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

Newsreel 2

THE MOST POINTLESS ELECTION IN CANADIAN HISTORY

Posted in Newsworthy, Politics

THE MOST POINTLESS ELECTION IN CANADIAN HISTORY

Election 44 was empirically the most pointless election in Canadian history. Monday night’s preliminary results delivered a seat count that was almost exactly the same as in 2019. As of press time, the Bloc Québécois won two more seats (34), the Tories lost two (119), the Liberals gained one (158), the Greens lost one (2) and the NDP gained one (25). Until last night, the poster child for “pointless Canadian elections” was 1965. That was the year Liberal Prime Minister Lester Pearson called a...

read more

HERE ARE 5 WAYS THE FEDS COULD FIX CANADA’S HOUSING CRISIS

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Politics

HERE ARE 5 WAYS THE FEDS COULD FIX CANADA’S HOUSING CRISIS

Housing has been a hot topic in the campaign for Canada’s 44th parliament. Every major party platform offers proposals for reining in what has become a nationwide affordability crisis. However, experts say the most effective potential solutions have either received scant attention from the federal platforms, or have failed to be included at all. Five of them are broken down in detail below. 1. Leverage the weight of federal coffers Part of the challenge with trying to come up with a national...

read more

57% OF YOUNG CANADIAN VOTERS SAY FEDERAL HOUSING AFFORDABILITY PLAN WILL AFFECT ELECTION CHOICE

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Politics

57% OF YOUNG CANADIAN VOTERS SAY FEDERAL HOUSING AFFORDABILITY PLAN WILL AFFECT ELECTION CHOICE

The federal election is just a few weeks away, and a majority of young Canadian voters have one issue on their minds: a plan to address the housing affordability crisis. According to new survey from Royal LePage, a whopping 57% of those aged 18-34 reported that a candidate’s position on tackling the current housing affordability crisis would influence their vote in the upcoming federal election. Just 28% of the age group said it would have no effect. Royal LePage Agreement was highest overall...

read more

AS CANADIANS LAMENT RISING HOUSE PRICES, WHICH PARTY OFFERS SOLUTION AS FEDERAL ELECTION LOOMS?

Posted in Housing, Industry Trends, Newsworthy, Politics

AS CANADIANS LAMENT RISING HOUSE PRICES, WHICH PARTY OFFERS SOLUTION AS FEDERAL ELECTION LOOMS?

On the Reddit channel where Canada’s disaffected would-be homebuyers debate soaring prices, some people have had enough. “How much we have fallen as a nation,” wrote one commenter on r/canadahousing, lamenting the fact that a two-income professional couple in a large city today can only afford “a shoebox condo,” while earlier generations moved into sprawling suburban homes. A question has emerged among this group: Who to abandon the Liberals for? The Conservatives or the NDP? It seems the...

read more

WHERE EACH PARTY STANDS SO FAR

Posted in Newsworthy, Politics

WHERE EACH PARTY STANDS SO FAR

Canadians will head to the polls on Sept. 20 after one of the shortest election campaigns ever. Before that, the leaders of each political party will attempt to appeal to voters coast-to-coast-to-coast, detailing their plans to revive the economy following the COVID-19 pandemic. Here’s a look at what each party has promised so far on the major issues affecting the economy, business and your money. BNN Bloomberg will update this platform tracker as more details are announced. CHILD CARE...

read more

NOVA SCOTIANS TO VOTE TUESDAY IN PROVINCIAL ELECTION BELIEVED TIGHTER THAN EXPECTED

Posted in Newsworthy, Politics

NOVA SCOTIANS TO VOTE TUESDAY IN PROVINCIAL ELECTION BELIEVED TIGHTER THAN EXPECTED

As Nova Scotia’s month-long election campaign draws to a close, it appears Tuesday’s vote could be a lot tighter than initially expected. The incumbent Liberals, who are seeking a rare third term in office, were widely expected to cruise back to power at the start of what many predicted would be a quick and sleepy summertime campaign. It was also believed the government’s handling of the COVID-19 pandemic would be its ace in the hole, and while that may still ultimately hold...

read more

THE COST OF DOWN PAYMENTS IN CANADIAN CITIES SKYROCKETED IN 2021, NEW DATA SHOWS

Posted in Broker Listings, Broker Sales, Housing, Industry Trends, Newsworthy

THE COST OF DOWN PAYMENTS IN CANADIAN CITIES SKYROCKETED IN 2021, NEW DATA SHOWS

Skyrocketing housing prices in 2021 are driving up how long it would take for homebuyers to save for a down payment, new data shows. The National Bank of Canada (NBC)’s latest report found that during the second quarter of 2021, housing affordability has worsened by the widest margin in 27 years. The report examined housing and mortgage trends in 10 cities across the country. To save up enough for a down payment for an average home in Canada, it would take just short of six years – or 69...

read more

LANDLORDS SHOULD PLAN TODAY FOR SEPTEMBER 1 RTA CHANGES

Posted in Industry Trends, Landlord and Tenant Board, Legal, Newsworthy, Tenancy Law

LANDLORDS SHOULD PLAN TODAY FOR SEPTEMBER 1 RTA CHANGES

RTA changes are coming September 1, 2021 but some of those changes will affect decisions that landlords are making today. For example, one new change is that landlords will be able to apply at the Landlord and Tenant Board (LTB) for a judgment for arrears of rent owed by a “former tenant” up to one year after the tenant vacates the rental unit. Today, an application of this type can only be made by way of Small Claims Court since the tenant is out of possession but landlords who wait until...

read more

RENT CONTROL IS NOW A NOVA SCOTIA ELECTION ISSUE BUT ITS EFFECTIVENESS REMAINS QUESTIONED

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

RENT CONTROL IS NOW A NOVA SCOTIA ELECTION ISSUE BUT ITS EFFECTIVENESS REMAINS QUESTIONED

Nova Scotia’s emergency rent cap will expire in the next seven months, and as the provincial election campaign gets underway, party leaders are explaining their plans to make Nova Scotia affordable for those who rent their homes. On Tuesday morning, the NDP made a platform promise of permanent rent control through legislation called the ‘Rental Fairness and Affordability Act.’ It would set the previous tenant’s rent as the base for increases, tie allowable annual increases to a measure like...

read more