How RBC Suggests Fixing Canada’s Major Productivity Problem
Canada’s productivity has lagged behind the U.S. since the 1980s, with the Canadian economy now about 30% less productive. This gap equates to approximately $20,000 less per worker, a concerning trend for the country’s prosperity. Key issues include an inefficient regulatory system, trade barriers within the country, infrastructure bottlenecks, and excessive red tape. These factors […]
Federal Land Unlocks Housing Potential: New Plan Targets Canada’s Affordability Crisis
The federal government has added 56 properties to a public lands bank for long-term leases aimed at building affordable housing. This step, part of a broader effort to tackle Canada’s housing crisis, includes former military bases in Calgary, Edmonton, Toronto, and Ottawa, as well as a site in Montreal. Fraser expects construction on the first […]
Ottawa’s Real Estate Surge: Opportunities Amidst Supply Challenges
Ottawa’s real estate market experienced a boost in sales in September as interest rates continued to fall. However, real estate agents warn that chronic supply issues are impacting the market. The Ottawa Real Estate Board reported an increase in home sales and a slight rise in benchmark prices. The fall outlook for Ottawa’s housing market […]
Should You Offer Fully Furnished Rentals for Higher ROI?
Deciding whether to offer fully furnished rentals can significantly impact your return on investment (ROI) as a landlord. While furnished units often command higher rental rates and attract a wider range of tenants, they also come with added expenses and management considerations. Understanding the pros and cons can help you determine if this strategy is right for […]
The Growing Burden of Rent Arrears: Unpacking the Impact on the Housing Market
In recent years, the issue of rent arrears has become increasingly significant for housing providers. Data from 2020 to 2024 reveals a troubling trend: the average rent owed per non-payment of rent case has steadily increased. This rise can be attributed to several factors, including the economic impact of the COVID-19 pandemic, inflation, and the […]
Bank of Canada Rate Cut Unlikely to Spark Housing Market Revival, Experts Say
The Bank of Canada’s latest interest rate cut will provide some relief to homeowners renewing their mortgages. However, experts say it is unlikely to significantly boost homebuying activity. Although borrowing costs have decreased, mortgage rates remain more than double what they were in 2020 and 2021, when interest rates were below 2 per cent. Many […]
Analyzing the Impact of Upcoming Mortgage Renewals on Canada’s Housing Market and Economy
As Canada’s housing market continues to be a topic of interest and concern, one key aspect that often garners attention is the impact of upcoming mortgage renewals. These renewals can have significant implications not only for homeowners but also for the broader housing market and the economy at large. In this article, we delve into […]
Importance Of Tenant Screening, How To Do It The Right Way
In the bustling real estate landscape of Ontario, tenant screening plays a pivotal role in maintaining a harmonious and secure rental environment for both landlords and tenants. With the rental market continuously evolving and demands fluctuating, landlords need to prioritize thorough tenant screening processes to mitigate risks, protect their investments, and foster positive landlord-tenant relationships. […]
