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The tenants have been occupying, for several years, a housing unit located in a building of 24 units. In the early 2000’s, the parties were bound by a lease and one of the tenants signed a document containing additional clauses specifying that only one parking space was allocated per housing and that, in case one needed a second location, the payment of fees would be required.

As owners and managers of rental properties you will potentially be invited to participate in the study on rental housing which the Canada Mortgage and Housing Corporation (CMHC) conducts twice a year, i.e. in October and April, as part of its mandate from the National Housing Act.

The New Housing Price Index (NHPI) rose 0.2% in July, following an identical increase the previous month.

Record growth is not in the foreseeable future of the condo market, but it is also likely the sector will be able to avoid a major downturn, according to the latest Conference Board of Canada condo report released by Genworth Canada.  While markets in major centres such as Vancouver, Montreal and Toronto have been of particular concern, The Summer 2013 Metropolitan Condo Outlook suggests population growth and employment gains will help maintain demand levels to absorb supply inventory.

Like it or not, this situation affects us all. There is unfortunately nothing one can do, no selection of tenant or possible prevention. The number of calls we receive with respect to bedbugs does not stop growing! Our tenants are well aware of the problem and denounce the situation faster to us. For some others the fear that the bedbugs will spread and come to their own home is a source of concern.

In a recent decision1 of the Court of Quebec, Small Claims Division, the Court felt that it was important to remind the directors of a co-ownership syndicate as well as a co-owner of the importance for everyone to be flexible in their relations.

The Court noted that quite often some people decide to contribute to the development of their co-ownership by being actively involved in the management of the building. The administrators, although they are regularly in good faith, must act with prudence, diligence, honesty and loyalty, and this in the interest of the syndicate.

Nowadays, some owners do not lack imagination in order to find an additional source of income. Many of you rent rooms in your own home, unfortunately, often without making any modification or verification.

This situation which may seem very simple can quickly turn into a nightmare and many owners have already suffered setbacks from this situation.

In a recent case, the owners agreed to accept some tenants’ application on the basis of the information they had given to them. It was not until some time later, following the verification of the references and the signing of the lease, that they realized that the tenants had given false references to them. The owners, in this recent decision, asked among other things, the cancellation of the lease because of lack of consent and termination of the lease.

Prendre une assurance vie est une décision très importante pour vous et vos bénéficiaires. Mais en matière de produits d’assurance vie, ce n’est pas le choix qui manque. Qu’est-ce qui convient à votre situation personnelle, à votre budget et à vos objectifs financiers, successoraux et de retraite à plus long terme? Ce peut être l’assurance vie avec participation si ce profil ressemble au vôtre.

The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy continues to expand broadly as expected, but its dynamic has moderated. In the United States, the process of normalization of long-term interest rates has begun in the context of stronger private domestic demand.