Proposed renters' bill of rights won't help supply, developer says
BNN Bloomberg
A top rental developer in Toronto says a proposed renters’ bill of rights will do little to address the most pressing issue driving rental prices higher: supply.
Late last month, Prime Minister Justin Trudeau announced several measures would be introduced during next week’s budget to support the rights of renters. Among them, Trudeau plans more power for renters in disputes against landlords, allowing rent payments to count toward a renter’s credit history and a $15-million Tenant Protection Fund.
Adrian Rocca, CEO of Fitzrovia, said developers need “meaningful movement” in next week’s budget if renters are to get any support in the end.
“We need to find ways to incentivize developers, the development community, to build more purpose-built rental units within the market and do it as quickly as possible,” he told BNNBloomberg.ca in a phone interview on Tuesday.
From rolled steel to kitchen cabinets, Canadian businesses hit by targeted U.S. tariffs are struggling to respond as the trade war drags into its second year.
Global benchmarks mostly rebounded Tuesday, in a mood of cautious relief after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war.
It’s that time of the year again, tax time, a time to file your annual return with the Canadian Revenue Agency.
Gold seen as overbought as Iran tensions ease, with falling oil prices lifting stocks and shifting investor sentiment toward risk assets.
Stock markets in Canada and the U.S. rallied after President Donald Trump said the United States has talked with Iran about a possible end to the war.
A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.
A pipeline leak in Sarnia, Ont., has been located more than a week after a sheen reportedly turned up on the St. Clair River.
U.S. President Donald Trump on Monday said the U.S. was talking with a “respected” Iranian leader and claimed the Islamic Republic was eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying it has an additional five days.
Berkshire Hathaway, the conglomerate built by Warren Buffett, is buying a 2.49 per cent stake in Japanese insurer Tokio Marine Holdings for about US$1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.
Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.
Asset management giant BlackRock’s CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
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