Canada’s one stop platform and the #1 National voice to the rental housing industry

Legislation

Toronto due for double-digit market rent increase in 2019

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

Toronto due for double-digit market rent increase in 2019

Toronto landlords with vacant units could enjoy as much as an 11% hike in rent next year. That’s according to Rentals.ca’s National Rent Report, which only studied empty units and also forecasted that rents nationwide would increase 6% in 2019. Ben Myers, president of Bullpen Research & Consulting Inc., notes that the breakdown in Toronto is pretty evenly split between purpose-built rental apartments, which skew older, and newer condominium rental units. He also says that Toronto...

read more

Trudeau’s free-trade ambitions will be put to the test in 2019

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

Trudeau’s free-trade ambitions will be put to the test in 2019

Trade fights bruised Justin Trudeau’s government all year. The question for 2019 is whether businesses can start to capitalize before anything unravels. The Canadian prime minister, heading into an election year, is doubling down on championing free trade. His argument is that better, modern trade deals are an antidote to the forces driving protectionism globally — including Donald Trump, the self-declared “Tariff Man” next door. One pact spurned by the U.S. president, but salvaged by...

read more

Changes to LTB Rules, Guidelines and Forms

Posted in Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy, Payments Processing, Professional Services, Real Estate Law, Tenancy Law

Changes to LTB Rules, Guidelines and Forms

The Landlord and Tenant Board (LTB) has provided a few Holiday goodies and “lumps of coal” just in time for the Holidays! As this is an electronic Bulletin you have access to the documents by clicking on the underlined links. We have bolded some significant changes below. There are important changes to the Rules of Procedure, forms, and two Interpretation Guidelines: Guideline 6: Tenant Rights and Guideline 12: Eviction for Personal Use, Demolition, Repairs and Conversion. Here are...

read more

Landlords Tackle Homelessness at Community Event

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

Landlords Tackle Homelessness at Community Event

Belleville, December 19, 2018. Landlords, members of the public, local government officials and community stakeholders recently met to discuss ways to reduce homelessness in the Quinte Region. The December 17 event hosted by the Quinte Region Landlords Association was chaired by President Robert Gentile and the discussion led by guest speaker Ruth Ingersoll of the Community Development Council of Quinte. The main purpose of the event was to educate housing providers of alternatives to eviction...

read more

LandlordBC RentalHousing Task Force Recommendations Released.

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

LandlordBC RentalHousing Task Force Recommendations Released.

Today, December 12, 2018, Chair Spencer Chandra Herbert and his fellow task force members released their Rental Housing Task Force recommendations as they pertain to the Residential Tenancy Act.   The Task Force completed their consideration of the various submission they received and research they conducted and put forth their recommendations to the Premier and Minister of Municipal Affairs and Housing today.  The recommendations are generally balanced and largely represent a modernizing of...

read more

Morneau vows to focus on China trade as Huawei tensions mount

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

Morneau vows to focus on China trade as Huawei tensions mount

Finance Minister Bill Morneau said he’s remaining focused on enhancing the trade relationship between Canada and China – and keeping that separate from the legal issues at hand – in the wake of escalating tensions over the arrest of Huawei CFO Meng Wanzhou. “Our goal has to be to keep these things separate,” Morneau told BNN Bloomberg’s Amanda Lang in an interview from the Toronto Global Forum on Wednesday. “So we have to look at trade as something that’s in the important long-term interest of...

read more

In scathing pre-election report, Ontario auditor general says deficit is $11.7B, not $6.7B

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

In scathing pre-election report, Ontario auditor general says deficit is $11.7B, not $6.7B

Ontario’s fiscal watchdog is warning that the province’s deficit projections are billions of dollars more than disclosed in last month’s budget. Auditor General Bonnie Lysyk, who is in an ongoing accounting dispute with Premier Kathleen Wynne’s Liberals, said this year’s shortfall is $11.7 billion, not $6.7 billion, as Finance Minister Charles Sousa forecast March 28. “When expenses are understated, the perception is created that government has more money available than it actually does,”...

read more

Average vacancy rate across Canada decreases to 2.4%

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

Average vacancy rate across Canada decreases to 2.4%

According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 3.0% in October 2017 to 2.4% in October 2018. Vacancy rates declined in Quebec, Alberta, Saskatchewan and the Atlantic provinces, while increasing by various amounts in centres in Ontario, British Columbia and Manitoba. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental housing in some form in almost all centres, but more...

read more

Bitter lawsuit between wealthy developers reveals delays, downsizing of Yaletown affordable housing plan was inevitable

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

Bitter lawsuit between wealthy developers reveals delays, downsizing of Yaletown affordable housing plan was inevitable

Thirty years ago, a deal between the provincial government and a private developer earmarked six large lots in Yaletown for affordable housing. Several weeks ago, the city announced affordable housing would be built on just three of the lots. Two business tycoons waged a little-known and vicious battle in and out of B.C. court over six empty Yaletown lots, assessed at a pittance because for three decades they have been designated for affordable housing. The high-stakes feud quietly escalated...

read more

Average vacancy rate across Canada decreases to 2.4%

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

Average vacancy rate across Canada decreases to 2.4%

Average vacancy rate across Canada decreases to 2.4% According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 3.0% in October 2017 to 2.4% in October 2018. Vacancy rates declined in Quebec, Alberta, Saskatchewan and the Atlantic provinces, while increasing by various amounts in centres in Ontario, British Columbia and Manitoba. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental...

read more