NEW LAWS AND RULES COMING TO ONTARIO
The Ontario government and the City of Toronto will both be introducing new rules in 2025, and here are some of the ones that you should keep on your radar. New renovictions bylaw Drawing inspiration from a Hamilton bylaw enacted in 2024, Toronto formally adopted a Rental Renoviction Licence bylaw in November to curb bad-faith evictions and protect tenants from “renovictions.” The bylaw officially comes into effect on July 31, 2025. Renovictions describe situations in which tenants are evicted...
read moreSASKATCHEWAN’S VACANCY RATE CLIMBED SLIGHTLY TO 2.7 PER CENT IN 2024
Saskatchewan’s rental market saw a shift in 2024, with vacancy rates in cities with over 10,000 people rising to 2.7 per cent, up from 2.4 per cent in 2023, according to The Canada Mortgage and Housing Corporation. Cameron Choquette, CEO of Rental Housing Saskatchewan said there’s a bit of reprieve for rental housing providers and tenants who now have a little more selection. While Saskatchewan is still the most affordable province in the country to rent a home, Choquette said 2.7 per cent...
read moreP.E.I. RENTAL VACANCY RATE THE LOWEST IN THE COUNTRY
In 2024, P.E.I.’s rental vacancy rate once again dropped to the lowest in the country. Canada Mortgage and Housing Corporate (CMHC) data, released on Dec. 17, shows that the province’s rental vacancy rate – the percentage of apartments and townhouses that were vacant – dropped from 1.1 per cent in October 2023 to 0.8 per cent in October 2024. P.E.I. has had the lowest vacancy rate of any province for five of the last seven years, although the province was tied with Nova Scotia for this...
read moreWEEK OF DECEMBER 30 2024 NEWSREEL WITH VANESSA TOPPLE AND JILLIAN KATZENBACK
As 2024 draws to an end, we put together a video previewing the new format for 2025. Our goal is to bring you more timely news so the weekly Newsreel will become a daily show featuring headlines from all real estate verticals. Enjoy this special preview with Vanessa Topple and Jillian Katzenback....
read moreCANADIAN HOUSEHOLD DEBT OUTPACES GDP AS MORTGAGE BORROWING RETURNS
Canada’s economy is slowing down and unemployment is rising, but that isn’t slowing credit consumption. Statistics Canada (Stat Can) data shows household debt continued accelerating in October. A combination of lower rates and moral hazard has led to aggressive borrowing, with credit now rising at a faster pace than GDP. It’s a questionable setup when the economy’s fundamental indicators are eroding. Canadians Owe More Than $3 Trillion In Debt, Growth Is Accelerating Canadian borrowing is once...
read moreCANADA’S ECONOMY SHRANK IN NOVEMBER FOR FIRST TIME THIS YEAR
The Canadian economy appeared to lose its strength toward the end of this year even as the central bank cut interest rates at a rapid pace. Advance data suggested gross domestic product shrank 0.1% in November, the first monthly contraction this year, after 0.3% expansion a month earlier, Statistics Canada said Monday. The October figure beat economist expectations of 0.2% in a Bloomberg survey. With October’s stronger-than-expected gain and November’s decline, the industry-based data point to...
read moreTHE END OF GROWTH? IMMIGRATION AND RENTAL INFLATION ARE SLOWING
Canada’s once unstoppable population growth is finally tapping the brakes, and the ripple effects are beginning to surface—most notably in the country’s rental markets. In a significant shift that could reshape the dynamics of Canada’s real estate landscape, the country has recorded the highest exodus of non-permanent residents (NPRs) since the Canada Mortgage and Housing Corporation (CMHC) began tracking this data in 2021. This exodus coincides with a marked softening of rental rates across...
read moreHAPPY NEW YEAR FROM RHB!
May the new year bless you with health, wealth and happiness. Wishing you the best for 2025!
read moreWEEK OF DECEMBER 23 2024 NEWSREEL WITH VANESSA TOPPLE AND JILLIAN KATZENBACK
As 2024 draws to an end, we put together a video previewing the new format for 2025. Our goal is to bring you more timely news so the weekly Newsreel will become a daily show featuring headlines from all real estate verticals. Enjoy this special preview with Vanessa Topple and Jillian Katzenback....
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