Watch the CFAA Awards Presentation Live CFAA will be holding an awards presentation via Zoom to celebrate the finalists and winners of the CFAA Awards Program 2020. CFAA Awards Presentation Date: Thursday, June 25, 2020 Time: 2:00pm EDT* *11:00am PDT, 12:00pm MDT/CST, 1:00pm CDT, 3:00pm ADT The awards presentation is free to view live, but you must register in advance. To register, please click the link below. Register to View the Awards Presentation Note: Please use the same email to register as you use for Zoom, to avoid needing to register twice. [...]
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Access the recording of "CFAA Presents: Benjamin Tal" CFAA recently presented Benjamin Tal's economic update for May 27, 2020. The state of the economy is important for rental housing providers. Factors such as unemployment, immigration and non-permanent residents, and consumer spending, impact directly on rental demand, and thus on vacancies and rent levels. Interest rates affect the value of rental properties for any given level of net income. The presentation ends with comments about the varying impacts of COVID-19 across Canada's rental markets going into the future. Landlords can expect different impacts in Toronto and Vancouver from the impacts in [...]
CMHC’s May 28 Announcement On Thursday, May 28, CMHC issued a notice to rental owners who have pending applications for CMHC insurance for re-financings in relation to CMHC’s Multi-Unit Mortgage Loan Insurance (5+ units). Prompted by an acceleration in applications for refinancing, CMHC imposed a new restriction on use of funds as a condition of insurance for market refinance loans. Under the new rule, refinance proceeds must be used for a permitted purpose in relation to residential housing. This could include one or more of the following: purchase, construction, capital repairs/improvements (including for increased energy efficiency and accessibility), securing [...]
CFAA-FRPO Lobbying Success for Mixed-Use Landlords Canada Emergency Commercial Rent Assistance (CECRA) Of interest to landlords with ANY commercial tenants anywhere in Canada The federal government created the CECRA to help small businesses pay their commercial rents. With costs divided between them, the federal government and each provincial government will provide forgivable loans paid to qualifying commercial property owners to cover 50% of the April, May, and June rent payments for eligible small business tenants. The relief can be applied retroactively. Under the program, the tenant would pay at most 25% of rent, and the landlord must forego at [...]
Webinar - CFAA Presents: Benjamin Tal The webinar, CFAA Presents: Benjamin Tal, will take place on Wednesday, May 27, from 4:00pm to 5:00pm EDT. Benjamin's presentation will be on the economy, and what Canadian rental housing providers can expect for the next 12 months, due to COVID-19. REGISTER TODAY CFAA Affiliate Members can attend for $75+HST. CFAA Affiliate Members include the landlord members of CFAA member associations. For this webinar, we will also extend that price to supplier members of CFAA member associations. CFAA Direct Members can obtain a discount of $30, for a net cost of $45. To receive [...]
The information stated here is believed to be accurate at May 11, 2020. The program details may change at any time. Readers should check for updates, and obtain advice from their professional advisors about their particular situations. COVID-19 Relief Updates and Reminders This e-Newsletter addresses three sets of benefits for tenants, and four which may be available to some landlords. Canada Emergency Response Benefit (CERB) Landlords may want to make sure tenants know they need to reapply every four weeks. CFAA understands that many applicants received eight weeks worth of benefits in mid-April: four weeks to cover March [...]
Webinar: May Rent Collections, Tenant Relations and Staffing Issues The face-to-face version of CFAA-RHC 2020 was cancelled due to COVID-19, but CFAA still plans to bring you our education sessions and wonderful speakers. However, this will be done by webinar. The first webinar, May Rent Collections, Tenant Relations and Staffing Issues, takes place on Thursday, May 14 from 11:00am to 12:00pm EDT. REGISTER TODAY Direct Members of CFAA and Affiliate Members (landlord members of CFAA member associations) can attend for free. Non-members may register and attend for $45+HST. ADVANCE REGISTRATION IS REQUIRED. The following speakers, whose companies operate in all 10 provinces, [...]
The information stated here is believed to be accurate at May 4, 2020. The program details may change at any time. Readers should check for updates, and obtain advice from their professional advisors about their particular situations. Commercial Rent Assistance open to some mixed-use buildings The federal government has created the Canada Emergency Commercial Rent Assistance program (CECRA) to help small businesses and commercial landlords. The government has reached an agreement in principle with all provinces and territories to implement the program. CECRA will be of interest to landlords with commercial properties, or with properties with a commercial component. [...]
CFAA Awards Applications due on Monday The CFAA Rental Housing Awards Program is accepting applications until Monday, May 4 at midnight. If you are interested in applying, but don't expect to be able to meet the deadline, due to COVID-19 related issues (employee illness, no access to materials due to the office being closed, etc), please reach out to us ASAP, so we can help accommodate you as best we can. For more information about the Rental Housing Awards Program, click the link below. Rental Housing Awards Program To apply, click on one of the links below: Rental Housing Provider of [...]
The latest issue of RHB Magazine is out now! This month's issue of RHB Magazine focuses on problems, solutions and advice related to the COVID-19 crisis. In addition to CFAA's National Outlook, check out articles about how to manage COVID-19 at your rental property, statements on how various large landlords are handling the crisis, and learn about marketing automation from Yardi Canada. As well, read the Rental Associaton Voice for updates and information from the Eastern Ontario Landlord Organization (EOLO), Hamilton District Apartment Association (HDAA), London Property Management Association (LPMA) and Waterloo Regional Apartment Management Association (WRAMA). Physical copies will [...]