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Coronavirus

CANADA CANCELLING WAGE SUBSIDY, ANNOUNCES $7.4B IN NEW COVID-19 SUPPORTS

Posted in Coronavirus, Finance, Industry Trends, Newsworthy

CANADA CANCELLING WAGE SUBSIDY, ANNOUNCES $7.4B IN NEW COVID-19 SUPPORTS

The federal government is spending $7.4 billion to extend and create new COVID-19 supports for hard-hit businesses and workers that will carry into the spring. Deputy Prime Minister and Finance Minister Chrystia Freeland said on Thursday that as of Oct. 23, new measures will be put in place to replace the broad Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS), which expire on Saturday. The government said it has paid out more than $95 billion to date to help...

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HOW TRUDEAU WASTED A CHANCE TO SPARK CANADIAN ECONOMIC GROWTH DURING THE PANDEMIC

Posted in Coronavirus, Finance, Industry Trends, Newsworthy, Politics

HOW TRUDEAU WASTED A CHANCE TO SPARK CANADIAN ECONOMIC GROWTH DURING THE PANDEMIC

Paul Romer coined the phrase “a crisis is a terrible thing to waste” back in 2004. “I tried to suggest that there is a risk of complacency in ordinary times and that a crisis is the time when you might be able to mobilize some coordinated efforts to do better,” the Nobel Prize-winning economist said in an interview with the National Post this week. Romer is heading to Ottawa later this month to talk about stimulating economic growth at a summit organized by the Coalition for a Better Future, a...

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SCHOOLS TURN THEIR SIGHTS TO INCREASED VENTILATION

Posted in Coronavirus, Health & Safety, HVAC / Mechanical, Industry Trends, Newsworthy

SCHOOLS TURN THEIR SIGHTS TO INCREASED VENTILATION

School boards received $700M for facility improvements, but are kids returning to healthier schools? Ontario schools have definitely had their share of ups and downs. From student cohorts, to online learning, the 2020/2021 school year proved to be a roller-coaster of new experiences. As parents and students adapted to a myriad of public health measures, including facemasks and social distancing, school facilities were faced with unprecedented operational challenges. From the onset of the...

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HOUSTON DOESN’T SEE SCENARIO WHERE RENT CONTROL WOULD CONTINUE PAST STATE OF EMERGENCY

Posted in Coronavirus, Industry Trends, Newsworthy, Rent Control

HOUSTON DOESN’T SEE SCENARIO WHERE RENT CONTROL WOULD CONTINUE PAST STATE OF EMERGENCY

Nova Scotia’s premier-designate said Monday he remains committed to removing rent control put in place by the Liberal government after the province’s state of emergency is lifted, though it’s unclear when that will be. Speaking at a COVID-19 briefing, Tim Houston reiterated his position from the provincial election campaign, saying a Progressive Conservative government will put an end to the annual rent increase cap of two per cent. “I don’t see a scenario with...

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TRUDEAU TAKES GAMBLE, CALLS ‘PIVOTAL’ SNAP ELECTION FOR SEPT. 20

Posted in Coronavirus, Industry Trends, Newsworthy, Politics

TRUDEAU TAKES GAMBLE, CALLS ‘PIVOTAL’ SNAP ELECTION FOR SEPT. 20

Canadian Prime Minister Justin Trudeau on Sunday called an early election for Sept. 20, saying he needed a new mandate to ensure voters approved of his Liberal government’s plan to recover from the COVID-19 pandemic. Trudeau, 49, is betting that high vaccination rates against the virus and a post-pandemic economic rebound will help him prolong and strengthen his grip on power. Newly-released data shows 71% of the country’s eligible population is fully vaccinated. The election comes...

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AN OTTAWA LANDLORD REQUIRED COVID-19 VACCINATION FROM HIS RENTER. IS THAT ALLOWED?

Posted in Coronavirus, Health & Safety, Industry Trends, Legal, Newsworthy, Student Housing, Tenancy Law

AN OTTAWA LANDLORD REQUIRED COVID-19 VACCINATION FROM HIS RENTER. IS THAT ALLOWED?

Sixteen days before he was supposed to move in to his new rental, Eric Foucault’s son got a text from his landlord asking about his COVID-19 vaccination status. The Algonquin College student had viewed the place three weeks prior, a room in a basement he’d be living in with two other renters, with a kitchen, bathroom and some other common space shared between them. The landlord and his wife lived upstairs, with their own kitchen and bathroom and a different entrance. They would do some...

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WHAT YOU NEED TO KNOW ABOUT RENTING IN CANADA POST-COVID

Posted in Coronavirus, Industry Trends, Newsworthy, Rental Rates, Vacancy Rates

WHAT YOU NEED TO KNOW ABOUT RENTING IN CANADA POST-COVID

The pandemic has changed more than our makeup routines and work-from-home wardrobes — it’s sparked serious changes in Canada’s housing market. Home prices skyrocketed throughout much of 2020 and into the start of 2021, fuelled by low supply, high demand, and record-low interest rates. Only as of spring did we start to see signs of a slight cooling off, even though prices are still desperately out of reach for most of us. The rental market is a different story: Rents across the country started...

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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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ONTARIO MOVING TO STEP 3 OF ECONOMIC REOPENING PLAN 5 DAYS EARLY

Posted in Coronavirus, Health & Safety, Industry Trends, Media Releases, Newsworthy

ONTARIO MOVING TO STEP 3 OF ECONOMIC REOPENING PLAN 5 DAYS EARLY

Ontario will be moving to Step 3 of its economic reopening plan on July 16, nearly five days ahead of schedule, allowing activities such as indoor dining to resume and gyms to open for the first time in months. The new date was officially announced in a news release around 11:30 a.m. Sources told CTV News Toronto earlier in the day that cabinet met Friday morning to confirm the details. “Thanks to the tireless efforts of our frontline heroes, and the ongoing commitment of Ontarians to get...

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SPIKE IN CANADIANS MOVING TO VANCOUVER DURING THE PANDEMIC

Posted in Coronavirus, Industry Trends, Newsworthy, Rental Rates

SPIKE IN CANADIANS MOVING TO VANCOUVER DURING THE PANDEMIC

The COVID-19 pandemic appears to have driven more Canadians to relocate to the major urban centres on the country’s West Coast and East Coast. New data from LinkedIn shows Metro Vancouver saw a 10.5% increase in the rate of domestic migration for every resident leaving the city since April 2020. “Thousands more Canadians have been moving to Vancouver than leaving it compared to pre-pandemic trends,” reads the study. The rate was higher for Halifax, where the inflow-outflow ratio of residents...

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