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BANK OF CANADA CUTS KEY INTEREST RATE TARGET WHILE LIBS UP WAGE SUBSIDY

Posted in Coronavirus, Finance, Industry Trends, Media Releases, Newsworthy

BANK OF CANADA CUTS KEY INTEREST RATE TARGET WHILE LIBS UP WAGE SUBSIDY

Canada’s central bank made yet another unscheduled rate cut Friday to bring its key interest target down to a crisis-level low, and the federal government upped its financial lifeline to businesses in a two-pronged effort to further combat the economic shock from COVID-19. It was the double shock from the novel coronavirus and a sharp drop in oil prices that spurred the Bank of Canada’s surprise announcement — its second unscheduled cut this month and third overall this month — to lower its...

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CFAA-RHC 2020 WILL NOT TAKE PLACE LIVE FROM JUNE 8 TO 10, 2020

Posted in Association News, Coronavirus, Events, Newsworthy

CFAA-RHC 2020 WILL NOT TAKE PLACE LIVE FROM JUNE 8 TO 10, 2020

Due to concerns over the COVID-19 situation, and in the best interest of our staff and attendees, CFAA has decided to cancel CFAA-RHC 2020 in Halifax from June 8 to 10, 2020. CFAA is looking into alternate options, such as on-line content and webinars, that would still allow us to bring you the valuable information from our education sessions, speakers and sponsors. Stay tuned for further updates! We expect that CFAA-RHC 2021 will take place in person and will follow the usual format. More...

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DOUG FORD ANNOUNCES HYDRO RATE RELIEF

Posted in Bylaws / Regulations, Coronavirus, Finance, Industry Trends, Legislation, Media Releases, Newsworthy

DOUG FORD ANNOUNCES HYDRO RATE RELIEF

Ontario is temporarily slashing hydro rates for families, farmers and small businesses amid the COVID-19 crisis. Premier Doug Ford, alongside Energy Minister Greg Rickford, announced Tuesday that the province will lower rates for at least six weeks to offset higher consumption as more people work from home or remain in self-isolation. “We know this is a challenging time for all Ontarians who are doing the right thing by staying home. We realize this means people are using more electricity...

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TORONTO ANNOUNCES MEASURES TO HELP LOW-INCOME RENTERS

Posted in Affordable Housing, Bylaws / Regulations, Coronavirus, Finance, Housing, Legislation, Newsworthy

TORONTO ANNOUNCES MEASURES TO HELP LOW-INCOME RENTERS

Low-income renters in the city’s public housing system may soon catch a break. On Tuesday, Toronto mayor John Tory announced plans by the Toronto Community Housing Corp. (TCHC) to work with renters to ensure they’ll be able to keep their homes during the coronavirus outbreak. “These are extraordinary times and we know there are some people who need extraordinary help,” said Tory in a statement. “Toronto Community Housing is showing leadership and working with tenants who have suddenly lost...

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COVID-19 “CERB” PROGRAM MAY RESOLVE “RENT REPAYMENT” ISSUES

Posted in Bylaws / Regulations, Coronavirus, Finance, Industry Trends, Legislation, Media Releases, Newsworthy

COVID-19 “CERB” PROGRAM MAY RESOLVE “RENT REPAYMENT” ISSUES

Yesterday, the federal government introduced the Canada Emergency Response Benefit (CERB) which is intended to quickly direct income support payments to Canadians whose income has been lost or severely reduced because of COVID-19. The government claims that Canadians who qualify for the program can now expect payments of up to $2000.00 within weeks and the payments should continue for four months. This means that many of the rent defaults landlords may experience on their April rent rolls...

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RENTAL MANAGEMENT BUSINESSES CAN STAY OPEN IN ONTARIO

Posted in Bylaws / Regulations, Coronavirus, Employment, Industry Trends, Legislation, Newsworthy, Professional Services

RENTAL MANAGEMENT BUSINESSES CAN STAY OPEN IN ONTARIO

On March 23, the Ontario Government announced the mandatory shutdown of workplaces not deemed to be essential. Rental management has been deemed to be essential. Therefore, rental management businesses are legally allowed to continue their operations and keep their offices open for their employees. However, that does NOT mean they should conduct business as was usual before Covid-19. ALL businesses should minimize in-person contact as much as possible, including operating by telephone or over...

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TO OUR LOYAL READERS AND INDUSTRY PROFESSIONALS

Posted in Communications, Coronavirus, Industry Trends, Marketing, Media Releases, Newsworthy, Professional Services

TO OUR LOYAL READERS AND INDUSTRY PROFESSIONALS

In recent weeks, we have all been exposed to a great deal of stress and frustration.  I wanted to take this time to wish you and your family well and to let you know that RHB is classified as ‘an essential workplace’, in accordance with the Ontario Government’s published list of essential workplaces in response to COVID-19, as;     Communications industries Newspaper publishers Radio & Television Broadcasting Telecommunications providers Thus, we are pleased to announce that we are open...

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RENT FREEZES, EVICTION DEFERRALS NEEDED AMID CORONAVIRUS FALLOUT: EXPERTS

Posted in Bylaws / Regulations, Coronavirus, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy

RENT FREEZES, EVICTION DEFERRALS NEEDED AMID CORONAVIRUS FALLOUT: EXPERTS

Nearly half of Canadian renters live paycheque to paycheque — and the novel coronavirus pandemic is bound to strain their finances more, according to a report released by the Canadian Centre for Policy Alternatives on Monday. Nearly 3.4 million Canadian households that rent earn income via employment or self-employment, according to Statistics Canada data from 2016. The CCPA report found that 46 per cent — or 1.6 million households — of those Canadians have savings to last them one month or...

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RESIDENTIAL TENANTS, LANDLORDS FACE DILEMMA AS RENT COMES DUE ON APRIL 1

Posted in Bylaws / Regulations, Coronavirus, Housing, Industry Trends, Legal, Legislation, Newsworthy

RESIDENTIAL TENANTS, LANDLORDS FACE DILEMMA AS RENT COMES DUE ON APRIL 1

As the economic impact of the COVID-19 pandemic ripples across Canada, another wave may crest within the week as rent comes due for residential tenants. April 1 is a pressing deadline for tenants and landlords alike as the novel coronavirus keeps people at home and closes businesses, leaving tens of thousands of Canadians out of work. “It reminds me of a ‘Mission: Impossible’ movie, where tick, tick, tick, the time is ticking down and someone has to try to save the day before...

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CANADA’S COVID-19 ECONOMIC RESPONSE PLAN: SUPPORT FOR CANADIANS AND BUSINESSES

Posted in Bylaws / Regulations, Coronavirus, Finance, Health & Safety, Media Releases, Newsworthy

CANADA’S COVID-19 ECONOMIC RESPONSE PLAN: SUPPORT FOR CANADIANS AND BUSINESSES

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses. Support for Canadians...

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