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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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Ontario landlords aren’t the problem, the Landlord and Tenant Board is

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

Ontario 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...

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Federal ministers mandate letters released – capital gains review to proceed

Posted in Appointments, Bylaws / Regulations, Communications, Development, Employment, Finance, Health & Safety, Housing, Industry Trends, Legal, Legislation, Newsworthy, Real Estate Law, Tax Law, Tenancy Law, Utility Management

Federal 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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New Toronto law means apartment buildings will be given colour-coded ratings, similar to restaurants

Posted in Bylaws / Regulations, Communications, Exterior Building, Finance, Fire Safety, Health & Safety, Housing, Industry Trends, Interior Building, Legislation, Maintenance, Newsworthy, Pest Control, Suite Renovations

New Toronto law means apartment buildings will be given colour-coded ratings, similar to restaurants

Landlords in Toronto will have to pay a fee to the city if they fail to provide for tenants in the event the buildings they live in are evacuated due to fire, flood or other service disruptions — part of a suite of changes adopted by city council Wednesday strengthening tenant rights. Landlords will also have to post a colour-coded sign in a prominent location, displaying a rating from the city, similar to what restaurants currently have to do under DineSafe. The move comes as the city...

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Toronto wins the right to crack down on shady Airbnb-lords

Posted in Bylaws / Regulations, Communications, Condo Conversions, Finance, Health & Safety, Housing, Industry Trends, Insurance, Legislation, Newsworthy

Toronto wins the right to crack down on shady Airbnb-lords

A long fought battle between the City of Toronto and local Airbnb hosts over new regulations governing short term rentals is finally over after nearly two years of delay-fueled frustration. The provincial government’s Local Planning Appeal Tribunal (LPAT) announced today that it had ruled in favour of Toronto, effectively allowing the city to crack down on sketchy ‘Airbnb-lords’ for the first time since approving new bylaws to do so in December of 2017. It’s a major...

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A LOOK AT REGIONAL HOUSING PROGRAMS JUST ANNOUNCED

Posted in Bylaws / Regulations, Communications, Development, Health & Safety, Housing, Industry Trends, Newsworthy

A LOOK AT REGIONAL HOUSING PROGRAMS JUST ANNOUNCED

Here’s a look at a few housing programs being announced across Ontario. These programs aim to help each region and housing providers meet community needs by preserving and increasing the supply of affordable housing. York community housing, homelessness program get funding boost More than $17 million from the provincial and federal governments will help build, repair and expand housing options. [Read Now] Oshawa regional council contemplates building 1,000 housing units Affordable...

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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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Short-term rentals impacting Halifax’s rental market

Posted in Appraisal, Bylaws / Regulations, Communications, Development, Finance, Health & Safety, Housing, Industry Trends, Legislation

Short-term rentals impacting Halifax’s rental market

After a $400 rent increase pushed her out of her house, Samantha McPhee has been on the hunt for a new place, but she says prices everywhere have skyrocketed over the past few years. “There shouldn’t be two-bedroom apartments for $1,500, $1,700 — it’s not OK, and these places are in less-than-desirable neighbourhoods. They don’t fit $1,500 price ranges,” she said. McPhee says even when she is able to find a place within her budget, it goes fast. She said called the landlord for one place she...

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Short-term rental rules eyed

Posted in Appraisal, Bylaws / Regulations, Communications, Finance, Fire Safety, Health & Safety, Housing, Industry Trends, Insurance, Legislation, Maintenance, Newsworthy, Real Estate Law, Tenancy Law

Short-term rental rules eyed

Sarnia is considering beefing up regulations for short-term rentals, amid a situation one councillor says is eating into local long-term housing supply and disrupting neighbourhoods. Sarnia is considering beefing up regulations for short-term rentals amid a situation one councillor says is eating into the local long-term housing supply and disrupting neighbourhoods. “A lot of communities have jumped on this issue, and they recognize it as a massive problem,” said Coun. Bill Dennis. Locally, he...

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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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