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Employment

New Federal Cabinet Ministers important to rental housing issue

Posted in Appointments, Bylaws / Regulations, CMHC, Communications, Development, Employment, Finance, Health & Safety, Housing, Industry Trends, Newsworthy

New Federal Cabinet Ministers important to rental housing issue

On November 20, Prime Minister Trudeau introduced his new cabinet. This sets out some background on the five Ministers who are of particular relevance for Canada’s rental housing providers. Minister of Finance – Bill Morneau Bill Morneau is returning as the Minister of Finance. He has been the Minister and the M.P. for Toronto Centre since 2015. Over the past term, Minister Morneau has overseen an increase in the income tax rate on the top bracket, changes in the taxation of small businesses,...

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Jobs miss keeps door open for Bank of Canada to cut rates

Posted in Communications, Employment, Finance, Industry Trends, Newsworthy

Jobs miss keeps door open for Bank of Canada to cut rates

Canada’s labour market slipped after two straight months of strength, sending the currency lower and providing the Bank of Canada with more ammunition if it decides to cut interest rates at its next meeting. The country lost 1,800 jobs in October, Statistics Canada said Friday in Ottawa, versus economist expectations for a 15,000 uptick in employment. It was the first month of job losses since July and comes on the heels of a 135,000 job gain over the prior two months. The unemployment rate...

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What’s next for Trudeau? A new cabinet, old wounds and fresh risks

Posted in Bylaws / Regulations, CMHC, Communications, Development, Employment, Finance, Health & Safety, Housing, Newsworthy, Tax Law, Tenancy Law

What’s next for Trudeau? A new cabinet, old wounds and fresh risks

Justin Trudeau is still prime minister, but it’s going to be a rougher ride the second time around. Trudeau eked out a victory in Canada’s election Monday, winning the most seats despite losing the popular vote. He fell short of a majority but should be able to pass legislation with the support of other parties, likely the leftist New Democrats. Parliament’s return will force a change in strategy, and will likely reopen old wounds. Here’s how it could shake out. Pick a Cabinet Trudeau, as the...

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Election Platform Information

Posted in Bylaws / Regulations, CMHC, Communications, Development, Employment, Finance, Housing, Legislation, Newsworthy, Tax Law, Utility Management

Election Platform Information

The Liberals, NDP and the Green Party have released their platforms. The information below is based on those platforms, and on the Conservatives’ platform plank releases and past actions while in power. More promises may be made by the Conservatives when they release their election platform. Updates will be posted on the CFAA website as more promises are released. TAXATION The Liberals promise to make a small tax reduction with a focus on people who earn less than $47,000 per year, and nothing...

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ELECTION: How the parties’ housing promises stack up (VIDEO)

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Employment, Finance, Housing, Industry Trends, Newsworthy, Real Estate Law, Tax Law, Tenancy Law

ELECTION: How the parties’ housing promises stack up (VIDEO)

Housing has emerged as a hot-button topic in the federal election campaign, with party leaders unleashing a slew of headline-grabbing promises over the last few weeks.   The so-called B-20 mortgage stress test, an incentive aimed at helping first-time buyers, and an update to the RRSP Home Buyers’ Plan are among measures that have been introduced since the current Liberal government came into power in 2015. But affordability is still top of mind in the lead-up to the Oct. 21 vote, especially...

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Canada’s GDP Expands At Fastest Pace Since 2017

Posted in Bylaws / Regulations, Communications, Employment, Finance, Industry Trends, Newsworthy, Tax Law

Canada’s GDP Expands At Fastest Pace Since 2017

Amid 2019’s global trade war, Canada is seeing an export boom. The economy blew past projections by expanding at an annualized pace of 3.7 per cent in the second quarter, giving Canada its strongest three-month stretch of growth in two years. Statistics Canada’s reading for real gross domestic product showed an unexpectedly solid turnaround for an economy that was coming off its weakest back-to-back quarters of growth since 2015. The economy rode a powerful, broad-based rebound in goods...

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Canada’s next PM must ‘dig deeper’ on workplace equality, experts say

Posted in Appointments, Bylaws / Regulations, Communications, Employment, Finance, Industry Trends, Legislation, Newsworthy

Canada’s next PM must ‘dig deeper’ on workplace equality, experts say

Four years after Justin Trudeau rode into the Prime Minister’s Office on a platform that included a vow to advance gender equality in the workplace, diversity experts have mixed views on how much has changed for women. “I don’t think we’re making nearly enough progress and I don’t think we’re making it fast enough,” said Laura McGee, founder and CEO of Diversio and co-chair of the Expert Panel on Women’s Entrepreneurship, in a phone interview. McGee pointed to the complete absence of...

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Minto Apartment REIT Announces Senior Management Changes

Posted in Appointments, Communications, Employment, Finance, Housing, Industry Trends, Newsworthy

Minto Apartment REIT Announces Senior Management Changes

–  Recognizes contribution of retiring President and Chief Operating Officer, Rob Pike –  OTTAWA, ON, Sept. 5, 2019 /CNW/ – Minto Apartment Real Estate Investment Trust (TSX: MI.UN) (the “REIT”) today announced the appointment of George Van Noten as Chief Operating Officer and Glen MacMullin as Chief Investment Officer. “I am very pleased to announce these two appointments,” said Michael Waters, Chief Executive Officer of Minto Apartment REIT....

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RHB TV – WATCH EPISODE 2 NOW!

Posted in Bylaws / Regulations, CMHC, Communications, Development, Employment, Events, Finance, Health & Safety, Housing, Industry Trends, Legislation, Maintenance, Newsworthy, Professional Services, Real Estate Law, Rent Control, Tax Law, Technology, Tenancy Law

RHB TV – WATCH EPISODE 2 NOW!

RHB TV is a one-of-a-kind media platform, that covers industry news, market data and emerging trends. Catch up on the rental housing trends we are seeing across the country as well as the latest developments of BILL 108. We look at the average asking rents for Canada’s major rental markets, get an exclusive look at Rockport Group’s luxury development, The Montgomery, and catch all the highlights of the FRPO & Greenwin Charity Golf Classics. EPISODE 2 is now live! Watch it at...

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Montreal housing activity impelled by particular demographics – study

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

Montreal housing activity impelled by particular demographics – study

Consumer demographics are an increasingly important driver of sales activity in the Montreal housing market, according to Royal LePage Altitude broker Maxime Tardif. “Baby boomers looking for smaller units, millennials increasing their purchasing power, and more foreign buyers contributed to a hike in condo prices and demand in the past three years,” Tardif said. In addition, the region’s geography is contributing to the steadily growing presence and popularity of multi-unit housing....

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