Browsing Tag

rent

Withholding Rent: Gutsy or Risky?

Daoust Vukovich LLP Jul 6, 2021

In the face of economic downturn, uncertainty and pandemic lockdown, tenants value liquidity. Many view their rent obligations as daunting. When cash is scarce, the health of the tenant’s business takes on immediacy.Withholding…

Real Estate

Ont. judge orders HBC to pay outstanding rent to landlord Oxford Properties

Tara Deschamps – THE CANADIAN PRESS Jun 25, 2021

TORONTO – Hudson's Bay Co. is being ordered to pay up after it withheld rent from a prominent mall landlord.Ontario Superior Court Judge Cory Gilmore told the Toronto-based department store chain this week to pay rent it is owing Oxford…

Real Estate

Rent control provision quietly softened by N.S. Liberals two days after announcement

Michael Tutton - The Canadian Press Jun 11, 2021

HALIFAX — Two days after Nova Scotia's Liberals announced temporary rent caps in response to evictions and fast-rising rents amid the pandemic, they quietly decreased how broadly the controls applied.On Nov. 25, Chuck Porter, who was at…

Real Estate

Toronto neighbourhoods see rents for condo rentals and apartments decline: report

Building Jun 1, 2021

The rapid declines in average rental rates in the GTA in 2020 have dissipated and remained steady the first four months of this year, according to the latest Bullpen Research & Consulting and TorontoRentals.com Toronto GTA May Rent…

Building

N.S. needs bigger push to remedy decades of neglect in non profit housing: study

Michael Tutton – THE CANADIAN PRESS May 27, 2021

HALIFAX – A new report says Nova Scotia needs a major push to create publicly funded, non-profit housing to make up for over 25 years of lost ground.The Nova Scotia office of the Canadian Centre for Policy Alternatives argues in the…

Real Estate

With sales down 95 per cent, Montreal souvenir shop owners hope tourists return

Morgan Lowrie – THE CANADIAN PRESS May 25, 2021

MONTREAL – The shelves of Mohamed Ghodhbane's souvenir shop in Old Montreal are full of the kinds of merchandise found in tourist-friendly places the world over: T-shirts, shot glasses, key chains, snow globes and novelty licence…

Real Estate

Experts say big city rental markets turned corner in May, prices to go up

Salmaan Farooqui - The Canadian Press May 21, 2021

When Meleah Bennett started looking for a place to live in Toronto last autumn, she was hoping to act before rental rates picked up post-pandemic.She spent the first few months of the pandemic at her family's home, then picked up a…

Real Estate

Average rent down 9% in Canada year over year: report

Building May 12, 2021

The average asking rent for all Canadian properties listed on Rentals.ca in April was $1,675 per month, a decrease of $167 or 9 per cent from $1,842 in April of last year and down 1 per cent monthly.Since hitting a high of $1,954 in…

Real Estate

‘Stronger’ commercial leasing environment emerged amid COVID: RioCan REIT CEO

Tara Deschamps – THE CANADIAN PRESS May 4, 2021

TORONTO – RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.The Toronto-based trust…

Real Estate

Average GTA rent up first time since January 2020: report

Building Apr 28, 2021

The average rent in the GTA increased month over month in March for the first time since January 2020, rising slightly by 0.7 per cent from $2,007 to $2,021. But the average rent is still down 19 per cent annually, according to the latest …

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