Canada’s one stop platform and the #1 National voice to the rental housing industry

Rental Housing Business Newsreel

AS CANADIANS LAMENT RISING HOUSE PRICES, WHICH PARTY OFFERS SOLUTION AS FEDERAL ELECTION LOOMS?

Posted in Housing, Industry Trends, Newsworthy, Politics

AS CANADIANS LAMENT RISING HOUSE PRICES, WHICH PARTY OFFERS SOLUTION AS FEDERAL ELECTION LOOMS?

On the Reddit channel where Canada’s disaffected would-be homebuyers debate soaring prices, some people have had enough. “How much we have fallen as a nation,” wrote one commenter on r/canadahousing, lamenting the fact that a two-income professional couple in a large city today can only afford “a shoebox condo,” while earlier generations moved into sprawling suburban homes. A question has emerged among this group: Who to abandon the Liberals for? The Conservatives or the NDP? It seems the...

read more

CANADIAN HOUSING AFFORDABILITY GOT WORSE UNDER TRUDEAU BUT DID HE DO THE WORST?

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Politics

CANADIAN HOUSING AFFORDABILITY GOT WORSE UNDER TRUDEAU BUT DID HE DO THE WORST?

Prime Minister Justin Trudeau did the worst job with housing in the history of leaders. No, it was definitely Prime Minister Stephen Harper that oversaw the worst… No… this goes back to… Brian Mulroney? Uh, that was 30 years ago, but whatever. Ever since Canada’s election kicked off, everyone’s been arguing about housing. More specifically, whether the current Prime Minister (PM) dropped the ball on affordability. We hate data-less arguments, so we thought we would crunch the numbers to...

read more

STATEMENT ON NOVA SCOTIA ELECTION RESULT

Posted in Newsworthy, Politics

STATEMENT ON NOVA SCOTIA ELECTION RESULT

Kevin Russell, Executive Director of Investment Property Owners Association of Nova Scotia, issued the following statement about the Nova Scotia Election results: Congratulations to Tim Houston and the PC Party of Nova Scotia on securing a majority government in yesterday’s election. To all the MLAs elected, regardless of party or independent status, congratulations on Nova Scotians placing their confidence in them. Thank you to outgoing Premier Iain Rankin and his Liberal government for their...

read more

CANADA’S COST OF LIVING IS THE NUMBER ONE ISSUE THIS ELECTION

Posted in Housing, Industry Trends, Newsworthy, Politics

CANADA’S COST OF LIVING IS THE NUMBER ONE ISSUE THIS ELECTION

Canada’s highly indebted households are worried about their cost of living. Now they want politicians to fix it. Abacus Data polled voters in August for their top concerns this election. Voters overwhelmingly agree the cost of living is the biggest, by far. It was an issue last election, but not to this extent — nearly two-thirds of Canadians feel it’s a big concern now. Their politics didn’t make much of a difference either. It was the first or second concern for the majority across the...

read more

HOW FEDERAL PARTIES PLAN TO FIX HOUSING CRISIS AFTER YEARS OF FAILED POLICIES

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Politics

HOW FEDERAL PARTIES PLAN TO FIX HOUSING CRISIS AFTER YEARS OF FAILED POLICIES

One of the most pressing issues for Canadians as the election campaign heats up is the soaring cost of housing. The Conservatives and NDP wasted no time in releasing platforms with promises to address the problem, using solutions largely targeting new home construction and favourable tax measures. The Liberals haven’t been as quick to the draw in releasing a full-fledged party platform on housing. But after years of policies that real estate analysts and financial watchdogs say have failed to...

read more

WHERE EACH PARTY STANDS SO FAR

Posted in Newsworthy, Politics

WHERE EACH PARTY STANDS SO FAR

Canadians will head to the polls on Sept. 20 after one of the shortest election campaigns ever. Before that, the leaders of each political party will attempt to appeal to voters coast-to-coast-to-coast, detailing their plans to revive the economy following the COVID-19 pandemic. Here’s a look at what each party has promised so far on the major issues affecting the economy, business and your money. BNN Bloomberg will update this platform tracker as more details are announced. CHILD CARE...

read more

LIBERAL, CONSERVATIVE RACE NARROWING, NANOS SURVEY SUGGESTS

Posted in Newsworthy, Politics

LIBERAL, CONSERVATIVE RACE NARROWING, NANOS SURVEY SUGGESTS

The race between the Liberals and the Conservatives is narrowing with upward movement in favour of the Conservatives as week one of the federal election campaign comes to a close, according to nightly tracking conducted by Nanos Research for CTV News and The Globe and Mail. According to the latest nightly tracking ending Friday, which was released Saturday morning, support for the Conservative Party has increased by 3.9 per cent between Aug. 12 and Aug. 20, during the timeframe that saw...

read more

JUSTIN TRUDEAU LIBERALS’ TOP FIVE PROMISES BROKEN

Posted in Newsworthy, Politics

JUSTIN TRUDEAU LIBERALS’ TOP FIVE PROMISES BROKEN

Political parties make promises in order to get votes but often don’t follow through. As Justin Trudeau and the Liberals ask voters to back them once more, here are some of the broken promises that should make people think twice about trusting them again. Mobile phone and internet costs Canadians pay some of the highest rates for mobile phones and internet access in the developed world, so promising to cut rates for each by 25% in the 2019 campaign was a bold promise. But there has been no...

read more

CANADA ADDS MOST NEW RESIDENTS IN YEARS AS RESTRICTIONS EASE

Posted in Immigration, Industry Trends, Newsworthy

CANADA ADDS MOST NEW RESIDENTS IN YEARS AS RESTRICTIONS EASE

Canada welcomed the largest number of newcomers in years in July amid an improving Covid-19 backdrop, which allowed the government to begin easing travel restrictions for new arrivals. The nation admitted 39,500 permanent residents during the month, according to the immigration ministry. That’s the highest monthly total since at least 2015 and is on top of the nearly 35,700 permanent residents in June. Canada has granted permanent residency to 184,205 people in the first seven months of the...

read more

CANADA IS SPENDING $73 BILLION ON AFFORDABLE HOUSING, AND IT WILL PUSH PRICES HIGHER

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy

CANADA IS SPENDING $73 BILLION ON AFFORDABLE HOUSING, AND IT WILL PUSH PRICES HIGHER

Canada’s massive multi-billion dollar program to create affordable housing will only have a “limited” impact. That’s the take from the non-partisan Parliamentary Budget Officer (PBO), tasked with explaining the numbers behind policies, to lawmakers. They found the federal program is billed as a “$70+ billion plan,” but failed to find a significant impact. In fact, in some cases they indicate it might be taking credit for existing supply in the pipeline. It’s actually generous to say it does...

read more