WEEK OF OCTOBER 28 2024 NEWSREEL WITH VANESSA TOPPLE
The Federal government once again is changing immigration policies – and this one is noteworthy....
read moreHAPPY DIWALI FROM RHB!
May the light of Diwali shine in your life and bring you peace, prosperity, and happiness. Happy Diwali from RHB!
read moreTORONTO LANDLORDS WHO EVICT TENANTS TO RENOVATE COULD REQUIRE RENOVICTION LICENCE AS EARLY AS NEXT SUMMER
Landlords who plan to evict tenants to renovate their properties may soon be required to apply for a licence and provide additional financial compensation to the tenants they are displacing. City staff released new details Wednesday of a proposed bylaw that they hope will curb illegal “renovictions” in Toronto. The bylaw, which still needs to be approved by city council, borrowed elements from a similar one developed by the City of Hamilton, which recently became the first municipality in the...
read moreVICTORIA CONDO OWNERS SEEK COMPENSATION FOR PROPERTY VALUE DROP DUE TO NEW RENTAL RULES
Owners of 22 former short-term rental units in Victoria have filed nine lawsuits against the province, arguing legislation banning short-term rentals amounts to expropriation of their units, and owners are owed compensation.The lawsuits were filed in the Supreme Court of B.C. in Victoria last week.Provincial rules banning most short-term rentals unless they are in an owner’s principal residence came into effect May 1, prompting an outcry from owners of condo units used for vacation rentals....
read moreRENTS FORECAST TO SOAR IN MAJOR CITIES AS SUPPLY ISSUES PERSIST
If there’s one thing Canadians like to talk about, it’s home prices. That’s something Erkan Yönder, now an associate professor of finance at Concordia University, noticed when he arrived in Montreal more than five years ago and opened his first Canadian bank account. “The first question I got when I came to Canada was, ‘What will happen to the house prices in Montreal?’” he says, recalling a conversation he had with a bank employee at the time. “This is my sixth year in Canada, and everybody...
read moreWEEK OF OCTOBER 21 2024 NEWSREEL WITH VANESSA TOPPLE
This week, as we still don’t know the outcome of the BC elections, we are covering headlines that keep getting louder and louder which are the obstacles hampering new constructions....
read moreJUSTIN TAYLOR NAMED CHIEF OPERATIONS OFFICER, SIGNET GROUP INC.
Signet Group Inc. is pleased to announce that Justin Taylor will be joining the firm as Chief Operations Officer, effective October 28, 2024. “Justin will oversee the operations and management of Signet’s commercial and residential portfolios alongside our talented team”, says Gerald Greenberg, President & CFO. Before joining Signet, Justin held the position of COO at Greenrock for over 12 years. Justin’s brings with him over 25 years of senior management experience...
read moreNEW BRUNSWICK ELECTION: GREENS AND LIBERALS MAKE PLEDGES ABOUT HOUSING AFFORDABILITY
Both the Liberals and the Greens announced plans to make housing more affordable if they are elected to govern on Monday. In Fredericton, Green Party Leader David Coon said his party would reform the property tax system to ensure residents are not hit by large property tax or rent increases. Coon said property assessments in New Brunswick continue to soar because they are tied to industrial rates, a system the Greens would change if elected. “No one should ever be taxed out of their home,”...
read morePBO PROJECTS DEFICIT EXCEEDED LIBERALS’ $40B PLEDGE, ECONOMY TO REBOUND IN 2025
The federal government likely failed to keep its deficit below the promised $40-billion cap in the last fiscal year, the parliamentary budget officer said on Thursday. The budget watchdog estimates in its latest economic and fiscal outlook that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year. The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall. “Based on our analysis, the...
read moreFOR THE FIRST TIME IN 25 YEARS, MAJORITY OF CANADIANS SAY THERE IS TOO MUCH IMMIGRATION
Public support for the number of newcomers coming into Canada has declined for the second consecutive year, according to a new national survey, just as Justin Trudeau’s government gets set to announce its new immigration targets. Almost six in 10 Canadians believe Canada accepts too many immigrants, the survey of roughly 2,000 people in September said, an increase of 14 percentage points from last year and 31 percentage points from 2022. “For the first time in a quarter-century, a clear...
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