What does the Fall Economic Statement mean for rental housing providers? Finance Minister Freeland delivered the Fall Economic Statement on November 30. The main areas on which the Statement affects rental housing providers are the following: Rental Construction Financing Initiative (RCFI) Energy subsidies A small expansion of the First Time Homebuyers incentive No new taxes on rental investments Rental Construction Financing Initiative (RCFI) The government has announced another $12B of loan support for new rental construction under the Rental Construction Financing Initiative (RCFI) over the next seven years. That is [...]
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Future proofing your business with effective energy and water management strategies On Tuesday, November 24, starting at 3:00pm Eastern Time, CFAA will be presenting a very knowledgeable panel, consisting of two prominent rental housing providers, and three leading industry suppliers. Register Now The rental providers: are at the forefront of monitoring, managing and minimizing the use and cost of electricity, heat and water, have seen it all (well almost all), and together have more than 50 years experience doing it. The rental housing suppliers: are at the forefront of enabling rental providers to monitor, manage and minimize the use [...]
Register for "Technology Updates for COVID-19 and beyond" The fifth webinar in CFAA’s Fall 2020 Webinar Series, Technology Updates for COVID-19 and beyond, is next Wednesday (November 18)! The webinar will take place for one hour starting at 3:00 pm EST (12:00 noon PST, 1:00 pm MST, 2:00pm CST, 4:00 pm AST). The COVID-19 pandemic has undeniably caused tremendous shifts in operations, strategy and service in the residential real estate sector. Companies have undertaken spectacular efforts to protect residents and staff and forge ahead with leadership vision and the unwavering focus on safety, efficiency and service. So, what now? [...]
Take care NOW to maintain your access to CMHC-insured funds As a result of CMHC’s mortgage insurance changes announced on May 28, rental housing providers need to take new steps if they want to maintain maximum access to CMHC insured funds. The new rule is that CMHC insurance can no longer be used to insure funds which include equity take out from rental housing, except for the first insured financing for a newly constructed rental building. Generally, insured funds must be used for permitted purposes, which include the purchase of rental housing, capital repairs to rental housing, and construction of [...]
CFAA's current lobbying As you know, CFAA’s main lobbying issues are housing policy and tax policy as they affect rental housing property, at the federal level. CFAA is meeting with the new Finance Minister’s office about both key policy areas. We are also to make a presentation to the federal Finance Committee about Budget 2021. Key areas under the Finance Minister include: COVID-19 RELIEF 1: Accelerate the delivery of the Canada Housing Benefit (CHB) or other forms of rent subsidy, especially to deal with arrears built up due to COVID-19 2: A tax credit to help badly affected rental housing [...]
Register for CFAA's webinar, "What you need to know about CMHC's new mortgage insurance rules" The fourth webinar in CFAA’s Fall 2020 Webinar Series, What you need to know about CMHC's new mortgage insurance rules, is next Tuesday (November 10)! The webinar will take place for one hour starting at 3:00 pm EST (12:00 noon PST, 1:00 pm MST, 2:00pm CST, 4:00 pm AST). What are the new CMHC use of funds rules for upward re-financing with CMHC mortgage insurance? What rental providers across Canada need to do in order to maintain full access to re-financings, and to borrow [...]
Register for CFAA's Operations Roundtable The third webinar in CFAA’s Fall 2020 Webinar Series, the Operations Roundtable, is next Tuesday (November 3)! The webinar will take place for one hour starting at 3:00 pm EST (12:00 noon PST, 1:00 pm MST, 2:00pm CST, 4:00 pm AST). At the Operations Roundtable, leading rental housing operations leaders will answer pressing industry questions, such as: What do the operations leaders feel have been the leading issues and industry developments in 2020? How has the industry responded operationally to COVID-19? What impact has COVID-19 had on rents across Canada? What are the key rental operational issues [...]
Register today for the CFAA's Executive Roundtable The second webinar in CFAA’s Fall 2020 Webinar Series, the Executive Roundtable, is next Tuesday (October 27)! The webinar will take place for one hour starting at 3:00 pm EDT (12:00 noon PDT, 1:00 pm MDT/CST, 2:00pm CDT, 4:00 pm ADT). At the Executive Roundtable, leading rental housing executives will answer pressing industry questions, such as: What are the most worrisome industry risks? What are the brightest opportunities? Where and what are they buying and selling? Where do they see interest rates and cap rates going? What do they think are the [...]
Webinar: Benjamin Tal’s Fall Economic Update The first webinar in CFAA’s Fall 2020 Webinar Series is just a week away! The webinar, Benjamin Tal’s Fall Economic Update, will take place on Tuesday, October 20, for one hour starting at 3:00 pm EDT (12:00 noon PDT, 1:00 pm MDT/CST, 2:00pm CDT, 4:00 pm ADT). Benjamin Tal’s presentation will provide a crucial Fall Economic Update, including the repercussions of the Federal budget on the Canadian housing industry. The webinar costs between $60 (for Non-Members) and $45 (for Direct CFAA Landlord Members). This webinar is also included in the Full Webinar Package. Note [...]
Individual Webinar Passes on Sale Now! The Canadian Federation of Apartment Associations is excited to announce our Fall 2020 Webinar Series! The Webinar Series will feature six separate webinars to take place on various days between October 20 and November 24, from 3:00pm to 4:00pm (Eastern Time). WEBINAR TOPICS AND DATES (Dates are tentative and might change) Tuesday, October 20, 2020 Tuesday, October 27, 2020 Tuesday, November 3, 2020 Tuesday, November 10, 2020 Wednesday, November 18, 2020 Tuesday, November 24, 2020 In addition to the Full Webinar Package, you [...]