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Rental Housing Business Newsreel

HEAD OF MAYORS’ GROUP PUSHES BACK ON POILIEVRE, SAYS CANADIAN CITIES ‘NOT GATEKEEPERS’

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HEAD OF MAYORS’ GROUP PUSHES BACK ON POILIEVRE, SAYS CANADIAN CITIES ‘NOT GATEKEEPERS’

Mayors are community builders, not gatekeepers, Canada’s municipal governments said Monday as their spokesperson pushed back against language that Conservative Leader Pierre Poilievre often uses to attack city leaders. Scott Pearce, president of the Federation of Canadian Municipalities, was speaking at a news conference in Ottawa ahead of the spring budget to call on the federal government for more infrastructure money. When asked about Poilievre’s proposed housing plan, Pearce...

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WEEK OF FEBRUARY 26 2024 NEWSREEL WITH VANESSA TOPPLE

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WEEK OF FEBRUARY 26 2024 NEWSREEL WITH VANESSA TOPPLE

This week, headlines take us out west, specifically British Columbia where once again more money was announced by the NDP government under the program, BC Builds, to tackle the housing crisis and this time, the federal government was on hand to kick in an additional 2 billion.

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HAMMER HEADS AND HAZELVIEW INVESTMENTS FORM INVESTMENTS TRADE APPRENTICE PARTNERSHIP

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HAMMER HEADS AND HAZELVIEW INVESTMENTS FORM INVESTMENTS TRADE APPRENTICE PARTNERSHIP

Hazelview Investments partners with Hammer Heads to formalize Trade Apprenticeship Partnership which will support under-resourced and Indigenous youth with apprenticeship career opportunities in the Greater Toronto Area. Created by the Central Ontario Building Trades (COBT), Hammer Heads is a community-based initiative that offers access to meaningful employment in the skilled trades.  “Our 12-week comprehensive skills development program was designed to train and place under-resourced...

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RENTERS TO TARGET MPP MICHAEL FORD’S OFFICE IN PUSH FOR STRICTER RENT CONTROLS

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RENTERS TO TARGET MPP MICHAEL FORD’S OFFICE IN PUSH FOR STRICTER RENT CONTROLS

Toronto tenants’ advocates are gearing up for a rally Wednesday outside the constituency office of Michael Ford, Progressive Conservative MPP and Premier Doug Ford’s nephew. It’s one of eight demonstrations that ACORN, a tenants’ rights group, has planned for Feb. 21, outside the offices of PC MPPs across the province. They’re pushing for stricter new rent control guidelines that they say are necessary in the face of unprecedented pressures on renters in Ontario....

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QUEBEC ADOPTS BILL RESTRICTING LEASE TRANSFERS, OFTEN USED TO LIMIT RENT INCREASES

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QUEBEC ADOPTS BILL RESTRICTING LEASE TRANSFERS, OFTEN USED TO LIMIT RENT INCREASES

The Quebec government adopted a controversial housing bill Wednesday that will restrict a popular tool tenants have used for years to limit rent increases. The new law will allow landlords to reject lease transfers for any reason. Previously they had to show they had serious concerns about the new tenant, such as their ability to pay or problematic behaviour. The transfer of leases allowed new tenants to benefit from the existing rent and prevented landlords from jacking up the price, but...

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DEVELOPERS CLAIM THEY’RE NOT HOARDING VACANT LAND, FEARING USE-IT-OR-LOSE-IT POLICY

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DEVELOPERS CLAIM THEY’RE NOT HOARDING VACANT LAND, FEARING USE-IT-OR-LOSE-IT POLICY

Ontario’s construction industry is pushing back against claims that developers are sitting on thousands of approved building permits, as the Ford government develops new use-it-or-lose-it policies. Amid sluggish housing construction starts in Ontario, the Progressive Conservative government has been weighing new policies that would target “land banking” and speed up development as the province looks to build 1.5 million homes by 2031. Currently, according to the government housing tracker, the...

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WEEK OF FEBRUARY 19 2024 NEWSREEL WITH VANESSA TOPPLE

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WEEK OF FEBRUARY 19 2024 NEWSREEL WITH VANESSA TOPPLE

This week another advocacy group dominates the headlines with another excuse for the housing crisis – which of course misses the mark.

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CONCERNS ABOUT RENT INCREASES AFTER MONTREAL TENANTS SIGN RENOVATION AGREEMENT

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CONCERNS ABOUT RENT INCREASES AFTER MONTREAL TENANTS SIGN RENOVATION AGREEMENT

For 29 years, Muguette Payette has lived at her studio apartment in downtown Montreal. She never thought she would have to leave. “If I don’t have an apartment, a decent apartment, what am I going to do? I’m going to be outside in the street,” Payette told CTV News. Recently, a new landlord purchased her building and the adjacent one on Fort Street. Shortly after, Payette says she met with two employees from the company that owns the building, and they offered her a...

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BANK OF CANADA’S INFLATION ‘BUFFET’ MUDDIES TIMING OF CUTS

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BANK OF CANADA’S INFLATION ‘BUFFET’ MUDDIES TIMING OF CUTS

The Bank of Canada says it’s watching core inflation closely as it weighs when to cut rates, but a mixed bag of measures gives it options on timing and clouds the outlook for markets and economists. The central bank has no less than six indexes it monitors to get a grasp on underlying price pressures. Governor Tiff Macklem has pushed back against focus on a specific indicator, describing core inflation as more of a “concept.” While that reflects the bank’s need for certainty before declaring...

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B.C. TO FUND NEW INCOME-TESTED RENTAL HOUSING ON PUBLIC LAND

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B.C. TO FUND NEW INCOME-TESTED RENTAL HOUSING ON PUBLIC LAND

The provincial government says it will spend $950 million and provide $2 billion in low-cost financing to have thousands of rental homes built on under-used public land, which would then be provided to middle-income earners living in those communities. The announcement is the latest under the province’s Homes for People program, which was announced last April and promised a multi-pronged approach to supply new types of housing in the province, combat rampant speculation and address the...

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