Sign Up | Archives March 28, 2017
Canada’s red hot rental market
2016 was a monstrous year for Canadian real estate, and it’s hard to imagine what the effects of another record-setting year will have on the red hot rental market. Not only was last year record-breaking, but it came on the heels of a record-breaking 2015, further compounding the enormous increases.
Saskatchewan landlords lose key PST exemptions
Saskatchewan landlords experienced a budget double whammy March 22 — receiving the more forceful cost hit from their provincial finance minister. His budget delivered a surprise reinstatement of provincial sales tax (PST) on labour costs associated with renovation, retrofit and maintenance projects and a province-wide increase in education property taxes.
More purpose-built rental needed in GTA: CIBC
Preventing a full-blown housing-affordability crisis in the Greater Toronto Area will require GTA-specific policies aimed at increasing the supply of purpose-built rental units, finds a new report by CIBC Capital Markets.
Higher Rents, Better Returns
Many apartment owners wonder about strategies that they can use to justify higher rents in their buildings. They are often looking for a way to increase investor returns and bottom line performance. First National's Daniel Bragagnolo offers strategies for increasing rents to fuel growth.
Canada’s new National Housing Strategy
The Federal Budget 2017, released March 22nd, proposes to invest more than $11.2 billion over 11 years in a variety of initiatives designed to build, renew and repair Canada’s stock of affordable housing.
Energy efficiency draws fraction of spending
The Canadian government is looking for waste and savings opportunities across its vast and varied portfolio of capital assets. The newly released 2017 budget announces the launch of a three-year comprehensive review as part of ongoing efforts to better manage federal expenditures.
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CREA housing market forecast predicts falling sales
The updated housing market forecast for 2017 and 2018 from the Canadian Real Estate Association (CREA) predicts national sales activity will fall by three per cent to 518,700 units in 2017.
Unit owners sell boutique buildings to developer
The sale of a property in midtown Toronto that closed in January marks Ontario’s first case of unit owners terminating a condo corporation by vote, confirmed Greg Marley, partner at Deacon, Spears, Fedson and Montizambert, who acted as legal counsel for the corporation and owners.
B.C. updates four-storey sprinkler requirements
An update to the B.C. Building Code will require fire sprinklers to be installed on the balconies of all new four-storey wood-frame residential buildings. The new sprinkler requirements will take effect on July 20, 2017.

Promise of age-friendly communities rings false
Recent analysis of how Canadian suburbs accommodate aging residents concludes that the streetscapes, housing mix and array of neighbourhood services and amenities typically fail to meet seniors’ needs.
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