March was a great month for housing! Here are some things you might have missed.
🏗️ 2024 CMHC Housing Conference.
📝 Ontario budget released.
💵 Funding awarded to Milton, Brampton, Barrie, & more for hitting 2023 housing goals.
Contributing to chronic under building of purpose-built rental housing, municipalities charge fees as part of the development approval process, which over recent decades have worsened the housing availability and affordability crisis.
The top 15 Canadian cities with the lowest renting costs are in. The Ontario cities that made the cut are:
12. Sudbury
13. Windsor
15. St. Catherine’s
Is your city on the list?
With rental #housing in high demand, we forecast continued growth of our multi-unit loan insurance.
To better support the development of purpose-built rentals, we’re temporarily decreasing our dividend payment to the #GC.
More details in our Q2 report: https://t.co/JPPekrWFD6
IN THE NEWS 📰📢
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This week at a press conference, Prime Minster Justin Trudeau said that although the federal government has a role to play in housing that it really comes down to provincial and municipal governments.
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Watch https://t.co/UqK7FwxE0s
IN THE NEWS 📰
This week, two reports, one from TD and one from RBC, provide data further revealing the negative impact that federal immigration policies have on the economy and the apartment industry.
https://t.co/byyoTVKq4n
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We're funding local #governments for local solutions that:
➡️ remove barriers to #housing supply
➡️ accelerate the growth of supply
➡️ support development of communities
✅ Apply NOW: https://t.co/wUWVf0Kw1U
#DYK? Ontario's rent increases are once again capped at 2.5% for all existing tenancies in rent-controlled buildings for 2024. This is well below the current inflation number, which stands at 5.9%. Read more here: https://t.co/Apc7LW2GHv
July 1st, for Quebec renters, was moving day. We talk Bill 31, a mandatory rent registry, and a no pet clause. Plus, the 2024 Ontario rent increase guideline.
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See all the news updates at the link below ⬇️⬇️
https://t.co/iBLac6MyUD
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With high demand and low supply, Canada’s #rental market is tighter than ever.
Two new measures in our Rental Market Report help clarify challenges:
• Share of units affordable to the lowest income households
• Average rent for a turnover vs. non-turnover unit
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With summer in full swing, it's important to stay cool and Bill 97 allows for AC units to be installed in rental suites. It's incumbent on the tenants to notify their landlord in writing, ensure it's installed safely, doesn't damage the unit, and complies with applicable laws.
On June 7th – the Bank of Canada raised interest rates by 25 basis points – matching the last increase back in January – making the new rate 4.75%. So, what does this mean to our industry and what will be the impact.
#inthenews#interestrates#bankofcanada
https://t.co/eNIR4Rmh7n