR UP CALLS FOR RENT CONTROL IN NOVA SCOTIA

Posted in CMHC, Industry Trends, Rent Control, Rental Rates

STEEP INCREASES STIR UP CALLS FOR RENT CONTROL IN NOVA SCOTIA

Amber Lane’s living expenses jumped on Sept. 1. She wasn’t shocked when her landlord slipped a notice of rent increase under her door about four months ago. The cost of her two-bedroom apartment in north-end Halifax has risen several times over the past 11 years, but until this year, the changes had been incremental. “I do understand that the cost of living does go up, but before it was always reasonable, say $25, $50 a year.” At the start of this month, her rent...

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LARGEST SINGLE INVESTMENT IN AFFORDABLE HOUSING IN OTTAWA

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

LARGEST SINGLE INVESTMENT IN AFFORDABLE HOUSING IN OTTAWA

Every Canadian deserves a safe and affordable place to call home. That is why the Government of Canada is partnering with the City of Ottawa, and the Ottawa Community Housing Corporation (OCH) to build hundreds of new affordable housing across 3 sites, comprising of a total of 4 buildings in Ottawa. The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), the Honourable Catherine McKenna,...

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NORTHWEST TERRITORIES EXTENDING RENTAL ASSISTANCE PROGRAM

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

NORTHWEST TERRITORIES EXTENDING RENTAL ASSISTANCE PROGRAM

The Northwest Territories government is extending the Transitional Rent Supplement Program until the end of November. The program provides between $100 to $500 a month to residents with low to modest income whose shelter costs are unaffordable. “The Transitional Rent Supplement Program is a good resource for those residents struggling to pay their rent, not working or working less. In these times of economic uncertainty, it is critical that we continue to look for ways to support our residents...

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BYLAW CHANGES TO ADD FLEXIBILITY FOR RENTALS IN BURNABY ‘URBAN VILLAGES’

Posted in Affordable Housing, Bylaws / Regulations, CMHC, Development, Industry Trends, Newsworthy

BYLAW CHANGES TO ADD FLEXIBILITY FOR RENTALS IN BURNABY ‘URBAN VILLAGES’

Property owners in Burnaby’s “urban villages” may soon be able to build rental housing above shops without needing to go through the lengthy rezoning process. City council gave staff approval recently to move forward on a zoning bylaw amendment to conform with the rental use zoning policy, which was given final approval earlier this year, along with a few amendments. The policy requires developers in multi-family districts to include a significant number of below-market rental units – defined...

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CMHC: CANADIAN HOUSING STARTS UP 16% IN JULY

Posted in CMHC, Coronavirus, Development, Industry Trends, Newsworthy

CMHC: CANADIAN HOUSING STARTS UP 16% IN JULY

Housing starts nationwide climbed by almost 16% monthly in July, significantly outstripping economists’ predictions, according to latest data from the Canada Mortgage and Housing Corporation. On a seasonally adjusted basis, the annual rate of housing starts increased from 212,095 in June to 245,604 in July. Refinitiv’s earlier polling of economists has pegged the July annual rate at 210,000. Multiple-unit housing urban starts – including apartments, condos, and others – went up by 18.8% to...

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GOVERNMENT IS WHY HOUSING IN CANADA IS UNAFFORDABLE AND MORE TAXES WON’T HELP

Posted in Affordable Housing, CMHC, Development, Housing, Industry Trends, Newsworthy, Rent Control, Rental Rates, Tax Law

GOVERNMENT IS WHY HOUSING IN CANADA IS UNAFFORDABLE AND MORE TAXES WON’T HELP

The Canada Mortgage and Housing Corporation (CMHC) is giving $250,000 to Generation Squeeze, an advocacy organization for young Canadians, to research ways to improve housing affordability. The group stated it will focus on “wealth generated by rising home values,” which incited fears the government is considering a home equity tax on the capital gains generated when Canadians sell their homes. But more taxes won’t increase affordability. If the government really wants to know why housing is...

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HOUSING CONSTRUCTION TAKES A HIT

Posted in CMHC, Coronavirus, Development, Housing, Industry Trends, Newsworthy

HOUSING CONSTRUCTION TAKES A HIT

COVID-19 has stalled just about every element of the economy and the housing construction component is no exception. And according to the Canada Mortgage and Housing Corporation, housing starts slowed down more significantly in Manitoba that just about any other province in the country. But there is a general consensus among industry officials in Winnipeg that the severe decline in housing starts — a 47 per cent drop from April to May and 58 per cent comparing May 2020 to May 2019 — has a lot...

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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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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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