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Rent Control

WHAT DOES A $1,500 APARTMENT LOOK LIKE ACROSS CANADA?

Posted in Exterior Building, Housing, Interior Building, Rent Control

WHAT DOES A $1,500 APARTMENT LOOK LIKE ACROSS CANADA?

Story by: Sonia Bell In today’s market, monthly rent of $1,500 won’t necessarily get you the most luxurious apartment rental. However, some apartments within neighbourhoods across Canada can offer you a little more bang for your buck. So, what exactly can approximately $1,500 get you in the hippest neighbourhoods in cities across Canada? Here’s what a $1,500 apartment looks like in seven Canadian neighbourhoods. Here we go… Beltline, Calgary Price: $1,505 Bedrooms: 2 Bathrooms: 1.5...

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Rental Crunch: B.C. Housing Minister warns of possible hikes under rent-control system

Posted in Bylaws / Regulations, CMHC, Communications, Housing, Legislation, Newsworthy, Rent Control

Rental Crunch: B.C. Housing Minister warns of possible hikes under rent-control system

Talk by the provincial government about possible hikes to rent controls is sure to send shivers up the spine of B.C.’s 1.1-million renters. The current system of rent controls, which has been in effect since 2004, is defined as a two per cent increase per year plus the rise in the Consumer Price Index, which is currently running at 1.1 per cent. Housing Minister Rich Coleman told The Sunday Province that discussions will be held soon, with a view to perhaps permitting the level of increases to...

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FOR RENT: Tips for picking the perfect tenant

Posted in Communications, Housing, Marketing, Real Estate Law, Rent Control, Suite Renovations, Tenancy Law

FOR RENT: Tips for picking the perfect tenant

Finding a suitable candidate for your rental property is a matter of asking the right questions When it comes to managing rental properties, Ryan Bondy and Dave Bradt know their stuff. Bondy, owner of Evernew Professional Services, has been in the rental management business for over 10 years and oversees over 140 rental units across Essex County. Bradt is the building manager for Timbercreek’s Alexander Park Apartments, an 80-unit building on Riverside Drive in Windsor. Among their duties...

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Ontario Rental Housing Stock Lags as Rules & Economics favour Condos

Posted in CMHC, Condo Conversions, Development, Finance, Housing, Industry Trends, Newsworthy, Rent Control

Ontario Rental Housing Stock Lags as Rules & Economics favour Condos

An interesting confluence of trends is affecting an almost-forgotten segment of the Toronto real estate market. For the longest time, Toronto enjoyed a vibrant and robust pure rental market of apartment buildings purposely built to lease for residential uses. Most of these apartment buildings date back to the 1960s and ‘70s and most still stand today. While quite a number of pure rental apartment buildings remain in the city, there are very few of them under construction today. Morguard Corp....

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Rental rate increase good news for REITs

Posted in CMHC, Finance, Housing, Industry Trends, Rent Control

Rental rate increase good news for REITs

Renters might not like it much, but a provincially mandated increase in rent-controlled Ontario is likely to be greeted with open arms by landlords and a couple of real estate investment trusts, even though the hike is weak by historical standards. After only allowing an increase of 0.8% in 2014, near an all-time low, the Ontario Ministry of Municipal and Housing Affairs will double that to 1.8% in 2015. Despite the increase, Mario Saric, a real estate analyst at Scotiabank, said the announced...

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CMHC Spring Rental Market Report – Vacancy Rates Move Higher

Posted in CMHC, Communications, Housing, Industry Trends, Rent Control

CMHC Spring Rental Market Report  – Vacancy Rates Move Higher

Tenants in Ontario are enjoying greater choice in apartment availability, as CMHC’s spring 2014 rental market survey pointed to vacancy rates increasing to 2.8% from 2.6% one year ago. Ontario’s availability rate, which includes vacant units plus rental units where existing tenants are moving and a new tenant has not signed a lease, also increased from 4.5% to 4.9% year-over-year. Some major cities are seeing very high levels of apartment availability, such as in London (7.7% availability) and...

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Ontario Rent Guideline for 2015 is 1.6%

Posted in CMHC, Communications, Finance, Housing, Newsworthy, Rent Control

Ontario Rent Guideline for 2015 is 1.6%

Based on all available consumer price index (CPI) data from Statistics Canada, the rent increase guideline for 2015 will be 1.6%. This 2015 rent guideline was officially confirmed today by the Ontario Ministry of Municipal Affairs & Housing.  . The rent guideline is calculated using the average annual increases in CPI for each month from June to May. The data used to calculate the 2015 rent guideline is listed below. The Ontario government passed legislation on June 13, 2012 to amend the...

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Last chance to register for Canada’s most comprehensive Rental Housing Conference

Posted in CMHC, Communications, Development, Employment, Events, Housing, Industry Trends, Marketing, Rent Control, Senior Housing, Student Housing, Tax Law, Tenancy Law

Last chance to register for Canada’s most comprehensive Rental Housing Conference

CFAA 2014 Rental Housing Conference – Registration deadline: Tuesday, June 3! CFAA’s Rental Housing Conference is fast approaching. The deadline to register for the conference is Tuesday, June 3. The conference runs June 9-11, at the Sheraton Vancouver Wall Centre Hotel. This year’s conference is the most comprehensive CFAA has put on. In addition to the building innovations bus tour on Monday, June 9, there will be 31 education sessions, in 6 streams, and 4 keynote speakers from June 10 to...

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2014 APARTMENT MARKET REPORT

Posted in Bylaws / Regulations, CMHC, Finance, Housing, Industry Trends, Newsworthy, Rent Control

2014 APARTMENT MARKET REPORT

The RHB Apartment Market Report for 2014 reports on the current state of the rental housing industry across Canada, including vacancy rates and average rent increases. Also provided are economic and apartment sales forecasts for 2014 and 2015. The report has been prepared by John Dickie, CFAA President, and Tony Manganiello of Cushman & Wakefield, using the CMHC Fall 2013 Rental Market Surveys, CMHC Housing Market Outlook, Canada Edition – First Quarter 2014, and proprietary data and...

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INFOGRAPHIC: EVERYTHING YOU NEED TO KNOW ABOUT THE CANADIAN RENTAL MARKET

Posted in CMHC, Development, Housing, Industry Trends, Newsworthy, Rent Control

INFOGRAPHIC: EVERYTHING YOU NEED TO KNOW ABOUT THE CANADIAN RENTAL MARKET

Whether you’re curious as to what the rental landscape looks like coast-to-coast or you’d like to  compare how your portfolio is performing in another part of the country, this handy new infographic from BuzzBuzzHome will answer some of the questions you might have about the Canadian rental market. Check out the cross-Canada comparisons of everything from vacancy rates to deposit rules. Prices and vacancy rate stats apply to purpose-built apartments only. Play around with the fully...

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