Newsletter

The Canadian Housing Survey is a new survey conducted by Statistics Canada, in partnership with the Canada Mortgage and Housing Corporation (CMHC). It will occur every two years, until 2028. The survey will collect new information on: dwelling and neighbourhood satisfaction, first-time homebuyers, indicators relating to moving, and housing affordability, as well as many other important dwelling and household characteristics. The survey will help identity trends and gaps in the Canadian housing ecosystem. Preliminary results are now available. More results and products will be released from January 2020 through to Summer 2020. First results from the Canadian Housing Survey, 2018 [...]

It seems obvious that paying employees too much can cut into profits, but paying too little can too! If your employees turn over too quickly, then customer service is compromised. As a result, that will raise tenant turnover, vacancies and turnover costs. A major cause of excess employee turnover is not paying a market rate. Therefore, to pay at the optimal level, employers need to know the market. To find out how your company fits into the market for rental housing employees, purchase the CFAA 2019-2020 Employee Compensation and Benefits Survey! The 2019-2020 CFAA Rental Housing Employee Benefits and [...]

Because of the new influence of the NDP, there are new and serious risks, and opportunities, for rental housing providers at the federal level. The key new risk is higher taxes on capital gains on the sale of rental property and other investments. In their election platform, the NDP promised to raise the capital gains inclusion rate (CGIR) from 50% to 75%. Such a change would raise corporate taxes on capital gains by 50%. The change would increase the income tax individuals pay on capital gains by 50% or more, depending on the taxpayer’s other income. See the table [...]

Canada Mortgage and Housing Corporation (CMHC) will be conducting its annual Rental Market Survey during the first two weeks of October 2019. The Rental Market Survey is important for all landlords because it provides up-to-date, accurate, and comprehensive information on rental markets across Canada. CFAA encourages owners and property managers to provide their data to CMHC survey enumerators when they contact you. All survey data gathered is strictly confidential, and CMHC does not disclose building specific information to third parties, nor do they use it for reviewing mortgage loan applications or renewals. The Rental Market Survey reports should be available [...]