Sign Up | Archives June 21, 2016
Tenant protection attached to carbon pricing
Yet-to-be clarified language in Ontario’s recently released Climate Change Action Plan (CCAP) hints that rental housing landlords could be uniquely prohibited among bulk fossil fuel purchasers from passing cap-and-trade related costs farther down the chain of consumers.
Multi-unit starts expected to slow in 2016
According to Canada Mortgage and Housing Corporation's Q2 Housing Market Outlook, housing starts at the national level (including multi-unit starts) are expected to slow in 2016 and 2017, while MLS sales will reflect renewed economic growth in 2016 before falling back slightly in 2017.
Seniors' housing vacancy rate on decline
Canada Mortgage and Housing Corporation released its Seniors’ Housing Report  for Ontario, highlighting that the overall vacancy rate for seniors’ residences dropped from 11.5 per cent last year to 10.7 per cent in 2016, the lowest level since 2001.
Building a Pavement Maintenance Plan
Building a maintenance plan is key to the longevity of your paved areas, as heavy damage can be avoided through regular maintenance checks. This requires being proactive and addressing issues before they arise, rather than being reactive and trying to tackle issues as they come up.
Ontario announces 2017 rent increase guideline
The 2017 rent increase guideline in Ontario has been set at 1.5 per cent. This increase represents the maximum most landlords can raise a tenant’s rent without the approval of the Landlord and Tenant Board. It is applicable to rent increases between January 1 and December 31, 2017.
Quebec City condo to allow Airbnb-style rentals
Condos LB9, a new $150-million condominium development to be located in Quebec City, is the first project in Canada with a condominium agreement that specifically allows units to be rented short-term.
H&S Building Supplies Ltd. is one of Ontario's premier maintenance supply wholesalers. We specialize in the multi-unit residential space; providing quality products, competitive prices, on-time delivery, and product knowledge second to none. We exist to service & supply the property management industry.
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David Melo appointed Timbercreek president
Timbercreek Asset Management announced that David Melo, the firm's current Managing Director of Finance, has been appointed to the role of President, Timbercreek Communities, the division responsible for the operations of the Canadian multi-residential properties held in Timbercreek-managed portfolios.
The Sumach by Chartwell breaks ground in T.O.
Chartwell Retirement Residences, Welltower Inc. and The Daniels Corporation unveiled plans today for The Sumach by Chartwell, a new urban rental residence for active, retired adults located in the revitalized Regent Park neighbourhood of downtown Toronto.

Balcony mishaps in residential towers
Stories of fatalities due to faulty balcony railings, structural deterioration, and unsafe behaviour are rampant in the news. Due diligence and education are key steps to prevent tragedy.
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