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Rental Housing Business Newsreel

2020 Forecast: CMHC Housing Market Outlook (VIDEO)

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

2020 Forecast: CMHC Housing Market Outlook (VIDEO)

Explore the forecasts for 2020 – 2021 and learn more about the overall economic and demographic conditions, housing starts and home sales. Find out how housing activity is expected to recover in 2020: conditions will remain supportive of housing activity over the forecast horizon starts are expected to stabilize in 2020 and 2021 sales and home prices will start recovering in 2020 Find all the details in the 2020 forecast from our Housing Market Outlook reports. This is from the Housing Market...

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Canadian Real Estate Investors Are Losing Money, Pose Risk To System: Veritas

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

Canadian Real Estate Investors Are Losing Money, Pose Risk To System: Veritas

About half of residential property investors aren’t making money, according to an informal poll from Veritas. A Toronto-based investment research firm has pinpointed what it sees as the key risk to Canada’s housing market: Money-losing investor-owners. In an informal poll of its clientele earlier this month, Veritas found that only half of those who own real estate as an investment are cash-flow positive, earning more money than the property costs them. About 18 per cent are breaking...

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First Capital Submits Urban Vision for 28 Acre Christie’s Plant Site

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

First Capital Submits Urban Vision for 28 Acre Christie’s Plant Site

If there was any question whether First Capital Realty were serious about building something substantial and out-of-the-ordinary when they bought the 11 ha/28 acre former Christie’s Cookies plant site at Park Lawn and Lake Shore in the Toronto borough of Etobicoke, any doubts would have been erased for observers of the world’s city-building scene when the company hired Allies and Morrison of London to lead the master planning with Toronto’s renowned Urban Strategies Inc.....

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What’s next for Trudeau? A new cabinet, old wounds and fresh risks

Posted in Bylaws / Regulations, CMHC, Communications, Development, Employment, Finance, Health & Safety, Housing, Newsworthy, Tax Law, Tenancy Law

What’s next for Trudeau? A new cabinet, old wounds and fresh risks

Justin Trudeau is still prime minister, but it’s going to be a rougher ride the second time around. Trudeau eked out a victory in Canada’s election Monday, winning the most seats despite losing the popular vote. He fell short of a majority but should be able to pass legislation with the support of other parties, likely the leftist New Democrats. Parliament’s return will force a change in strategy, and will likely reopen old wounds. Here’s how it could shake out. Pick a Cabinet Trudeau, as the...

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5 Top Technologies That Renters Want

Posted in Communications, Finance, Housing, Industry Trends, Newsworthy, Payments Processing, Technology

5 Top Technologies That Renters Want

A new survey shows the 5 top technologies that renters want and that, over the last year, residents’ interest in rental technologies has grown by an average of 7 points. The 2020 State of the Property Management Industry Report by Buildium and the National Association of Residential Property Managers (NARPM), surveyed both property managers and renters. In the annual survey of 1,188 renters across the county, Buildium and NARPM found the biggest gains in interest among renters were in applying...

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Rent-to-own coming for social housing?

Posted in Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Maintenance, Newsworthy, Suite Renovations

Rent-to-own coming for social housing?

Ontario Premier Doug Ford has hinted that his government might bring in a rent-to-own program for social housing tenants. In a “fireside chat” with the CD Howe Institute, Ford was asked about housing, a concern for many Canadians. “Everybody talks about affordable housing which is really important — I talk about affordable ownership,” he said Monday. “There’s a difference.” Toronto Community Housing, for example, has thousands of units sitting empty due to a repairs backlog, and those should...

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The need for more student housing in top Canadian cities is growing

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

The need for more student housing in top Canadian cities is growing

In a recent column for HuffPost Canada, markets observer Daniel Tencer said that the lack of sufficient student housing supply is a major factor driving higher rent rates in Canada’s top cities. This phenomenon was especially apparent in rental spaces situated closer to educational institutions. “These incoming foreign students need somewhere to live, and with the increased population growth, there will be pressure on the housing market in university towns,” Tencer quoted a recent analysis by...

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Perma-renters? For many young voters, home ownership is a distant dream

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

Perma-renters? For many young voters, home ownership is a distant dream

Red-hot housing markets in cities such as Vancouver and Toronto have left young people scrambling to cover rent with little left in their pockets to one day own a home – a problem that each federal party is offering to confront. In Richmond, B.C., the average home price is around $1.5 million – making it one of the most expensive communities in the country. The cost of renting is a daily reality for 27-year-old Kirsten Clarke, who lives in the Lower Mainland. “The reality for me is...

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Newcomers buying 20 per cent of homes in Canada: survey

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

Newcomers buying 20 per cent of homes in Canada: survey

A new survey finds that newcomers are buying one in five homes in Canada. Over the next five years, they’re expected to buy about 680,000 homes, and that’s good news for the Canadian economy and its real estate market, the survey suggests. About 1,500 people were surveyed by Royal LePage over the summer, and all of those surveyed moved to Canada within the last decade. That includes refugees, immigrants and students, representing 21 per cent of homebuyers in the country....

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Empty Garages: The Answer to California’s Housing Shortage?

Posted in Appraisal, Bylaws / Regulations, Communications, Development, Finance, Housing, Industry Trends, Newsworthy, Real Estate Law, Suite Renovations, Tenancy Law

Empty Garages: The Answer to California’s Housing Shortage?

“Steps from USC campus, a modern, newly built detached studio apartment. Full kitchen w/ brand-new gas stove, dishwasher. Washer/dryer, full bath, a/c, bedroom nook, ready-to-go entertainment hookups. Scandinavian design appeal. Walking distance to L.A. Metro. $1,400/month.” A dream Los Angeles rental listing? At 20 percent below market, in a neighborhood where the alternative is a 70-year-old building with a coin-operated laundry? It’s not reality yet, but it will be soon. Construction will...

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