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Legislation

WEEK OF DECEMBER 26 2022 NEWSREEL WITH KERRY CHANDLER

Posted in Legislation

WEEK OF DECEMBER 26 2022 NEWSREEL WITH KERRY CHANDLER

On January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act will go into affect and what does it mean to our industry, well in a word – nothing! We go through the headlines to see.

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MOST RENT HIKES ON P.E.I. WOULD BE CAPPED AT 3% UNDER NEW RESIDENTIAL TENANCY ACT

Posted in Bylaws / Regulations, Legislation

MOST RENT HIKES ON P.E.I. WOULD BE CAPPED AT 3% UNDER NEW RESIDENTIAL TENANCY ACT

Residential rent increases will be capped at three per cent per year under the new Residential Tenancy Act tabled in the P.E.I. Legislature on Tuesday. Under the new act — which has been in the works since 2019 and replaces the 30-year-old Rental of Residential Properties Act — any landlord who applies for a larger increase will also have that capped at three per cent, meaning the greatest allowable rent hike in one year would be six per cent. Landlords who do not charge the maximum allowable...

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FORD GOVERNMENT INSISTS ONTARIO NEEDS ‘STRONG MAYORS’ TO BUILD MORE HOUSING

Posted in Bylaws / Regulations, Development, Legislation, Zoning

FORD GOVERNMENT INSISTS ONTARIO NEEDS ‘STRONG MAYORS’ TO BUILD MORE HOUSING

Premier Doug Ford’s government insists “strong mayor” powers for Toronto and Ottawa will fast-track construction of duplexes, triplexes, laneway suites and other projects stalled by exclusionary zoning. Testifying at the legislative committee studying his new bill, Municipal Affairs Minister Steve Clark stressed the “Strong Mayors, Building Homes Act” is aimed at accelerating housing approvals. “We need housing of all types. We need family-size condos, we need purpose-built rentals, we need...

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B.C. CONSIDERING LEGISLATION TO HELP FIX CAPITAL REGION’S HOUSING CRISIS

Posted in Housing, Industry Trends, Legislation, Newsworthy

B.C. CONSIDERING LEGISLATION TO HELP FIX CAPITAL REGION’S HOUSING CRISIS

It’s being seen as a shot across the bow of local municipalities. The province says not enough housing is being approved and built to keep up with demand. Now, the minister responsible for housing says he is considering legislation to modernize processes in order to quicken building development approvals. This, if municipalities continue to drag their feet. “We do see some areas where municipalities are simply refusing to approve necessary housing,” said David Eby, B.C.’s attorney general and...

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2022 FEDERAL BUDGET TO FOCUS ON HOUSING, TAX FAIRNESS: EXPERTS

Posted in Housing, Industry Trends, Legislation, Newsworthy, Tax Law

2022 FEDERAL BUDGET TO FOCUS ON HOUSING, TAX FAIRNESS: EXPERTS

The 2022 federal budget will probably include initiatives to curb speculation in real estate, boost productivity through targeted tax incentives and promote overall tax fairness, tax policy experts suggest. But the Liberal government is unlikely to introduce significant broad-based tax increases. “I sense a reluctance to raise the top rates further, because capital is mobile — it leaves the country,” said Carol Sadler, founder and tax leader with Achen Henderson LLP in Calgary, adding that she...

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TENANTS’ COALITION SAYS PROPOSED RENT LEGISLATION IS MISSING A KEY PIECE: RENT CONTROL

Posted in Industry Trends, Legislation, Newsworthy, Rent Control, Rental Rates

TENANTS’ COALITION SAYS PROPOSED RENT LEGISLATION IS MISSING A KEY PIECE: RENT CONTROL

New Brunswick is introducing legislation that would ban rent increases in the first year and restrict price hikes to once a year after that – but stops short of actually capping rent increase amounts. The N.B. Coalition for Tenants Rights says that’s a glaring omission. The proposed legislation, introduced Tuesday, makes several changes to address some of the issues related to renting — including concerns that rental rates have spiked “unreasonably” during the...

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PROJET MONTREAL PROPOSES LANDLORD CERTIFICATION TO PROTECT TENANTS FROM RENT HIKES, RENOVICTIONS

Posted in Evictions, Industry Trends, Legislation, Newsworthy, Tenancy Law

PROJET MONTREAL PROPOSES LANDLORD CERTIFICATION TO PROTECT TENANTS FROM RENT HIKES, RENOVICTIONS

Montreal Mayor Valérie Plante and her party Projet Montréal is proposing the creation of a responsible landlord certificate “to protect the affordability and quality of Montreal’s rental housing network.” This comes after what some have called “abusive” increases in rental prices, as well as the growing phenomenon of renovictions, where tenants see themselves evicted under the guise of significant home renovations. “The certification will be required of...

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BILL C-208 APPROVED, COMES INTO IMMEDIATE EFFECT

Posted in Industry Trends, Legislation, Newsworthy, Tax Law

BILL C-208 APPROVED, COMES INTO IMMEDIATE EFFECT

MNP is pleased that Bill C-208 received Royal Assent on June 29, 2021, becoming effective as of that date. The Bill allows the intergenerational transfer of certain family businesses to receive the same tax treatment as businesses sold to a third party. Previously, a long-standing anti-avoidance rule in the Income Tax Act (ITA) treated intergenerational transfers of a business as a dividend rather than a capital gain. Bill C-208 changes that rule to allow access to the lifetime capital gains...

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LANDLORDS DISLIKE RENT FREEZE EXTENSION, BUT SUPPORT ‘RENOVICTION’ PROTECTIONS

Posted in Affordable Housing, Bylaws / Regulations, Coronavirus, Evictions, Housing, Industry Trends, Legislation, Newsworthy, Rent Control, Rental Rates

LANDLORDS DISLIKE RENT FREEZE EXTENSION, BUT SUPPORT ‘RENOVICTION’ PROTECTIONS

A new tenancy act passed in the legislature this month – extending a residential rent freeze until 2022 and increasing protections against “renovictions” – earned pushback and support, respectively, from several Northern landlords. Under the new legislation, the rent freeze begun in March 2020 will extend until the end of 2021, with increases capped at the rate of inflation from Jan. 1, 2022 on. “Ensuring people have safe, secure and affordable housing is especially important during these...

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OPTIONS REMAIN FOR LANDLORDS TO OBTAIN RELIEF AT THE LTB

Posted in Bylaws / Regulations, Legal, Legislation, Newsworthy, Tenancy Law

OPTIONS REMAIN FOR LANDLORDS TO OBTAIN RELIEF AT THE LTB

On January 13, 2021 the Province of Ontario passed a regulation which, as was the case in March 2020, suspended the enforcement of evictions orders issued by the Landlord and Tenant Board (LTB) and Superior Courts. For landlords though, there are some important differences between the Judicially imposed eviction moratorium in 2020 and the current suspension of enforcement of evictions imposed by provincial regulation here in 2021. First, the provincial regulation (O. Reg. 13/21) creates an...

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