JANUARY 9, 2025 DAILY NEWS WITH VANESSA TOPPLE
To kick off 2025 we thought we visit the Province of BC as the re elected NDP government introduces new taxes and policies. ...
read moreJANUARY 8, 2025 NEWS & EVENTS WITH JILLIAN KATZENBACK
Today, we bring you all the industry’s events of the week.
read moreJANUARY 7, 2025 DAILY NEWS WITH VANESSA TOPPLE
Canadian Prime Minister, Justin Trudeau has announced his resignation, marking the end of his tenure after nearly a decade in office. Trudeau cited internal challenges within his party and a desire to reset the country’s political landscape as key factors in his decision. He will remain in office until the Liberal Party selects a new leader. ...
read moreJANUARY 6, 2025 DAILY NEWS WITH VANESSA TOPPLE
New year, new format. We bring you Daily News updates. Today, we talk about conflicting reports on the outlook for 2025 in the industry. ...
read moreNEW LAWS AND RULES COMING TO ONTARIO
The Ontario government and the City of Toronto will both be introducing new rules in 2025, and here are some of the ones that you should keep on your radar. New renovictions bylaw Drawing inspiration from a Hamilton bylaw enacted in 2024, Toronto formally adopted a Rental Renoviction Licence bylaw in November to curb bad-faith evictions and protect tenants from “renovictions.” The bylaw officially comes into effect on July 31, 2025. Renovictions describe situations in which tenants are evicted...
read moreCANADIAN HOUSEHOLD DEBT OUTPACES GDP AS MORTGAGE BORROWING RETURNS
Canada’s economy is slowing down and unemployment is rising, but that isn’t slowing credit consumption. Statistics Canada (Stat Can) data shows household debt continued accelerating in October. A combination of lower rates and moral hazard has led to aggressive borrowing, with credit now rising at a faster pace than GDP. It’s a questionable setup when the economy’s fundamental indicators are eroding. Canadians Owe More Than $3 Trillion In Debt, Growth Is Accelerating Canadian borrowing is once...
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BANK OF CANADA TO RESUME CAUTIOUS APPROACH TO RATE CUTS NEXT YEAR: TD CHIEF ECONOMIST
TD Bank’s chief economist says the Bank of Canada is unlikely to make another 50-basis point (bps) cut to its overnight lending rate next year as the bank reached the top end of its neutral range with its latest jumbo cut on Wednesday. “At this point, they have hit their neutral range, at least the upper end of what they had previously estimated, and they need to be careful because you can overshoot,” Beata Caranci told BNN Bloomberg in a Thursday interview. “(Which) could provide too much...
read moreCRACK DOWN OR CRACKDOWN? AIRBNB HOSTS IN TRUDEAU’S CROSSHAIRS WITH NEW $50M ENFORCEMENT PLAN
Prime Minister Justin Trudeau has announced a federal initiative targeting short-term rental platforms like Airbnb and Vrbo. The $50-million Short-Term Rental Enforcement Fund, unveiled this week, aims to provide municipalities with resources to regulate and reintegrate short-term rental units into the long-term housing market. “There are more than 200,000 short-term rentals across the country—like Airbnbs or Vrbos—that could be turned into housing,” Trudeau stated in a post. “So we’re giving...
read moreTENANTS QUESTION IF ONTARIO’S LANDLORD AND TENANT BOARD TIMELINES ARE IMPROVING
Ontario’s Landlord and Tenant Board (LTB) is scheduling hearings faster this year than it did last year, according to estimates shared with CBC Toronto this week. Currently, the LTB estimates that the average application for non-payment of rent is scheduled for a hearing in roughly three months — down from an estimated 10 months in 2023. All other application types take an estimated five to seven months. CBC spoke to members of landlord associations and rental experts who confirmed the...
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