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GTA New Toronto shelters being built to convert to housing, city staff says

Posted in Bylaws / Regulations, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

GTA New Toronto shelters being built to convert to housing, city staff says

Toronto’s new emergency shelters are being built to evolve, according to the city division in charge of expanding the system. “We are designing with housing in mind,” said Mary-Anne Bédard, general manager of shelter, support and housing administration, speaking before economic and community development committee at city hall on Tuesday. “We are building shelters that are focused on room sizes and configurations that can be easily and without a lot more investment (be converted to) independent...

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2020 Canadian Property Assessment Appeal Deadlines

Posted in Appraisal, Bylaws / Regulations, Communications, Finance, Housing, Newsworthy

2020 Canadian Property Assessment Appeal Deadlines

Take the time to review your property assessment when it arrives and download the 2020 Canadian Property Assessment Appeal Deadlines to track key deadlines in your region. Why should you review? Property taxes can be a significant cost to your business. The only way to ensure your taxes are fair and equitable is to review your assessment notice. You will then have a limited amount of time to appeal the assessed value of your property which can, in turn, lower the amount of property taxes owed....

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Landlords threatening class action lawsuit against government if reforms not made

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

Landlords threatening class action lawsuit against government if reforms not made

‘It’s ridiculous now. It’s crazy, It’s totally broken down’ Landlords in Ontario are losing patience with lengthy delays at the governing board which oversees the industry, and is ready to go to court to get changes, John Wilson is on the steering committee for the Affordable Housing Providers of Ontario, which is an umbrella organization representing landlord associations across Ontario. H says his group submitted suggestions in June to the government to reform...

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You can provide input into Federal Budget 2020 – Act now

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

You can provide input into Federal Budget 2020 – Act now

Finance Minister Morneau has announced a limited pre-budget consultation. Here is the link. To have your say, you are best to act this week, or at least by Friday, January 24. Main Concerns and Priorities For Budget 2020, CFAA’s main concern is that the government might increase taxes on rental housing. The government plans to review the capital gains inclusion rate. The government is also considering limiting the interest that can be deducted against business income. That could be a serious...

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2020 rents will increase to start decade of tighter rental market

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

2020 rents will increase to start decade of tighter rental market

Experts call for creative, collaborative solutions to rising rents, affordability, lower vacancy rates Rents will continue to climb in 2020 in major metropolitan areas in Canada, but while the increases won’t be as much as the last few years, finding the right rental will continue to be a challenge, according to housing experts from around the country.  The average rental rates will increase by 3 per cent year over year on a national basis in 2020, according to the December National Rent...

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New Chief at Omers Sees Canada Pensions as ‘Envy of the World’

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

New Chief at Omers Sees Canada Pensions as ‘Envy of the World’

The new head of Ontario Municipal Employment Retirement System is feeling pretty confident about the pension fund’s ability to find pockets of value this year. “The Canadian pension plans are the envy of the world in so many ways,” Blake Hutcheson said in an interview with BNN Bloomberg. “It’s been made okay to own platforms and buy and scale companies giving us tremendous competitive advantage. It’s been made okay to put teams together and pay them properly to compete with the best of the...

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Climate change, aging population major economic factors in RBC forecast for 2020s

Posted in Bylaws / Regulations, Communications, Finance, Health & Safety, Industry Trends, Newsworthy, Utility Management

Climate change, aging population major economic factors in RBC forecast for 2020s

A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from an aging population. “By 2030, Canada’s economy could look significantly different,” says the RBC report released Monday, dubbed Navigating the 2020s. “A country whose economic identity has long been bound to natural resource extraction will accelerate its transformation into a services economy.” An older population will present governments with...

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Monthly rent across Canada expected to rise — especially in these 3 cities: report

Posted in Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Monthly rent across Canada expected to rise — especially in these 3 cities: report

Low vacancy numbers, unaffordable housing and high interest rates may cause rental prices across Canada to increase in 2019, according to a new report. On Thursday, Rentals.ca released its 2019 rental market predictions, saying that finding an apartment, house or townhouse to call home will continue to challenge renters this year, mainly in Canada’s larger cities. The average rental rates could increase by six per cent year over year on a national basis in 2019, the report said. In Toronto,...

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Ontario Ombudsman Launches Investigation into Landlord and Tenant Board

Posted in Bylaws / Regulations, Communications, Housing, Industry Trends, Newsworthy

Ontario Ombudsman  Launches Investigation  into Landlord and Tenant Board

Ontario’s ombudsman is launching an investigation into delays at the Landlord and Tenant Board. Paul Dube says case backlogs at the board are getting worse and complaints to the ombudsman’s office about long waits for hearings and decisions are increasing. He says the office received more than 200 complaints about the board in the last fiscal year, and 80 were specifically about delays. Dube says those delays “have a very real human impact,” such as a landlord having to go without needed...

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RHB TV EPISODE 5 IS NOW LIVE!

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

RHB TV EPISODE 5 IS NOW LIVE!

Watch our exclusive interview with Benjamin Tal where we sit down to discuss the current state and future trends of the rental housing market. Ben Myers brings us the latest rental market conditions in Vancouver and Toronto- including results from StatsCan’s “Canadian Household Survey”. Later, we’ll go on location with Jason Cosentino, as he tours G.W.L Realty Advisor’s latest, purpose-built development. We’ll also be bringing you exclusive coverage from the 2019 FRPO MAC...

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