Showing posts with label rental market. Show all posts
Showing posts with label rental market. Show all posts
Tuesday, October 5, 2010
Landlord Rescue
Just came across a great site that is definitely a great tool for landlords. Landlord Rescue, Many great tips for landlords and tenants. Definitely worth visiting.
Wednesday, June 23, 2010
Ontario announces rent increase guideline
Ontario's rent increase guideline for 2011 will be 0.7%, this will have quite the impact to Ontario's rental stock and tenants. "This guideline is wholly inadequate to allow for proper investment in repairs and maintenance of Ontario's aging rental stock" said David Horwood, Assistant Vice-President of the Effort Trust Company.
This comes at a time when the PST and GST are going to be harmonized in a couple of weeks. "Rental housing providers are going to experience a 7 percent increase in costs next year largely due to the impact of the HST" says Vince Brescia, President & CEO of the Federation of Rental-housing Providers of Ontario.
Source
This comes at a time when the PST and GST are going to be harmonized in a couple of weeks. "Rental housing providers are going to experience a 7 percent increase in costs next year largely due to the impact of the HST" says Vince Brescia, President & CEO of the Federation of Rental-housing Providers of Ontario.
Source
Friday, June 18, 2010
CMHC Rental market report
According to the Rental Market Survey released by Canada Mortgage and Housing Corporation (CMHC), vacancy rates in Canada’s 35 major centres increased to 2.9% in 04-2010 from 2.7% in 04-2009.
"Rental construction and competition from the condominium market added upward pressure on vacancy rates and historically low mortgage rates attracted renter households towards homeownership over the last year," said Bob Dugan, Chief Economist at CMHC.
The centres with the lowest vacancy rates were Quebec City at 0.4%, Regina at 0.8%, Winnipeg at 1%, and St. John’s at 1.1%. On the provincial level, Manitoba and Newfoundland and Labrador had the lowest vacancy rates at 1% and 1.1% respectively.
CMHC's Rental Market Survey also found that the rental apartment availability rate in Canada's 35 major centres was 5.4% 04-2010, up from 5.0% 04-2009. A rental unit is considered available if the unit is vacant (physically unoccupied and ready for immediate rental), or if the existing tenant has given or received notice to move and a new tenant has not signed a lease.
More details can be found on MarketWire
"Rental construction and competition from the condominium market added upward pressure on vacancy rates and historically low mortgage rates attracted renter households towards homeownership over the last year," said Bob Dugan, Chief Economist at CMHC.
The centres with the lowest vacancy rates were Quebec City at 0.4%, Regina at 0.8%, Winnipeg at 1%, and St. John’s at 1.1%. On the provincial level, Manitoba and Newfoundland and Labrador had the lowest vacancy rates at 1% and 1.1% respectively.
CMHC's Rental Market Survey also found that the rental apartment availability rate in Canada's 35 major centres was 5.4% 04-2010, up from 5.0% 04-2009. A rental unit is considered available if the unit is vacant (physically unoccupied and ready for immediate rental), or if the existing tenant has given or received notice to move and a new tenant has not signed a lease.
More details can be found on MarketWire
Thursday, May 20, 2010
TREB new rental market report
The Toronto Real Estate Board (TREB) reports today that the rent for 1 bedroom dwelling has increased by 2% and 2 bedroom rent has increased by 5% year over year.
Overall, listings have dropped by 10% in the Toronto area. One important factor affecting annual rental rate growth was the supply of listings. Active listings
for rental condominium apartments fell 10 per cent compared to the first four months of 2009. In the second half of 2009, condominium apartment completions were down by 30 per cent annually.
See the TREB report here
TREB Rental Market report
Overall, listings have dropped by 10% in the Toronto area. One important factor affecting annual rental rate growth was the supply of listings. Active listings
for rental condominium apartments fell 10 per cent compared to the first four months of 2009. In the second half of 2009, condominium apartment completions were down by 30 per cent annually.
See the TREB report here
TREB Rental Market report
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