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Municipal Licensing of Rental Homes: What Has to Happen Property Tax (September 16, 2014 / 09:48:07) 87722-1 FRPO-Sept_p01.pdf .1 SEPTEMBER 2014 Municipal Licensing of Rental Homes: What Has to Happen Property Tax Fairness for Renters Small Landlord, Big Problem: Bugged by Bugs The Risks of Short-Term Vacation Rentals FRPO’S FAIR EXCHANGE OF Kris Boyce on What Success Look RENTAL INDUSTRY NEWS Like: People, Planet and Profit (September 16, 2014 / 09:48:10) 87722-1 FRPO-Sept_p02.pdf .1 Hassle-Free Laundry Rooms For more information, contact us today! 1.877.755.5302 ■ [email protected] ■ www.coinamatic.com (September 16, 2014 / 09:48:12) 87722-1 FRPO-Sept_p03.pdf .1 The Voice of the Federation of Rental-housing Providers of Ontario 3 CONTENTS September 2014 FRPO’S FAIR EXCHANGE OF RENTAL INDUSTRY NEWS Features Departments Government Doing Social 7 Funding for 25Media Right CFAA Report Housing 4 By John Dickie, CFAA President Legislative Report Ontario Longest 8 10Energy Board 27Apartment Small Landlord, Update Building in the 32 Big Problems World Bugged by Bugs By Mike Chopowick Update On FRPO's Upcoming Events 172nd Annual 28Condominium Women’s Lunch Act, 1998 Review 39 Tenancy Don't Forget 20 Turnover 30the Parents Enhancing FRPO: 22Indoor Air 34 Bulletin Quality Wrap-Up Cover Story Federation of Rental-housingProviders of Ontario Cover photo: Kris Boyce, CEO of Greenwin Inc. Property 24Tax Fairness (September 16, 2014 / 09:48:13) 87722-1 FRPO-Sept_p04.pdf .1 4 FAIR EXCHANGE September 2014 REPORT FRPO’S FAIR EXCHANGE OF CFAA RENTAL INDUSTRY NEWS The voice of the Federation of Rental-housing Providers CFAA adopts a new tack of Ontario on tax lobbying A PUBLICATION OF: by John Dickie, CFAA President Federation of Rental-housingProviders of Ontario EDITOR: CFAA’s main government relations goal is to Mike Chopowick • FRPO achieve tax reform to improve the position of EMAIL: [email protected] TF: 1 (877) 688-1960 the rental housing industry. Over the years PHONE: (416) 385-1100 EX 21 we have taken several tacks to try to reach FAX: (416) 385-7112 www.frpo.org that goal, including pointing out unfairness 20 Upjohn Rd., Suite 105 Cin the treatment of rental property as Toronto, Ontario M3B 2V9 opposed to other business property, and the ADVERTISING & SALES: unfairness of the tax treatment of rental Mike Rich • MPH Graphics property compared with owner-occupied EMAIL: [email protected] TF: 1 (800) 668-6037 property. PHONE: (905) 470-2265 FAX: (905) 470-2205 While CFAA has avoided some negative mphgraphics.com 35 Mobile Drive changes, and achieved one or two small wins, we have yet to succeed in gaining Toronto, ON M4A 2P6 substantial tax reforms. As a result, the Board recently engaged a specialist SUBSCRIPTIONS & ADDRESS CHANGE: lobbying firm, with particular expertise in tax lobbying. Our new approach is to Lynzi Michal • FRPO address first a more fundamental issue, namely identifying the problem that EMAIL: [email protected] TF: 1 (877) 688-1960 needs to be solved. PHONE: (416) 385-1100 EX 22 FAX: (416) 385-7112 For decades, the left wing housing advocates have cried that the sky is falling; www.frpo.org 20 Upjohn Rd., Suite 105 that there is a crisis in rental housing that the government must solve, usually Toronto, Ontario M3B 2V9 with masses of money to build new social housing. CFAA and FRPO have never DESIGNED AND PRINTED IN CANADA BY: subscribed to the view that the sky is falling. The paper selected for this project represents these environmental savings: FRPO IS A MEMBER OF: trees water (litres) air emissions (kg) solid waste (kg) PRESERVED SAVED PREVENTED ELIMINATED Canadian Fédération Canadienne Des 1 15,210 336 122 Federation Associations of Apartment De Propriétaires *compared to products made of 100% virgin fibers Associations Immobiliers The table above demonstrates the environmental benefits of running stock with 10% PCW Opinions expressed in articles are those of the authors and (Post Consumer Waste). do not necessarily reflect the views and opinions of the The formulas shown are based upon production of 12,000 magazines per year printed on 70lb Starbrite Plus FRPO Board or Management. FRPO and MPH Graphics ® accepts no liability for information contained herein. All Gloss Text FSC rights reserved. Contents may not be reproduced without Printed by MPH Graphics: 100% Bullfrog Powered (energy and green natural gas) and the First FSC® written permission from the publisher. Certified Printer in North America. Printed on Starbrite Plus Gloss Text FSC® Certified containing 10% post-consumer fibre, processed elemental chlorine free, acid free and using vegetable oil-based inks. (September 16, 2014 / 09:48:14) 87722-1 FRPO-Sept_p05.pdf .1 The Voice of the Federation of Rental-housing Providers of Ontario 5 However, as the chart shows, new low interest rates, Average annual rental housing starts vs. rental housing has certainly gone from which will not last population being a very popular form of housing forever) to build to being a product which • People lack choice in 100000 40,000,000 attracts little investment. More than addressing their 90000 30% of Canadians rent their homes, 35,000,000 housing needs but for the last 25 years, less than 10% 80000 of all new housing has been built for • Shortages of rental 30,000,000 70000 the rental market. In Canada outside housing interfere with 25,000,000 Quebec, the rate is even lower. This labour mobility 60000 contrasts dramatically with the rental • Rentals by landlords 50000 20,000,000 construction rates of the 1960s and with no on-site staff 40000 even the 1970s and 1980s. (such as condos) are 15,000,000 creating community 30000 Because of the economies of scale and problems in condo 10,000,000 other savings in land, services, 20000 buildings and in construction costs and professional 5,000,000 established 10000 fees, rental housing is the most neighbourhoods affordable housing which can be built 0 0 and operated. But Canada is not • Excess home- building enough new purpose-built ownership rates Average annual rental housing starts Population of Canada raises unemployment rental housing. Source: CMHC Rental housing is the housing of As to the last point, the security of tenure, and on-site choice for most workers moving to U.S. National Bureau of Economic management staff. The lack of on-site Canada or within Canada, for many Research (NBER), a highly respected, management staff can lead to newly-formed households, for new non-political economic research behavioural problems which the Canadians, for low-income households institute, recently published a working landlord is not well placed to address, and for many seniors. paper on the relationship between and the condo boards are not well homeownership and the labour The negative impacts of insufficient placed to address. Relying on the flow market. The paper found that a new rental housing include these: of condo rentals brings its own doubling of the homeownership rate is problems and is not the best solution. • High growth communities cannot associated with an increase of more attract an optimal labour force to than double in the unemployment What about incenting new supply, grow as they could rate. The study also noted that not all especially affordable supply? • High growth and new communities rental housing is equal. In public Whenever people talk about a lack of face high housing costs and housing, labour mobility tends to be affordable housing, the reaction is that difficulty attracting the young low and associated joblessness high. the solution is to subsidize the workers they need to provide As a result, private rental housing is construction of affordable housing. government services such as fire, key for low unemployment. However, since building new housing police and hospitals What about the new supply through is inevitably expensive, a large subsidy • Many communities see rising rents condo units? is required to reach affordable rent throughout the rental market, levels. The more economic approach The rental of condo units has mitigated much to the disadvantage of low- is to make it more attractive to build at the shortage of new rental units and income people (and of the high-end for high-end rents, and the rental housing availability issue. governments which support many thus enable the move-up effect to However, condos are expensive to of them) make affordable units available to low- build, and are offered at high end • Housing of all types is becoming income tenants. rents. Renters in condos lack of less affordable (apart from today’s Continued on page 19 (September 16, 2014 / 09:48:14) 87722-1 FRPO-Sept_p06.pdf .1 6 FAIR EXCHANGE July / August 2014 YARDI Energy SolutionsTM Smarter Utility Management Increase NOI with a new revenue stream. Get more from energy management and utility billing built into Yardi Voyager.® Yardi Energy Solutions reduces costs and promotes conservation with automated daily meter reads, direct resident billing, vacant unit management, paperless processing of utility payables — and analytics for budgeting and benchmarking. To learn more, call 888.569.2734 or visit yardi.com/energysolutions. Yardi Energy Solutions™ is a service of YES Energy Management, Inc. (September 16, 2014 / 09:48:16) 87722-1 FRPO-Sept_p07.pdf .1 The Voice of the Federation of Rental-housing Providers of Ontario 7 Governments of Canada and Ontario Announce Funding for Housing Together, the Governments of Canada and Ontario committed to creating more access to housing that will announced an additional combined investment of more support our most vulnerable residents and working with than $801 million over five years, to help more individuals the Federal Government to accomplish that goal." and families in housing need. The funding will be delivered through an extension to the Investment in Affordable The Canadian Federation of Apartment Associations THousing (IAH) agreement.
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