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News Room 2009

December 16 2009
Ontario Vacancy Rate Increases to 3.5%
Canada Mortgage and Housing Corporation (CMHC) has released its October 2009 Rental Market Survey data. “Today’s data illustrates the impact of the economic downturn on rental demand”, said Vince Brescia, President of FRPO. “There is an abundance of choice for renters in the marketplace, as vacancy and availability have substantially increased” said Brescia.

December 04 2009
2009 FRPO MAC Award Winners
The Federation of Rental-housing Providers of Ontario (FRPO) is pleased to announce the winners of the 2009 FRPO MAC (Marketing, Achievement and Construction) Awards, as presented at FRPO’s Awards Gala Dinner on December 3, 2009, in Toronto.

June 19 2009
FRPO Welcomes New Rental Housing Tax Rebate
The Federation of Rental-housing Providers of Ontario (FRPO) today welcomed the announcement by the Ontario government of a proposed enhancement to the new housing rebate that was announced in the 2009 Ontario Budget.

June 10 2009
Ontario's Rental Housing Vacancy Increases to 3.3%
Canada Mortgage and Housing Corporation (CMHC) today released its April 2009 Rental Market Survey data. “Today’s data demonstrates how economic uncertainty and increasing supply of rental housing is creating choice and availability for renters”, said Mike Chopowick, Manager of Policy at FRPO.

March 26 2009
HST to Increase Rents 3%
The province of Ontario has recently announced that the PST and GST will be harmonized in Ontario as of July 1, 2010. FRPO estimates that this new action will increase rents in Ontario by 2.5 to 3.0 percent. "We estimate that this will increase rents for the average Ontario tenant by $270 to $320 per year," said Vince Brescia, President & CEO of FRPO.

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