Press Release

CFAA comments on the CMHC rental report for Oct 2020

2021-12-17T11:56:53-05:00

News Release Recent changes temporary - Governments need to make the tax and development climate better for rental investment According to CMHC, the average rental vacancy rate in major centres across Canada increased from 2.0% in October 2019 to 3.2% in October 2020. According to CFAA’s members, vacancy rates generally increased in the city centres and university towns, while staying flat in suburbs and in smaller centres which do not serve universities or colleges. CFAA President, John Dickie, says, “Despite the increase in vacancy rates due to COVID-19, there remains an underlying shortage of rental housing, especially in Greater Toronto [...]

CFAA comments on the CMHC rental report for Oct 20202021-12-17T11:56:53-05:00

CFAA comments on CMHC Rental Market Reports

2020-07-08T16:26:24-04:00

Average vacancy rate decreases 0.2% to 2.2% --- Governments need to make the tax and development climate better for rentals According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 2.4% in October 2018 to 2.2% in October 2019. Vacancy rates generally declined in the Maritimes, Quebec, Alberta, and Saskatchewan, while increasing by modest amounts in centres in Newfoundland, most of Ontario and most of British Columbia. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental housing in some form in almost all centres, [...]

CFAA comments on CMHC Rental Market Reports2020-07-08T16:26:24-04:00

CFAA welcomes Canada-Ontario Housing Benefit agreement

2020-01-09T10:51:47-05:00

CFAA welcomes today’s announcement of the Canada-Ontario agreement to implement the new Canada Housing Benefit in Ontario. The new Housing Benefit will provide funding directly to households who need help to meet the cost of housing in their communities. Across Canada, the Canada Housing Benefit is being rolled out under 13 separate agreements, one with each province and territory. CFAA has long advocated an expanded use of portable housing benefits. Among the advantages of housing benefits is the flexibility they provide for governments to respond to different housing situations and different funding envelopes. At today’s announcement, the Hon. Ahmed Hussen, [...]

CFAA welcomes Canada-Ontario Housing Benefit agreement2020-01-09T10:51:47-05:00

CFAA’s Issues for the Renewed Liberal Government

2019-12-17T15:45:23-05:00

CFAA congratulates Justin Trudeau and the Liberal Party for their re-election as a strong minority government. We look forward to working with the renewed Liberal government on issues which matter to Canada’s residential landlords and renters. Renters are often affected by issues which affect landlords, since cost increases put upward pressure on rents, while cost savings tend to reduce rents. Renters also suffer when rental supply does not keep up with rental demand, as has occurred in many major and other centres across Canada. CFAA will continue to work with the renewed government on the following planks in the [...]

CFAA’s Issues for the Renewed Liberal Government2019-12-17T15:45:23-05:00
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