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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...

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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...

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Toronto and Vancouver most ‘vulnerable’ to rate hikes: CMHC

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

Toronto and Vancouver most ‘vulnerable’ to rate hikes: CMHC

Canadians living in two of the country’s largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record-levels, warns a report by Canada Mortgage Housing Corp. The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent in the second quarter, which ended June 30. That means that for every $1 of disposable income, $2.42 is owed. It was...

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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...

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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...

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GM Plans to Close Canadian Plant in Global Overhaul

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

GM Plans to Close Canadian Plant in Global Overhaul

A car plant that General Motors Co. has operated for 65 years in Canada could be on the verge of shutting down as part of what a union says will be a global overhaul of the automaker’s operations. The company will announce Monday that it’s ending production at its plant in Oshawa, Ontario, two people familiar with the plans said, speaking on condition of anonymity. Unifor, Canada’s autoworkers’ union, said it’s been told there is no car production assigned to the factory beyond next year,...

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In Morneau’s fall update, corporate Canada awaits competitiveness plan

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

In Morneau’s fall update, corporate Canada awaits competitiveness plan

Competitiveness. If there’s been a single issue for Canadian business leaders to rally around this year it’s that one – and more specifically losing their competitive advantage with our largest trading partner, the United States. As U.S. President Donald Trump’s administration slashed the corporate tax rate from 35 to 21 per cent and accelerated how quickly U.S. companies can write-off most equipment, attention turned to Ottawa for a strategic response from Justin Trudeau’s Liberal government....

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3 trends expected to define Calgary’s housing market in 2019

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

3 trends expected to define Calgary’s housing market in 2019

With 2018 nearly over, Calgary’s housing market has yet to recover to previous heights, the result of a drawn-out slump resulting from lower oil prices and the knock-on effects that’s had on employment. But how about next year? Ann-Marie Lurie, the Calgary Real Estate Board’s chief economist, suggests the market will continue to face a number of headwinds in the coming year. “The current situation that we’re in is we have an oversupplied market, prices have been trending down, and we just...

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Canada posts $416M trade deficit as both exports and imports decline

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

Canada posts $416M trade deficit as both exports and imports decline

Canada’s economy continued to show sluggish trade flows in September with both exports and imports recording back-to-back monthly drops. The statistics agency also revised away its previously reported surplus from August. The nation posted a $416 million trade deficit in September, down from a revised $551 million deficit in August as exports slumped less than imports. Exports were down 0.2 per cent, after dropping 1.5 per cent in August, while imports were down 0.4 per cent. Economists...

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Government support for energy sector growth urgently needed: RBC’s McKay

Posted in Bylaws / Regulations, Communications, Industry Trends, Legislation, Newsworthy, Utility Management

Government support for energy sector growth urgently needed: RBC’s McKay

The CEO of the Royal Bank says the oil and gas sector is poised to deliver billions of dollars in new revenue to Canadian governments over the next decade by meeting growing global energy demand but it can’t do it without urgently needed support. Dave McKay, who has previously taken Ottawa to task over Canada’s lagging tax competitiveness with the U.S., says a new RBC study suggests that Canadian governments could earn an extra $195 billion in revenues between now and 2030 with the...

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