E.B. Dungey Realty Ltd. Brokerage – Welcome!

Author: Toronto Real Estate Admin / Category: Toronto Real Estate, Toronto Realtor

For over 50 years E.B.Dungey Realty Ltd. Brokerage has been the leader in home, villa, home site, and commercial property transactions in the Greater Toronto Area. Today, we are still the very best. And as the best in the GTA, we promise to only get better. Everyday we strive to take our company to the next level and will continue to lead the GTA real estate market in sales, listings, and satisfaction because we know that being #1 does not only come from how much business we do, but rather how well we do it. We stay on top by understanding that our clients aren’t loyal to us; they are loyal to the standards we represent. That’s why we can guarantee that in every aspect of business E.B.Dungey Realty Ltd. Brokerage is:

  • Always The Best
    Ensuring that everything we do is consistently superior to any other company in the entire GTA
  • Always Professional
    Representing our clients and company with confidence, class, and a visibly adept knowledge of the GTA market
  • Always Ethical
    Doing the right thing, the right way, every time
  •  

    OUR MISSION:

    The Best Real Estate Sales Professionals

    We pride ourselves in having the very best real estate sales professionals, guaranteeing you unsurpassable knowledge and years of success in this market. When it comes to being number one we keep our goals simple. Our goal is not to be the biggest real estate company in the area. It is simply to be the best.

    The Best Customer Service
    After being the best over fifty years, we have learned that our success is all attributed to our valued and loyal clients. That’s why we promise you the best customer service. Our agents and sales support staff are here to serve you. We value our relationships and appreciate your referrals, and we ensure you that you can always rely on the paramount level of service we provide.


    The Best Sales Support Staff
    With top producing agents and our convenient office location our level of business requires a certain level of support. We have the most talented and attentive sales assistants in the Greater Toronto market and they are always here to serve you and our sales professionals, ensure that your property receives the utmost attention and the highest level of exposure.

    The Best Results
    With over 50 years in real estate transactions our company has the experience and expertise to sell your property with the best service, at the best price, and in the best amount of time. With new and innovative marketing techniques, an aggressive mailing program, and the most visited website in our market you can be sure that working with the best will surpass your expectations and leave you more than satisfied with the results
    .

    CMHC Changes Jan 17 2011

    Author: Toronto Real Estate Admin / Category: News Bulletin, Today's Mortgage Rates, Toronto Real Estate

    News Bulletin Jan 17, 2011

    This morning the Finance Minister Jim Flaherty announced tighter mortgage lending conditions (CMHC Insured) , effective March 18, 2011, with the intent to protect borrrowers from “overborrowing” and improve their ability to manage their debt wisely in the event that interest rates rise.

    The key points were as follows:

     

    Amortization Rate
    Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value ratios of more than 80 per cent. This will significantly reduce the total interest payments Canadian families make on their mortgages, allow Canadian families to build up equity in their homes more quickly, and help Canadians pay off their mortgages before they retire.

    Refinancing

    Lower the maximum amount Canadians can borrow in refinancing their mortgages to 85 per cent from 90 per cent of the value of their homes. This will promote saving through home ownership and limit the repackaging of consumer debt into mortgages guaranteed by taxpayers.

    Lines of Credit (effective April 18, 2011)

    Withdraw government insurance backing on lines of credit secured by homes, such as home equity lines of credit, or HELOCs. This will ensure that risks associated with consumer debt products used to borrow funds unrelated to house purchases are managed by the financial institutions and not borne by taxpayers.

     

    Note that lenders may put these changes into effect at their own discretion before March 18, 2011.

    todays mortgages

    Author: Grenville Dungey / Category: News Bulletin, Today's Mortgage Rates, Toronto Real Estate

    Current Mortgage Rates

    RESIDENTIAL* 

    TERM 6 mo 1 yr 2 yrs 3 yrs 4 yrs 5 yrs 7 yrs 10 yrs
    Closed 4.45 3.09 3.30 3.55 3.69 3.79 4.79 4.99
    Open 6.35 6.35 - - - - - -
     Convertible 4.55 - - - - - - -
    Variable - - - 2.20 - 2.25 - -

    COMMERCIAL*

    (AAA properties over $1mio)

    TERM 3 yrs 5 yrs 10 yrs
    Closed 5.99 5.75 6.80

     * Rates Subject to Change Without Notice.   For other ICI properties and/or smaller amounts, please call to discuss

    Home View

    Author: Grenville Dungey / Category: Today's Mortgage Rates, Toronto Real Estate, Toronto Realtor

    I came across this flyer.  What do you think?

    Flyer – The Home

    Local Businesses And Community Groups Join Together To Call On City To Improve Safety At Intersection Of Don Mills Road And Kern Road

    Author: Toronto Real Estate Admin / Category: Toronto Realtor

    TORONTO, February 8, 2018
    Prominent local businesses and community organizations are calling on the City of Toronto to improve the safety of the intersection at Don Mills Road and Kern Road by installing a traffic signal.

    “We have serious concerns about the safety of this intersection.  It has a long history of serious accidents, and an even longer history of close calls.  We are concerned that it may only be a matter of time before something tragic happens at this intersection,” said John DiMichele, Chief Executive Officer of the Toronto Real Estate Board (TREB).

    The Toronto Real Estate Board, whose offices are located at the corner of Don Mills Road and Kern Road, is joined in calling for City action at this intersection, by numerous other businesses and community organizations in the same area, including:

    • Don Mills Children’s Centre
    • North York Community Christian Church
    • Met Scan Canada Inc.
    • Commerce Press Inc.
    • Bernstein Diet and Health Clinics

    Together, these organizations have launched NoMoreCloseCalls.ca to help make the voices of the people who live, work, study, visit and drop off their children near this intersection heard.

    “We have been asking the City to do something about this intersection for years, but unfortunately nothing has been done and accidents and close calls continue to happen. The number and speed of vehicles on Don Mills Road, along with other factors, make it very dangerous for vehicles attempting to turn from Kern Road, and for pedestrians trying to reach the TTC stops on either side of Don Mills Road,” said DiMichele.

    The area surrounding the intersection of Don Mills Road and Kern Road includes several churches, child care facilities, schools and businesses that employ hundreds of people with thousands of visitors and customers.

    Additional Quotes:

    “The children that we care for travel through this intersection every day when they are dropped off and picked up. Their parents have expressed concerns about this intersection to us. Something needs to be done before something tragic happens.”

    Sameah Noori, Don Mills Children’s Centre

    “Our parishioners have told us many times that they are concerned about the safety of the intersection of Don Mills Road and Kern Road, especially our senior parishioner drivers. We don’t understand why the City has not done anything even though we have asked many times.”

    Rev. Sunny Wong, North York Christian Community Church

    “As a former Deputy Chief for the Toronto Police Service, I believe that the City needs to take a close look at the safety of the Don Mills Road and Kern Road intersection.  The many incidents and close calls that occur at this intersection cannot be ignored. Police cars from 33 division regularly monitor the traffic for hours a day from the east side parking lot noting the challenging traffic issues. This activity consumes officers time and could be used elsewhere if the intersection had a signalized light.”

    Kim Derry, CEO and President, Met Scan Inc.

    “Our employees travel through this intersection every day and they often feel unsafe making turns here. It’s time for the City to do something.”

    Corey Elmaleh, Commerce Press Inc.

    “When the people who use this intersection every day continuously raise concerns, the City should take heed. It’s time for action.”

    Lenora Blackstein, Dr. Bernstein Diet and Health Clinics

    Article source: http://www.trebhome.com/market_news/release_market_updates/news2018/nr_close_calls.htm

    Affordable rental housing celebrated in Ottawa

    Author: Toronto Real Estate Admin / Category: News Bulletin

    OTTAWA, ON, February 6, 2018 — More families, seniors, chronically homeless men and women, and people living with disabilities will now have a place to call home in Ottawa. The federal, provincial and municipal governments are investing over $74 million to create more than 675 affordable housing units.

    The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Peter Milczyn, Ontario’s Minister of Housing and Minister Responsible for the Poverty Reduction Strategy, made the announcement today. Jim Watson, Mayor of the City of Ottawa, also participated in the event.

    The announcement took place at an official opening for a new affordable housing development at 455 Via Verona Avenue in Ottawa, built in partnership with the Multifaith Housing Initiative. The development will provide 98 affordable apartments, including 10 accessible units.

    Quick facts:

    • The governments of Canada and Ontario jointly contributed over $54 million through the Investment in Affordable Housing (IAH) Agreement.
    • The City of Ottawa also contributed more than $20 million to these projects.
    • Canada’s first ever National Housing Strategy is a 10-year, $40-billion plan that will give more Canadians a place to call home. Under the National Housing Strategy, the federal government will recognize and progressively implement every Canadian’s right to access housing that meets their needs and that they can afford.

    Quotes:

    “Our Government is taking action to strengthen the middle class. Through new investments in the National Housing Strategy, we will ensure that more Canadians have access to housing that meets their needs and that they can afford. We will reduce housing need, lift more Canadians out of poverty, and contribute to strong, more inclusive communities.”
    — The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC)

    “As a government, it’s our vision that every family has an affordable place to call home. When all three levels of government work together we can build strong, inclusive communities and reach our goal of ending chronic homelessness by 2025.”
    — The Honourable Peter Milczyn, Ontario Minister of Housing and Minister Responsible for the Poverty Reduction Strategy

    “The City of Ottawa is committed to providing access to safe and affordable housing to all its residents. These important investments will help our most vulnerable residents find a stable place they can call home. By working collaboratively with the Provincial and Federal Governments and with our service providers, the City is increasing its affordable and supportive housing stock and remains on track to meet its goal of ending chronic homelessness by 2024.”
    — Jim Watson, Mayor, City of Ottawa

    “Ottawa has a pressing need for safe, affordable housing, and projects like The Haven can be life-altering. By helping to provide nice, safe homes, the community of partners behind these initiatives, and in particular governments at all levels, have answered the prayers of single parents and their children, persons with physical disabilities, new Canadians, and hundreds of others.”
    — Mike Ward, President, Multifaith Housing Initiative

    Associated links:

    • As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. For more information, follow us on Twitter, YouTube, LinkedIn and Facebook.
    • Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing or follow us on Twitter.

    Media contacts:

    Émilie Gauduchon
    Press Secretary
    Office of Minister Duclos
    819-654-5546
    emilie.gauduchon@hrsdc-rhdcc.gc.ca

    Wilbur McLean
    Public Affairs
    Canada Mortgage and Housing Corporation
    416-218-3331
    wmclean@cmhc-schl.gc.ca

    Matt Ostergard
    Senior Communications Advisor
    Office of Minister Milczyn
    416-585-7647
    matt.ostergard@ontario.ca

    Conrad Spezowka
    Communications
    Ministry of Housing
    416-585-7066
    MHO.media@ontario.ca

    Backgrounder

     

    Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2018/2018-02-06-1345.cfm

    TREB Releases Market Year In Review & Ooutlook Report At Economic Summit

    Author: Toronto Real Estate Admin / Category: Toronto Realtor

    TORONTO, January 30, 2018
    The Toronto Real Estate Board will release its annual Market Year in Review Outlook Report today at the Board’s Economic Summit.

    This report captures statistics recorded through TREB’s MLS® System for 2017 and provides a market outlook for 2018, as well results from Ipsos consumer surveys and an economic impact analysis conducted by Altus. This information will help readers better understand our marketplace and the policy issues that inform it. Specifically, this edition focuses on questions of transportation and housing diversity in the broader Greater Golden Horseshoe Region and also shares some new research on how the real estate industry contributes to our economic engine.

    Economic Impact

    “On average, each residential transaction reported through TREB’s MLS® System in the GTA generates $68,275 in spin-off expenditures, according to recent analysis conducted by Altus Group. The real estate industry is a key contributor to our economy, with total annual spin-off expenditures close to $7 billion.  From the economic impact of TREB MLS® System transactions, to government revenues associated with residential sales, to the impact of the new construction sector, this new Altus research included in this report highlights the depth to which transactions involving GTA REALTORS positively impact our economy,” said TREB President Tim Syrianos.

    2017 Year in Review

    In 2017, annual residential sales were down compared to the record level set in 2016.  Total sales reported through TREB’s MLS® System amounted to 92,394 – down by 18 per cent compared to over 113,000 transactions in 2016.

    Record sales in Q1 2017 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) announcement and the associated psychological impacts.  The pace of sales picked up in Q4, as the impact of the FHP started to wane and some buyers arguably brought forward their home purchase in response to the new Office of the Superintendent of Financial Institutions (OSFI) stress test guidelines effective January 1, 2018.

    Home prices and home price growth also differed throughout 2017.  Year-over-year average price growth of over 30 per cent was reported in the first quarter.  This was arguably one of the triggers that prompted the announcement of the FHP. Following the onset of the FHP, sales declining and listings increasing, market conditions started to balance out, with the annual rate of price growth moderating in the second half of the year.

    The calendar year 2017 average selling price was up by 12.7 per cent annually to $822,681.  Although annual growth in the average price was generally positive on a year-over-basis throughout the year, the overall annual rate of growth was underpinned by pre-FHP transactions.

    2018 Outlook

    Looking forward, the forecast range for TREB MLS® sales in 2018 is between 85,000 and 95,000. The midpoint of this range suggests an annual sales count slightly lower than the 2017 total.  It is anticipated that year-over-year declines will be more pronounced in the first four months of 2018, as comparisons are made to the record pace of sales at the beginning of 2017.  Conversely, sales are expected to be up on a year-over-year basis as we move through the late spring and summer months.

    Ipsos polling of intending buyers supports a flatter sales trend in 2018, with buying intentions lower compared to a year ago.  Of particular note is the dip in first-time buying intentions over the past year.  There remains a degree of uncertainty in the marketplace due to the psychological impact of the Ontario Fair Housing Plan and changes to mortgage lending guidelines.  First-time buyers are flexible – they can continue to rent or live with family, for example, while they decide when, where and what type of home they intend to purchase.

    Changes to mortgage lending guidelines, including the OSFI-mandated stress test, will affect home buyers.  The Ipsos survey of intending buyers found that 26 per cent of intending buyers felt that they wouldn’t qualify for a mortgage two percentage points higher than the current market rate on their home of choice.  However, in response to the stress test, many intending buyers will change the type and/or location of home they are looking to purchase or potentially tap other down payment sources, rather than simply deciding not to purchase a home.

    The forecast range for the average selling price in 2018 is between $800,000 and 850,000.  The midpoint of that range suggests a slight increase in the average selling price this year.  Similar to sales, year-over-year declines in the average selling price will likely be reported in some months during the first half of the year, as comparisons are made to the high price levels reported at the beginning of 2017.  During the second half of 2018, annual rates of price growth will be in the mid-single digits, with enough competition between buyers to see rates of growth above the rate of inflation.

    The pace of home price growth will not be uniform across market segments in 2018.  Expect tight market conditions for condominium apartments to underpin continued double-digit rates of price growth in this market segment.  Conversely, the pace of growth for more expensive detached homes will be less brisk.

    “Fundamental demand drivers promoting housing demand will remain in place in 2018, including immigration-driven population growth, job creation and low unemployment across a diversity of economic sectors.  However, we must be cognizant of the fact that, in the short term, higher borrowing costs and the effects of federal and provincial policy decisions will act as a drag on demand for ownership housing.  It is also probable that provincial rent control legislation will stunt the supply of available rental units, resulting in a continuation of average rent growth well-above the rate of inflation,” said Jason Mercer, TREB’s Director of Market Analysis.

    Housing and Transportation Diversity Research

    In addition to analyzing how market fundamentals influence demand, supply, and price growth, the report also includes several sections with new research focused on improving our regional transportation network. Studies from the C.D. Howe Institute and the Toronto Region Board of Trade, as well as submissions from government policymakers, including Toronto Mayor John  Tory and other GTA Regional Chairs and mayors, all serve to identify the main issues with, and present innovative, evidence-based approaches to, solving these problems.

    “The transportation infrastructure in the Greater Golden Horseshoe needs improvement, especially if we’re to keep up with the demographic changes that continue to shape our region. This report is full of evidence-based research and data that can help to serve as the basis for implementing innovative and practical solutions to many of the transportation and transportation infrastructure problems we face today, which is critical, because waiting to solve these issues is not an option,” said TREB CEO John DiMichele. 

    The report also features sections on the New Homes and Commercial market segments, and presents exciting research on the “Missing Middle” in housing from the Canadian Centre for Economic Analysis (CANCEA), which seeks to provide a new solution to address ongoing housing supply pressures in the region.

     

    The complete report will be released publicly at 12:00 p.m. on January 30, 2018 on TREBhome.com.

    Article source: http://www.trebhome.com/market_news/release_market_updates/news2018/nr_outlook_report_2018.htm

    TREB Releases Rental Market Figures As Reported By GTA REALTORS®

    Author: Toronto Real Estate Admin / Category: Toronto Realtor

    TORONTO, January 22, 2018 — Toronto Real Estate Board President Tim Syrianos announced that average rents for one-bedroom and two-bedroom condominium apartment rents were up very strongly on a year-over-year basis in the fourth quarter of 2017, based on transactions reported by Greater Toronto REALTORS® through TREB’s MLS® System.

    The average rent for one-bedroom condominium apartments in the TREB market area was up by 10.9 per cent on an annual basis to $1,970 in Q4 2017. The average two-bedroom condominium apartment rent was up by 8.8 per cent over the same period to $2,627.

    “As the population in the GTA continues to grow, so too does the demand for rental accommodation. The problem is that rental supply has not kept up with the increase in demand in recent years. The result has been low vacancy rates and intense competition between renters for available units. This competition has underpinned very strong growth in average rents,” said Mr. Syrianos.

    The number of condominium apartments listed during the fourth quarter was down by 3.4 per cent compared to Q4 2016. The number of units leased was down by 0.7 per cent. Because the vacancy rate was less than one per cent for condominium apartments in the fall of 2017, a dip in the number of apartments listed for rent translated through into a dip in the number of lease agreements signed.

    “Looking forward, we continue to have concerns that rent control legislation announced in conjunction with the Ontario Fair Housing Plan will preclude additional rental supply coming on stream, both in the purpose-built and investor-held condominium apartment segments. Going further, it is possible that current owners of condominium apartments could choose to list their units for sale to take advantage of recent price gains rather than rent their units to tenants under the new rent control regime,” said Jason Mercer, TREB’s Director of Market Analysis.

    Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_rental_report_Q4-2017.htm

    TREB Releases Condo Market Figures As Reported By GTA REALTORS®

    Author: Toronto Real Estate Admin / Category: Toronto Realtor

    TORONTO, January 22, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,773 condominium apartment sales through TREB’s MLS® System in the fourth quarter of 2017.  This result was down by 15.4 per cent compared to the last three months of 2016.

    Over the same period, new condominium apartment listings were up by 9.8 per cent to 8,186.  While sales were down relative to listings, market conditions still remained tight, with a sales-to-new listings ratio of 70 per cent.

    “Demand for condominium apartments remained strong relative to listings in the fourth quarter.  Even with the uptick in listings, which was certainly welcome, there was enough competition between buyers to prompt double-digit annual rates of price growth.  This points to the fact that we still do have a supply problem in the GTA that needs to be addressed to ensure the long term sustainability of the marketplace,” said Mr. Syrianos.

    The average selling price for condominium apartments was up by 17.9 per cent year-over-year in the fourth quarter to $515,816.  While this annual rate of growth was down from earlier in 2017, the condominium apartment segment was still the leader in terms of price growth in the second half of the year.

    “Seller’s market conditions remained in place for the condominium apartment market segment in the fourth quarter.  Based on price point, this housing type remains top of mind for many first-time buyers.  In addition, as home prices have grown year-over-year some buyers who initially may have considered the purchase of a low-rise home have chosen to purchase a condo apartment as well,” said Jason Mercer, TREB’s Director of Market Analysis.

    Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_condo_report_Q4-2017.htm

    TREB Releases Commercial Market Figures Reported By GTA REALTORS®

    Author: Toronto Real Estate Admin / Category: Toronto Realtor

    TORONTO, January 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced commercial leasing and sales statistics reported through TREB’s MLS® System for the fourth quarter of 2017.

    TREB Commercial Network Members reported 5,985,841 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System.  This result was up from 5,824,485 square feet leased during the last three months of 2016.

    The great majority of leased square footage was accounted for by the industrial market segment, at 75 per cent of the total, or approximately 4.5 million square feet.  This result was down slightly compared to Q4 2016.

    Average lease rates reported on a per square foot net basis for transactions with pricing disclosed were up for all major market segments.  The average industrial and commercial/retail lease rates remained at similar levels to last year, whereas the average office lease rate was up by a more substantial annual rate.  Much of the growth in the office lease rate was accounted for by a different mix of space leasing in larger size categories compared to 2016.

    “The fact that Q4 2017 leasing activity was up compared to last year is a positive sign and is in line with the consensus view that economic growth in Canada will remain relatively strong in the coming year with business investment intentions remaining positive.   Businesses take on new space when they are confident that their business will expand in the future,” said Mr. Syrianos.

    Combined industrial, commercial/retail and office sales reported by TREB Commercial Network Members amounted to 211 in Q4 2017 – down from a total of 366 sales reported in Q4 2016. Average sale prices on a per square foot basis for transactions with pricing disclosed were up for the industrial and office market segments and down for the commercial/retail segment.  Year-over-year changes in selling prices were due to both market conditions and changes in the mix of properties sold.  For office properties in particular, a change in the mix of properties sold between Q4 2016 and Q4 2017 was a major factor.

    Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_comm_watch_1217.htm

    Governments of Canada and Ontario providing housing support for human trafficking survivors

    Author: Toronto Real Estate Admin / Category: News Bulletin

    ONTARIO, December 21, 2017 — The Governments of Canada and Ontario have announced more than $7 million to help survivors of human trafficking in Ontario through new transitional housing and rent assistance. This will help ensure that survivors have a safe place to live while they access services and supports to help them heal from trauma and rebuild their lives.

    This funding will be delivered through the joint federal-provincial Investment in Affordable Housing (IAH) agreement. It will allow for partners and community agencies receiving funding through Ontario’s Anti-Human Trafficking Community Supports Fund and Indigenous-led Initiatives Fund to help survivors of human trafficking access safe housing. For example:

    • The City of Toronto, in partnership with Covenant House, will create a transition home for women and girls, with comprehensive, on-site services such as mental health and addictions treatment, education, legal and income supports.
    • Survivors of human trafficking will be able to get help paying rent while they also receive culturally respectful wraparound supports from Native Women’s Inc. Hamilton Wentworth.
    • Centre Passerelle pour femmes du Nord de l’Ontario will help French-speaking survivors of human trafficking access rent assistance in addition to providing transitional supports such as legal assistance, counselling and other services.
    • Sexual Assault Survivors’ Centre Sarnia Lambton will help survivors access rent assistance while also offering targeted supports through a dedicated human trafficking worker and enhanced coordination through a community response protocol.

    Quick facts:

    • The following organizations are approved for funding to create a residence or transition home for survivors of human trafficking:
      • Huronia Transition Homes (Midland) — $600,000
      • City of Toronto (Toronto) — $885,000.
    • The following organizations are approved for funding to help survivors of human trafficking pay their rent:
      • Sexual Assault Violence Intervention Services of Halton (Halton) — $413,910
      • Native Women’s Inc. Hamilton Wentworth (Hamilton) — $188,000
      • Addiction Services of Thames Valley (London) — $209,760
      • London Abused Women’s Centre (London) — $393,750
      • Huronia Transition Homes (Midland) — $226,800
      • A New Day Youth and Adult Services (Ottawa) — $79,350
      • Voice Found (Ottawa) — $478,800
      • Sexual Assault Survivors’ Centre Sarnia Lambton (Sarnia) — $236,250
      • Centre Passerelle pour femmes du Nord de l’Ontario (Timmins) — $409,500
      • City of Toronto (Toronto) — $297,750
      • East Metro Youth Services (Toronto) — $598,500
      • FCJ Refugee Centre (Toronto) — $75,180
      • Native Child and Family Services Toronto (Toronto) — $411,075
      • Sexual Assault Support Centre of Waterloo (Kitchener-Waterloo) — $171,160
      • Legal Assistance of Windsor (Windsor) — $598,500
      • Women’s Support Network of York Region (York) — $393,120
      • 360˚ Kids (York) — $378,000
    • On September 28, 2017, Ontario announced $18.6 million in program funding for 45 projects that focus on prevention and improving services and supports for survivors of human trafficking, through the Community Supports Fund and Indigenous-led Initiatives Fund. Today’s funding announcement will provide further support to many of those projects.
    • Canada’s first ever National Housing Strategy is a 10-year, $40-billion plan that will give more Canadians a place to call home. Under the National Housing Strategy, the federal government will recognize and progressively implement every Canadian’s right to access housing that meets their needs and that they can afford.
    • Through the IAH, the Government of Canada is also providing to Ontario over two years:
      • More than $67 million to support the construction, repair and adaptation of affordable housing for seniors;
      • Close to $28 million to support the construction and renovation of shelters and transition houses for victims of family violence;
      • More than $209 million to help address the increasing demand for repairs as social housing units age, and to improve efficiency and reduce energy and water use

    Quotes:

    “The peace of mind that comes with having a secure and stable home is invaluable. These investments demonstrate our Government’s commitment toward ensuring that survivors of human trafficking are able to enjoy a safe and stable environment.”

    Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

    “Ontario is committed to working with survivors, and with communities and agencies that provide critical supports to those who have been trafficked. It is so vital that survivors of human trafficking have access to the services they need, including housing so that they can heal from the trauma after leaving a life of violence and exploitation.”

    Dr. Helena Jaczek, Ontario’s Minister of Community and Social Services

    Associated links:

    • As Canada’s authority on housing, Canada Mortgage and Housing Corporation contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. For more information, please call 1-800-668-2642 or follow us on Twitter, YouTube, LinkedIn and Facebook.
    • Ontario’s Strategy to End Human Trafficking includes an investment of up to $72 million to increase awareness and coordination, enhance justice-sector initiatives and improve survivors’ access to services. The strategy is part of the Ontario government’s vision to ensure that everyone in the province can live in safety, free from the threat, fear or experience of exploitation and violence. For more information, follow us on Twitter and read the First-year Progress Report of Ontario’s Strategy to End Human Trafficking.

    Media contacts:

    Émilie Gauduchon
    Press Secretary
    Office of Minister Duclos
    819-654-5546
    emilie.gauduchon@hrsdc-rhdcc.gc.ca

    Wilbur McLean
    Public Affairs
    Canada Mortgage and Housing Corporation
    416-218-3331
    wmclean@cmhc-schl.gc.ca

    Lyndsay Miller
    Press Secretary
    Office of Minister Jaczek
    416-325-5450
    lyndsay.miller@ontario.ca

    Gavin Halford
    Communications
    Ministry of Community and Social Services
    416-325-0216
    gavin.halford@ontario.ca

    Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-12-21-0900.cfm

    TREB Releases Commercial Market Figures As Reported By GTA REALTORS®

    Author: Toronto Real Estate Admin / Category: Toronto Realtor

    TORONTO, December 5, 2017 — Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Network Members reported over 378,000 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in November 2017.  This result was up by almost 30 per cent compared to November 2016.

    Over 70 per cent of leased space was accounted for by the industrial market segment, followed by the commercial/retail and office market segments respectively.

    Average lease rates for properties transacted on a per square foot net basis with pricing disclosed were up for all three major market segments. Market conditions are one factor influencing changes in lease rates.  Another factor is the change in the type, size and location of lease transactions over time.  Both of these factors likely played into the year-over-year lease rate increases.

    “It was positive news that the amount of space leased in November was up compared to last year.  However, it is important to point out that we do see volatility in the number and size of transactions from month to month.  Over the longer term, demand for commercial space is driven by the prospects for economic growth.  Right now the Canadian economy, and southern Ontario therein, is performing very well from a global perspective.  It makes sense that we would see strong demand for commercial space moving forward, both from existing firms in the GTA and firms who are looking to locate in our diverse economic region,” said Mr. Syrianos.

    Total industrial, commercial/retail and office sales reported through TREB’s MLS® System amounted to 50 – down from 55 reported in November 2016.  The mix of sale transactions for the industrial and office segments changed notably between November 2016 and November 2017.  This was the main factor underlying the large annual changes in lease rates for these market segments, rather than a shift in market conditions.

    Article source: http://trebhome.com/market_news/release_market_updates/news2017/nr_comm_watch_1117.htm

    Canadians get affordable housing help — Windsor

    Author: Toronto Real Estate Admin / Category: News Bulletin

    Plan calls for significant investments in affordable units and repairs to existing units

    WINDSOR, ONTARIO, December 1, 2017 — All Canadians need and deserve housing that is safe and affordable. A home makes Canadians feel more secure, making it easier to raise healthy children, pursue an education, and gain employment.

    Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs), today shared details of the 10-year, $40 billion National Housing Strategy that will help reduce homelessness and improve the availability and quality of housing for Canadians in need.

    Across Canada, 1.7 million Canadians are in core housing need. To help address this, the Strategy has set bold goals including:

    • reducing chronic homelessness by 50 per cent;
    • removing more than 530,000 households from housing need;
    • creating four times as many new housing units as built under federal programs from 2005 to 2015;  
    • repairing three times as many existing housing units as repaired under federal programs from 2005 to 2015; and
    • protecting an additional 385,000 households from losing an affordable place to live.

    The National Housing Strategy is meeting the needs of Canadians, including seniors, Indigenous Peoples, survivors of family violence, people with disabilities, refugees, veterans, and those grappling with homelessness. It will promote diverse communities and encourage the construction of homes that are sustainable, accessible, mixed-income, mixed-use, and located near transit, work, and public services. In response to calls from housing advocates, service providers and feminist leaders, the Strategy commits to ensuring that at least 25% of funds go to projects for women, girls and their families.

    This Strategy – built by and for Canadians – sets a long-term vision for housing in Canada with unprecedented investments and new programs that will deliver real results for Canadians working hard to improve their quality of life.

    This Strategy will focus on the needs of the most vulnerable through a human-rights-based approach to housing. Within the next year, legislation will be introduced obligating the federal government to maintain a National Housing Strategy and report to Parliament on housing targets and outcomes.

    The federal government will work with provinces and territories to develop a $4 billion Canada Housing Benefit to be launched in 2020 to respond to local housing needs and priorities. This will be a significant new tool to address challenges of housing affordability in communities across the country. It will provide an estimated average of $2,500 per year to each household recipient, assisting at least 300,000 families when fully implemented. The benefit be delivered directly to households as a portable benefit they can use to help with the costs of housing.

    Quotes:

    “Our Government is establishing a federal leadership role in housing. The National Housing Strategy will create a new generation of housing in Canada. It will promote diverse communities and will build housing that is sustainable, accessible, mixed-income and mixed-use that will be located near transit, work and public services.”

    Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

    “The National Housing Strategy will create opportunities to collaborate and foster innovation with more partners than ever before, between the federal government and provinces and territories, municipalities, the community housing, non-profit and co-operative sectors, and the private sector to make a meaningful difference in the lives of Canadians.”

    Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs)

    Quick facts:

    • The National Housing Strategy – Canada’s first ever – was developed through consultations with Canadians from all walks of life: people who have experienced barriers to good housing, experts, stakeholders, think tanks, as well as provinces and territories and municipalities.
    • Over the next 10 years, the Strategy – which will be in part funded jointly by the federal, provincial, and territorial governments – will help reduce homelessness and the number of families living in housing need, and will help strengthen the middle class.
    • Investment under the National Housing Strategy includes:
      • $15.9-billion for a new National Housing Co-Investment Fund
      • $8.6-billion for a new Canada Community Housing Initiative in partnership with provinces and territories, and $500 million through a new Federal Community Housing Initiative
      • $4-billion for a new Canada Housing Benefit to be launched in 2020 in partnership with provinces and territories
      • $2.2-billion to reduce homelessness
      • $300-million in additional federal funding to address housing needs in Canada’s North.
      • $241-million for research, data and demonstrations.
    • In recognition of the significant amount of new housing units to be built and repaired through the federal Co-Investment Fund, the Strategy also includes ambitious targets to reduce greenhouse gas emissions, and ensure accessibility in building design.
    • The Government of Canada is also working with Indigenous leaders to co-develop distinctions-based housing strategies with First Nations, Inuit, and Métis Nation that will be founded on the principles of self-determination, reconciliation, respect, and cooperation.

    Associated links:

    Media contacts:

    Émilie Gauduchon
    Press Secretary
    Office of Minister Duclos
    613-404-2941
    Emilie.Gauduchon@hrsdc-rhdcc.gc.ca

    Audrey-Anne Coulombe
    Media Relations
    Canada Mortgage and Housing Corporation
    613-748-2573
    acoulomb@cmhc-schl.gc.ca

    Backgrounder

    Canada’s National Housing Strategy

    The National Housing Strategy is a part of a long-term vision to strengthen the middle class, promote sustainable growth for Canadians, and lift more Canadians out of poverty.

    The Strategy – funded through new and existing programs – follows a human rights-based approach, and includes a National Housing Co-Investment Fund, community housing initiatives, and the Canada Housing Benefit.

    A human rights-based approach to housing

    Canadians deserve safe and affordable housing.

    The National Housing Strategy will help address a range of housing needs, from shelters and community housing, to affordable rental and homeownership. It will promote:

    • Accountability
      • New legislation that promotes a human rights-based approach to housing and prioritizes the housing needs of Canada’s most vulnerable
      • A federal housing advocate to advise and identify actions to address systemic barriers faced by vulnerable groups
    • Participation and inclusion
      • A National Housing Council with a diverse membership that will provide advice to CMHC and the responsible Minister
      • A Community-Based Tenant Initiative that will support grassroots organizations by providing information and resources to tenants facing barriers in accessing community and affordable housing
      • A public engagement campaign to highlight the benefits of inclusive communities and housing to begin in 2020

    National Housing Co-Investment Fund

    The National Housing Co-Investment Fund will provide $15.9 billion – including $4.7 billion in contributions and $11.2 billion in low interest loans – to repair existing rental housing and develop new affordable housing. The Fund is expected to create up to 60,000 new homes and repair up to 240,000 existing community homes.

    The Fund will involve partnerships with – and investments from – the provinces and territories, municipalities, non-profits, co-operatives, and the private-sector. It will provide:

    • More shelter spaces for survivors of violence
    • Transitional and supportive housing for those in need
    • New and repaired affordable and community housing
    • Help to make homeownership more affordable for modest income earners

    The Fund will also support Canada’s climate change goals, promote technologies that decrease the impact of housing on the environment, and improve the accessibility of housing for people with disabilities.

    To encourage the development of sustainable, accessible, mixed-income, and mixed-use developments and to maximize the impact of this Fund, the Government of Canada will transfer up to $200 million in federal lands to housing providers. Funding will also be provided for environmental remediation, renovations, or retrofits to ensure surplus federal buildings are suitable for use as housing.

    Canada Housing Benefit

    The federal government will invite provinces and territories to partner on a jointly funded $4-billion Canada Housing Benefit.

    To be launched in 2020, the Canada Housing Benefit will provide affordability support directly to families and individuals in housing need, including those currently living in social housing, those on a social housing wait-list and those housed in the private market but struggling to make ends meet.

    The Government estimates that the Canada Housing Benefit will deliver an average of $2,500 per year to each recipient household. Over time, the Canada Housing Benefit will grow to support at least 300,000 households across the country.

    Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-12-01-0915.cfm

    Canadians get affordable housing help — Hamilton

    Author: Toronto Real Estate Admin / Category: News Bulletin

    Plan calls for significant investments in affordable units and repairs to existing units

    HAMILTON, ONTARIO, November 23, 2017 — All Canadians need and deserve housing that is safe and affordable. A home makes Canadians feel more secure, making it easier to raise healthy children, pursue an education, and gain employment.

    Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs), on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, today shared details of 10-year, $40 billion National Housing Strategy that will help reduce homelessness and improve the availability and quality of housing for Canadians in need.

    Across Canada, 1.7 million Canadians are in core housing need. To help address this, the Strategy has set bold goals including:

    • reducing chronic homelessness by 50 per cent;
    • removing more than 530,000 households from housing need;
    • creating four times as many new housing units as built under federal programs from 2005 to 2015;  
    • repairing three times as many existing housing units as repaired under federal programs from 2005 to 2015; and
    • protecting an additional 385,000 households from losing an affordable place to live.

    The National Housing Strategy is meeting the needs of Canadians, including seniors, Indigenous Peoples, survivors of family violence, people with disabilities, refugees, veterans, and those grappling with homelessness. It will promote diverse communities and encourage the construction of homes that are sustainable, accessible, mixed-income, mixed-use, and located near transit, work, and public services. In response to calls from housing advocates, service providers and feminist leaders, the Strategy commits to ensuring that at least 25% of funds go to projects for women, girls and their families.

    This Strategy – built by and for Canadians – sets a long-term vision for housing in Canada with unprecedented investments and new programs that will deliver real results for Canadians working hard to improve their quality of life.

    This Strategy will focus on the needs of the most vulnerable through a human-rights-based approach to housing. Within the next year, legislation will be introduced obligating the federal government to maintain a National Housing Strategy and report to Parliament on housing targets and outcomes.

    The federal government will work with provinces and territories to develop a $4 billion Canada Housing Benefit to be launched in 2020 to respond to local housing needs and priorities. This will be a significant new tool to address challenges of housing affordability in communities across the country. It will provide an estimated average of $2,500 per year to each household recipient, assisting at least 300,000 families when fully implemented. The benefit be delivered directly to households as a portable benefit they can use to help with the costs of housing.

    Quotes:

    “Our Government is establishing a federal leadership role in housing. The National Housing Strategy will create a new generation of housing in Canada. It will promote diverse communities and will build housing that is sustainable, accessible, mixed-income and mixed-use that will be located near transit, work and public services.”

    Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

    “Our Government is deeply committed to ensuring that Canada’s existing social housing stock remains affordable and in good repair well into the future. The National Housing Strategy is a key element of our Government’s plan to make new investments in social infrastructure – things like affordable housing and early learning and child care – to help strengthen the middle class, promote growth and give all Canadians the opportunity to succeed.”
    Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs)

    Quick facts:

    • The National Housing Strategy – Canada’s first ever – was developed through consultations with Canadians from all walks of life: people who have experienced barriers to good housing, experts, stakeholders, think tanks, as well as provinces and territories and municipalities.
    • Over the next 10 years, the Strategy – which will be in part funded jointly by the federal, provincial, and territorial governments – will help reduce homelessness and the number of families living in housing need, and will help strengthen the middle class.
    • Investment under the National Housing Strategy includes:
      • $15.9-billion for a new National Housing Co-Investment Fund
      • $8.6-billion for a new Canada Community Housing Initiative in partnership with provinces and territories, and $500 million through a new Federal Community Housing Initiative
      • $4-billion for a new Canada Housing Benefit to be launched in 2020 in partnership with provinces and territories
      • $2.2-billion to reduce homelessness
      • $300-million in additional federal funding to address housing needs in Canada’s North.
      • $241-million for research, data and demonstrations.
    • In recognition of the significant amount of new housing units to be built and repaired through the federal Co-Investment Fund, the Strategy also includes ambitious targets to reduce greenhouse gas emissions, and ensure accessibility in building design.
    • The Government of Canada is also working with Indigenous leaders to co-develop distinctions-based housing strategies with First Nations, Inuit, and Métis Nation that will be founded on the principles of self-determination, reconciliation, respect, and cooperation.

    Associated links:

    Media contacts:

    Émilie Gauduchon
    Press Secretary
    Office of Minister Duclos
    613-404-2941
    Emilie.Gauduchon@hrsdc-rhdcc.gc.ca

    Audrey-Anne Coulombe
    Media Relations
    Canada Mortgage and Housing Corporation
    613-748-2573
    acoulomb@cmhc-schl.gc.ca

    Backgrounder

    Canada’s National Housing Strategy

    The National Housing Strategy is a part of a long-term vision to strengthen the middle class, promote sustainable growth for Canadians, and lift more Canadians out of poverty.

    The Strategy – funded through new and existing programs – follows a human rights-based approach, and includes a National Housing Co-Investment Fund, community housing initiatives, and the Canada Housing Benefit.

    A human rights-based approach to housing

    Canadians deserve safe and affordable housing.

    The National Housing Strategy will help address a range of housing needs, from shelters and community housing, to affordable rental and homeownership. It will promote:

    • Accountability
      • New legislation that promotes a human rights-based approach to housing and prioritizes the housing needs of Canada’s most vulnerable
      • A federal housing advocate to advise and identify actions to address systemic barriers faced by vulnerable groups
    • Participation and inclusion
      • A National Housing Council with a diverse membership that will provide advice to CMHC and the responsible Minister
      • A Community-Based Tenant Initiative that will support grassroots organizations by providing information and resources to tenants facing barriers in accessing community and affordable housing
      • A public engagement campaign to highlight the benefits of inclusive communities and housing to begin in 2020

    National Housing Co-Investment Fund

    The National Housing Co-Investment Fund will provide $15.9 billion – including $4.7 billion in contributions and $11.2 billion in low interest loans – to repair existing rental housing and develop new affordable housing. The Fund is expected to create up to 60,000 new homes and repair up to 240,000 existing community homes.

    The Fund will involve partnerships with – and investments from – the provinces and territories, municipalities, non-profits, co-operatives, and the private-sector. It will provide:

    • More shelter spaces for survivors of violence
    • Transitional and supportive housing for those in need
    • New and repaired affordable and community housing
    • Help to make homeownership more affordable for modest income earners

    The Fund will also support Canada’s climate change goals, promote technologies that decrease the impact of housing on the environment, and improve the accessibility of housing for people with disabilities.

    To encourage the development of sustainable, accessible, mixed-income, and mixed-use developments and to maximize the impact of this Fund, the Government of Canada will transfer up to $200 million in federal lands to housing providers. Funding will also be provided for environmental remediation, renovations, or retrofits to ensure surplus federal buildings are suitable for use as housing.

    Canada Housing Benefit

    The federal government will invite provinces and territories to partner on a jointly funded $4-billion Canada Housing Benefit.

    To be launched in 2020, the Canada Housing Benefit will provide affordability support directly to families and individuals in housing need, including those currently living in social housing, those on a social housing wait-list and those housed in the private market but struggling to make ends meet.

    The Government estimates that the Canada Housing Benefit will deliver an average of $2,500 per year to each recipient household. Over time, the Canada Housing Benefit will grow to support at least 300,000 households across the country.

    Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-11-23-0900.cfm