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What’s Happening Across Canada

P.E.I. rents see biggest increase in a decade ‘Their approach to building affordable units isn’t working’ The cost of renting spiked on P.E.I. last year, according to a report from the Canada Mortgage and Housing Corporation (CMHC), and the Opposition Green Party says...

What’s Happening Across Canada

$4,094 rent for three bedrooms now meets Vancouver’s definition of “for-profit affordable housing The City of Vancouver grants many incentives for developers of “for-profit affordable rental housing”. It’s a policy that started during the time of then Mayor Gregor...

Development

Wait times for Halifax building, development permits ‘nowhere near acceptable’ Director asks council to consider additional funding to allow for more hires HALIFAX, N.S. — Wait, wait and wait some more. If you’ve applied for a building or development...

Major Renovation Ban

N.S. renoviction ban likely ending with COVID-19 restrictions next month Minister says protections in place for renters, but NDP leader expresses concern With Nova Scotia’s ban on so-called renovictions likely coming to an end next month, the minister...

IPOANS Sponsored Research

Turner Drake & Partners – Rental Apartment Property Tax Trends Residential rental apartments continue to shoulder a larger and larger share of the tax burden in the Halifax Regional Municipality. As shown in the above chart, unitised assessment values have...

Rent Control

Rent Controlled Markets Feel Reduction in Multifamily Investments A new survey shows that almost 60 percent of multifamily firms indicate they are reducing or avoiding investment in rent-controlled markets, according to the National Multifamily Housing Council (NMHC)....