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

Newsreel 2

Justin Trudeau announces date for legal marijuana

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

Justin Trudeau announces date for legal marijuana

Prime Minister Justin Trudeau announced Wednesday that marijuana will be legal in Canada starting Oct. 17, 2018. Justin Trudeau confirmed the long-awaited start date during Question Period in Ottawa, ending months of speculation surrounding when, precisely, Canadians will be able to purchase and consume the drug legally. The Liberals had initially aimed for July 1, Canada Day, but procedural issues and delays prevented them from reaching that target. The legislation outlining the federal...

read more

Trade war history is not on Justin Trudeau’s side

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Housing, Industry Trends, Ministry Of Labour, Newsworthy, Tax Law

Trade war history is not on Justin Trudeau’s side

In 1969, Canadian Prime Minister Pierre Trudeau reflected on his country’s relationship with the United States in a speech to the Washington Press Club. “Living next to you is in some ways like sleeping with an elephant,” he said. “No matter how friendly and even-tempered is the beast…one is affected by every twitch and grunt.” His son Justin Trudeau, the current prime minister, might be tempted to describe the U.S. in even more colourful terms, given his recent diplomatic row with the Trump...

read more

Trump shocks leaders with Trudeau insult to upend G7 summit

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

Trump shocks leaders with Trudeau insult to upend G7 summit

President Donald Trump broadsided his allies and upended a Group of Seven meeting just as it wound up — disavowing a joint statement the U.S. had agreed to, lashing out at Canada’s Justin Trudeau and ratcheting up trade tensions. Trump fired off a pair of tweets several hours after leaving the summit in Canada to fly to Singapore for another on North Korea. Trudeau and other leaders had given closing press conferences and announced a U.S.-backed joint G7 statement. Minutes after that...

read more

Business investment lost amid trade uncertainty isn’t coming back: Poloz

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

Business investment lost amid trade uncertainty isn’t coming back: Poloz

Bank of Canada Governor Stephen Poloz warns some business investment is going to be lost for good, regardless of when protracted North American Free Trade Agreement renegotiations wrap up. “Just the discussion of [NAFTA risk] for the last 18 months has got everybody’s radar on full – companies postponing or delaying important decisions, or making decisions that are different – investing in the United States, or what have you – just to hedge against the risk,” he said in an...

read more

Election Act Changes 

Posted in Appointments, Bylaws / Regulations, Communications, Events, Legal, Legislation, Newsworthy, Real Estate Law

Election Act Changes 

Elections Ontario would like to remind landlords and condominium corporations about changes to the Election Act that allows candidates and canvassers access to multi-unit residential buildings. Under new legislation, a candidate, or his or her representative, is legally entitled to have access to the common areas of multiple-residence buildings that contain seven or more self-contained units (such as an apartment or condominium) to distribute materials and canvass residents during an electoral...

read more

GTA’s hot condo market moderates in first quarter

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Condo Conversions, Development, Finance, Housing, Industry Trends, Newsworthy, Tenancy Law

GTA’s hot condo market moderates in first quarter

Rising development costs and high-profile project cancellations have injected a note of caution into Toronto’s hot condo market, with more project terminations likely to come, says development research company Urbanation. It found Toronto condo launch prices were up 23 per cent year over year at the end of the first quarter, but also an extraordinary number of projects that launched a year ago — 53 developments with nearly 14,000 units — still hadn’t begun construction. It’s not unusual for a...

read more

Greenwin Names New Chief Operating Officer

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

Greenwin Names New Chief Operating Officer

TORONTO, ON –  Greenwin Inc. announced that Senior Vice President, Residential Operations, Patrick Eratostene has been appointed Chief Operating Officer, a new position within Greenwin. Since 2012, Eratostene has run Greenwin’s blended housing portfolio, which includes the following asset categories: multi-residential, non-profit, affordable and Toronto Community Housing. “Patrick is a seasoned and trusted leader within our organization,” said Kris Boyce, CEO, Greenwin. “Having been with...

read more

Ontario most at risk among Great Lakes economies in NAFTA talks

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

Ontario most at risk among Great Lakes economies in NAFTA talks

Ontario is most at risk among economies in the Great Lakes region to any NAFTA trade disruption as the Canadian province relies on U.S. exports for a quarter of its output, according to a report from Bank of Montreal. “Its economy is arguably the most integrated with the U.S. through well-established supply chains,” said the report by Robert Kavcic, a senior economist at the bank. Quebec by contrast has only about 11 per cent of its economy tied to U.S. exports, given its diverse shipments to...

read more

Toronto New Condo Sales Drop 66%, While Prices Soar 40% In Weirdest Correction Ever

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

Toronto New Condo Sales Drop 66%, While Prices Soar 40% In Weirdest Correction Ever

Is it any wonder buyers want to sit this one out? See if this makes sense to you. Sales of new condos in Toronto have more or less fallen off a cliff, down 66.5 per cent in March compared to the same month a year earlier. So what did prices do? They soared by nearly 40 per cent during the same period. That’s according to new data from the Building Industry and Land Development Association (BILD GTA), which reports that there were 1,649 new condos sold in Greater Toronto in March, down...

read more

Election Act Changes

Posted in Bylaws / Regulations, Communications, Housing, Industry Trends, Legal, Legislation, Newsworthy, Real Estate Law, Tenancy Law

Election Act Changes

Elections Ontario would like to remind landlords and condominium corporations about changes to the Election Act that allows candidates and canvassers access to multi-unit residential buildings.  Under new legislation, a candidate, or his or her representative, is legally entitled to have access to the common areas of multiple-residence buildings that contain seven or more self-contained units (such as an apartment or condominium) to distribute materials and canvass residents during an...

read more