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Communications

Airbnb’s $30 Billion Listing Must Do More for Cities

Posted in Appraisal, Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Insurance, Legal, Legislation, Newsworthy, Real Estate Law, Tenancy Law

Airbnb’s $30 Billion Listing Must Do More for Cities

Which would you prefer: cheaper rent or a cheaper holiday rental? I’d wager heavily that most people would answer “rent.” It’s a bigger slice of personal spending. Short-term accommodation accounted for just 1% of U.S. household budgets in 2016, compared to the 16% spent on housing, according to analysis from the Economic Policy Institute, a think tank based in Washington, D.C. The rise of the sharing economy means the prices of both are linked more than ever. Airbnb Inc., which revolutionized...

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GTA New Toronto shelters being built to convert to housing, city staff says

Posted in Bylaws / Regulations, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

GTA New Toronto shelters being built to convert to housing, city staff says

Toronto’s new emergency shelters are being built to evolve, according to the city division in charge of expanding the system. “We are designing with housing in mind,” said Mary-Anne Bédard, general manager of shelter, support and housing administration, speaking before economic and community development committee at city hall on Tuesday. “We are building shelters that are focused on room sizes and configurations that can be easily and without a lot more investment (be converted to) independent...

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Licensing Saskatoon landlords unlikely, but rental issues persist

Posted in Bylaws / Regulations, Communications, Housing, Industry Trends, Legal, Legislation

Licensing Saskatoon landlords unlikely, but rental issues persist

City council committee endorses more education and improved enforcement. Saskatoon seems likely to pass on requiring landlords to obtain a licence, but city hall is still struggling with how to address problem rental properties. A city council committee backed a strategy Tuesday to educate landlords and tenants and ramp up enforcement of property maintenance complaints, even though some questioned whether it will be effective. Mayor Charlie Clark said he’s not convinced the strategy will...

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2020 Canadian Property Assessment Appeal Deadlines

Posted in Appraisal, Bylaws / Regulations, Communications, Finance, Housing, Newsworthy

2020 Canadian Property Assessment Appeal Deadlines

Take the time to review your property assessment when it arrives and download the 2020 Canadian Property Assessment Appeal Deadlines to track key deadlines in your region. Why should you review? Property taxes can be a significant cost to your business. The only way to ensure your taxes are fair and equitable is to review your assessment notice. You will then have a limited amount of time to appeal the assessed value of your property which can, in turn, lower the amount of property taxes owed....

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Landlords threatening class action lawsuit against government if reforms not made

Posted in Bylaws / Regulations, CMHC, Communications, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy

Landlords threatening class action lawsuit against government if reforms not made

‘It’s ridiculous now. It’s crazy, It’s totally broken down’ Landlords in Ontario are losing patience with lengthy delays at the governing board which oversees the industry, and is ready to go to court to get changes, John Wilson is on the steering committee for the Affordable Housing Providers of Ontario, which is an umbrella organization representing landlord associations across Ontario. H says his group submitted suggestions in June to the government to reform...

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You can provide input into Federal Budget 2020 – Act now

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Housing, Industry Trends, Newsworthy

You can provide input into Federal Budget 2020 – Act now

Finance Minister Morneau has announced a limited pre-budget consultation. Here is the link. To have your say, you are best to act this week, or at least by Friday, January 24. Main Concerns and Priorities For Budget 2020, CFAA’s main concern is that the government might increase taxes on rental housing. The government plans to review the capital gains inclusion rate. The government is also considering limiting the interest that can be deducted against business income. That could be a serious...

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2020 rents will increase to start decade of tighter rental market

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Newsworthy, Rent Control, Tenancy Law

2020 rents will increase to start decade of tighter rental market

Experts call for creative, collaborative solutions to rising rents, affordability, lower vacancy rates Rents will continue to climb in 2020 in major metropolitan areas in Canada, but while the increases won’t be as much as the last few years, finding the right rental will continue to be a challenge, according to housing experts from around the country.  The average rental rates will increase by 3 per cent year over year on a national basis in 2020, according to the December National Rent...

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RHB TV: Interview with Benjamin Tal

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends

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!

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New Chief at Omers Sees Canada Pensions as ‘Envy of the World’

Posted in Communications, Development, Housing, Industry Trends, Newsworthy

New Chief at Omers Sees Canada Pensions as ‘Envy of the World’

The new head of Ontario Municipal Employment Retirement System is feeling pretty confident about the pension fund’s ability to find pockets of value this year. “The Canadian pension plans are the envy of the world in so many ways,” Blake Hutcheson said in an interview with BNN Bloomberg. “It’s been made okay to own platforms and buy and scale companies giving us tremendous competitive advantage. It’s been made okay to put teams together and pay them properly to compete with the best of the...

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Climate change, aging population major economic factors in RBC forecast for 2020s

Posted in Bylaws / Regulations, Communications, Finance, Health & Safety, Industry Trends, Newsworthy, Utility Management

Climate 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...

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