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HERE’S WHAT TO EXPECT FROM VANCOUVER’S RENTAL MARKET THIS YEAR

Posted in CMHC, Coronavirus, Development, Industry Trends, Newsworthy, Rental Rates, Vacancy Rates

HERE’S WHAT TO EXPECT FROM VANCOUVER’S RENTAL MARKET THIS YEAR

Vancouver’s rental market in the first half of 2021 will not be significantly different from what landlords and tenants experienced during most of last year, according to a new report. “We don’t see many changes to the average monthly rental rates in the first half of 2021,” said Brock Lawson, Manager, Rental Data for British Columbia, Urban Analytics. “We’re still facing the same challenges in today’s landscape as we were in 2020.” Lawson said those challenges include a continuing state of...

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LANDLORD FRUSTRATED WITH SLOW PACE OF LTB DURING COVID

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

LANDLORD FRUSTRATED WITH SLOW PACE OF LTB DURING COVID

A Hamilton landlord who has 20 homes in his portfolio says about 25% of his tenants have “taken advantage” of the COVID situation in the past year by collecting the Canadian Emergency Response benefit (CERB) and not using it to pay rent. David, who preferred that his last name not be used, said those who fail to pay know they can’t be evicted for non-payment of rent both because of edicts from the province and the painfully slow pace of hearings before the Landlord and Tenant Board (LTB). The...

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APARTMENT RESIDENT RETENTION GETS MESSY

Posted in Coronavirus, Housing, Industry Trends, Maintenance, Newsworthy

APARTMENT RESIDENT RETENTION GETS MESSY

After a decade when apartment resident retention gradually got better and better, it’s now harder for property owners and operators to hold onto renters in some metros and some apartment product segments. Influencing that shift, the world has simply changed over the past year. Many households have experienced income disruptions, and sometimes challenges in employment have led to shifts in household composition. Even if there are no significant changes in household finances, more people working...

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HOUSING CO-OPS INCLUDED IN CANADIAN RENTAL ASSISTANCE FUNDING

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

HOUSING CO-OPS INCLUDED IN CANADIAN RENTAL ASSISTANCE FUNDING

The Canadian government announced Temporary Rental Assistance funding of up to CA$15m to support social housing organizations, including housing co-ops, in providing affordable accommodation to persons of low income. Launched on 1 February, the scheme is an exceptional one-time assistance that will be offered to providers of non-profit and co-operative housing between 1 April 2021 and 31 March 2022. Ahmed Hussen, minister of families, children and social development and minister responsible...

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HOW THE HOME RENO BOOM COULD HELP FILL IN THE ‘MISSING MIDDLE’ IN TORONTO’S HOUSING STOCK

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

HOW THE HOME RENO BOOM COULD HELP FILL IN THE ‘MISSING MIDDLE’ IN TORONTO’S HOUSING STOCK

It’s getting to be a familiar sight in many of Toronto’s inner suburbs: construction crews hard at work adding second floors to post-war bungalows as homeowners try to add more space for growing families. But affordable housing advocates are hoping the city can harness the reno boom to help fill the “missing middle” in the city’s housing stock by converting some of those single-family homes into multi-unit dwellings. Builder Peter Lux, of Homes By Lux Inc.,...

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CITY POWERLESS TO DEAL WITH MASK VIOLATIONS IN CONDO COMMON AREAS

Posted in Coronavirus, Health & Safety, Industry Trends, Newsworthy

CITY POWERLESS TO DEAL WITH MASK VIOLATIONS IN CONDO COMMON AREAS

The City of Toronto has received nearly 2,000 complaints about apartment and condo residents who remain unmasked in common building areas but has not issued a single ticket or charge in response. Toronto’s mandatory face-covering bylaw — at least for apartment and condo residents — has no teeth. “Under the provincial regulation, there is no provision to charge an individual — the person not wearing the mask — for not wearing a mask in a condo or apartment building,” according to a statement...

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HAVE A LEGAL QUESTION?

Posted in Industry Trends, Legal, Media Releases, Newsworthy

HAVE A LEGAL QUESTION?

During these difficult and trying times, RHBTV and Kristin Ley, Partner Cohen Highley want to help with legal questions from anyone in our industry. Watch the video announcement below and don’t forget to send in your questions

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ULI REPORT URGES ACTION TO RENEW TORONTO’S RENTAL HOUSING

Posted in HVAC / Mechanical, Industry Trends, Newsworthy, Retrofit, Utility Management

ULI REPORT URGES ACTION TO RENEW TORONTO’S RENTAL HOUSING

A recent report from the Urban Land Institute (ULI) suggests Toronto has an urgent need to retrofit its aging stock of rental housing if the city hopes to reach net-zero emissions by 2050. The report, titled Affordability and Resilience: The Challenge of Tower Renewal in Private Rental Apartment Buildings, was prepared by the ULI Advisory Services Panel and summarizes the findings of a week-long visit from ULI experts in 2020. The report was released in December. The visit was sponsored by the...

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PANDEMIC CREATING A ‘NIGHTMARE’ FOR LOCAL LANDLORDS AND TENANTS

Posted in Coronavirus, Housing, Industry Trends, Legal, Newsworthy, Rental Rates, Tenancy Law, Vacancy Rates

PANDEMIC CREATING A ‘NIGHTMARE’ FOR LOCAL LANDLORDS AND TENANTS

Pandemic-related delays in landlord-tenant hearings are complicating an already stressed housing market, say those who have been waiting months for hearing dates. Ontario’s introduction of another shutdown over concerns related to the spread of COVID-19 is pushing those fears into overdrive. While many tenants have been waiting to get hearing dates before the Landlord and Tenant Board to resolve their housing issues, landlords have also started speaking out about not being able to pay their...

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SAFER AT HOME PROGRAMS PROVIDE RELIEF TO ONTARIO FAMILIES

Posted in Coronavirus, Industry Trends, Newsworthy

SAFER AT HOME PROGRAMS PROVIDE RELIEF TO ONTARIO FAMILIES

The Ontario government is providing new financial supports for individuals, families and small businesses, as they do their part to stop the spread of COVID-19 and protect the province’s health care system during the Provincewide Shutdown. The province is expanding the Support for Learners program to include secondary school students and lowering electricity prices to a discounted off-peak rate 24/7 for all time-of-use and tiered customers. Details were provided today by Premier Doug...

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