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A Calgary dog owner is looking to spark change to rules around pets in rental properties as many across the city face challenges finding a place to live. Pierre Noiseux has been looking for a new place to live for six months, but finds his applications are turned down when …
Read More »Ottawa pitches $1.5B rental protection fund to buy apartments – National
The federal government is planning to launch a nearly $1.5-billion rental protection fund, aimed at providing loans and grants to non-profit organizations to buy rental units in a effort to keep prices affordable. Prime Minister Justin Trudeau made the announcement in Winnipeg on Thursday morning alongside NDP Premier Wab Kinew. …
Read More »Rental construction across Canada hit ‘record levels’ in 2023: CMHC – National
The construction of purpose-built rentals and condominiums hit “record levels” in 2023, data from the Canada Mortgage and Housing Corporation released on Wednesday shows. According to the CMHC’s Spring 2024 Housing Supply Report, purpose-built rental construction in six major markets combined to hit record levels in 2023. Rentals also accounted …
Read More »‘It’s bittersweet’: Video rental store to shut its doors after 40 years in business – Winnipeg
Glen Fuhl is quick to say he’s not passionate about movies. But, when an acquaintance approached him with an opportunity to become the owner of Video King, a flourishing independent rental store in a then-rising industry, Fuhl took a chance. His father had owned his own business and Fuhl knew …
Read More »Okanagan’s real estate listings could increase after new short-term rental rules – Okanagan
Jack Mendes is already contemplating what he will do with his short term rental unit in downtown Kelowna, B.C., if new legislation prohibits him from renting it to vacationers four months out of the year. “I am positive that I will sell it,” Mendes told Global news. “Right now, we …
Read More »New short-term rental rules could impact Penticton tourism
It’s no secret that there are hundreds of short-term rentals in Penticton, B.C. However, with new provincial-wide regulations aimed at cracking down on these short-term rentals, local officials say it could have a major impact on the local tourism industry. “The people that are staying in short-term rental facilities don’t …
Read More »Recommended short-term rental regulations stir mixed feelings among Winnipeggers – Winnipeg
The City of Winnipeg has released recommendations for new short-term rental accommodation (STRA) regulations, and so far, reactions have been mixed. In a report released by the City, proposed regulations include limiting the number of nights tenants can stay, taxation, licensing, limitations on the number of properties an owner can …
Read More »Developer to build 5K rental units, cites Liberals’ GST break as motivator
A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government’s decision to eliminate GST charges on rental developments. The CEO of Dream Unlimited Corp., Michael Cooper, says high interest rates and construction …
Read More »Ottawa expected to remove GST on new rental apartment builds – National
Descrease article font size Increase article font size The federal government is expected to announce the removal of the GST on the construction of new rental apartment buildings, Global News has learned. A senior government source speaking on background to discuss matters not yet announced said the announcement will be …
Read More »2023 Housing Needs Assessment released by the city of Calgary – Calgary
In the midst of a housing crisis, the city of Calgary released the 2023 Housing Needs Assessment report to identify present and future affordable housing requirements in Calgary. According to the report released Wednesday, low vacancy rates, higher-than-normal rent increases, and escalating home prices are putting Calgary at risk of …
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