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The economics of developing purpose-built rental housing

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

The economics of developing purpose-built rental housing

CMHC commissioned a research project to assess the general economics of developing purpose-built rental apartment buildings in six of Canada’s major markets. These were Vancouver, Calgary, Winnipeg, Toronto, Montréal and Halifax. The project was undertaken to provide insight on current factors that can influence investors’ and developers’ decisions to fund purpose-built rental housing. To that end, the analysis used a pro forma spreadsheet tool. This tool was used to summarize the financial...

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Residential Tenancies Act amendments a potential source of claims

Posted in Bylaws / Regulations, Communications, Housing, Industry Trends, Legal, Legislation, Newsworthy, Professional Services, Real Estate Law, Tax Law, Tenancy Law

Residential Tenancies Act amendments a potential source of claims

LAWPRO is monitoring the impact of changes to the Residential Tenancies Act, 2006 introduced in April. Lawyers who represent landlords and the purchasers of rental properties will have significant responsibility for communicating the changes to their clients and for supporting compliance. The article below, prepared for us by Joe Hoffer of Cohen Highley LLP, provides a useful overview of the amendments. We will provide additional coverage, as warranted, (and including with respect to the new...

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Is rent control making Toronto’s vacancy squeeze worse?

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Condo Conversions, Development, Finance, Housing, Industry Trends, Legislation, Newsworthy, Professional Services, Real Estate Law, Rent Control, Tax Law, Tenancy Law

Is rent control making Toronto’s vacancy squeeze worse?

There are other business complications in developing rentals that would loosen the vacancy squeeze. If developers were allowed to add 10 floors to every building proposal this year, there would be thousands of new rental units on the market in a short time, says Joseph Feldman, director of development for Camrost Felcorp. “Ten storeys — that takes an extra 10 weeks on the construction cycle. A new 10-storey building takes a couple of years,” he said. “By just allowing a couple more floors, the...

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First National’s mortgage investment fund to end by December

Posted in Communications, Finance, Newsworthy, Payments Processing, Professional Services

First National’s mortgage investment fund to end by December

First National Financial announced Wednesday its mortgage investment fund will be terminated by next month. Unitholders are not required to take any action, according to the fund’s manager, Stone Asset Management. Instead, the fund will pay them a special distribution before termination. The payout will be based on the amount necessary to eliminate the fund’s liability for non-refundable income tax under the Income Tax Act. The move comes as the favourable tax treatment for the forward...

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EPIC 2017: A huge success!

Posted in Bylaws / Regulations, CMHC, Communications, Development, Elevators, Events, Finance, Housing, HVAC / Mechanical, Industry Trends, Insurance, Interior Building, Legislation, Maintenance, Newsworthy, Professional Services, Rebates, Restoration, Retrofit, Roofing, Suite Renovations, Technology, Utility Management

EPIC 2017: A huge success!

On Monday November 6th 2017 our industry was witness to the highly successful, informative, new and innovative show that brought LCD’s, Owners and trades together for a true insight on how to take advantage of industry incentive programs. RHB Magazine was the media sponsor of Energy Programs and Incentives Conference (EPIC) 2017, which showcases active energy programs within the City of Toronto, in addition to rebates and incentives that help building owners and managers, as well as engineers...

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CMHC partners to improve housing data in Canada

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Condo Conversions, Development, Finance, Housing, Industry Trends, Insurance, Legislation, Newsworthy, Professional Services, Real Estate Law

CMHC partners to improve housing data in Canada

At Canada Mortgage and Housing Corporation (CMHC), we see ourselves as Canada’s authority on housing. If we don’t have the answers or expertise in-house, we can tell you who does. That’s part of being a trusted source of information on housing. Being an authority means that we continuously work to maintain the data, tools and partnerships we need to have a complete picture of Canada’s housing markets. It also means that we need to identify the data gaps that stand in the way of bringing that...

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The Workplace Better Get Ready For Gen Z, The ‘Uber-Millennials’

Posted in Communications, Employment, Industry Trends, Marketing, Newsworthy, Professional Services, Technology

The Workplace Better Get Ready For Gen Z, The ‘Uber-Millennials’

They’re reinforcing the movement the millennials started by making employers rethink work, motivation, reward, engagement, commitment and trust. Meaningful and rewarding work is very important to Generation Zs, just like it is for their millennial brothers and sisters. And with Gen Z beginning to enter the workforce, now is the time to prepare so that your business benefits. As a bonus, you’ll likely increase your relationship with — and retention of — millennials. What Gen Zs are...

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Five ways to attract (and keep) great staff

Posted in Communications, Employment, Industry Trends, Professional Services, Technology

Five ways to attract (and keep) great staff

According to one Gallup poll, 50 per cent of employees leave their job because of their bosses. Other studies have shown that employees leave for several other reasons such as opportunity, better pay or more responsibility. Regardless, attracting and retaining quality staff is not only good for the bottom line, it’s good for customer service. So here are five ways to best attract and retain great staff. 1. Be a coach, not a dictator. We all know being a manager or owner is not an elected...

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Energy Programs and Incentives Conference (EPIC) 2017

Posted in Bylaws / Regulations, Communications, Development, Elevators, Events, Exterior Building, Finance, Housing, HVAC / Mechanical, Industry Trends, Interior Building, Legislation, Maintenance, Media Releases, Newsworthy, Professional Services, Restoration, Retrofit, Roofing, Suite Renovations, Technology, Utility Management

Energy Programs and Incentives Conference (EPIC) 2017

MINGO Rally presents: The Energy Programs and Incentives Conference (EPIC), Toronto   ONE FOCUS. ONE GOAL. Did you know that more than tens of $millions of energy incentives are available to building owners every year? Navigating the variety of energy programs and incentives available to apartment owners can be overwhelming and intimidating. EPIC – The Energy Programs and Incentives Conference, showcases active energy programs within the City of Toronto, along with their incentives and...

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Green-Collar Workers Will Help Shape Canada’s Next-Gen Cities

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Health & Safety, Housing, Industry Trends, Newsworthy, Professional Services, Technology, Utility Management, Waste Management

Green-Collar Workers Will Help Shape Canada’s Next-Gen Cities

We are on the verge of yet another pivotal moment in our nation’s infrastructure history — one that is sure to again shape our future economy. Canada’s economy is inextricably linked to our infrastructure — and it’s always been so. Our nation and its economy would have developed very differently were it not for the construction of a transcontinental railway just fourteen years after Confederation in 1867. In the afterglow of Canada’s 150th anniversary, the country and...

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