Canadian Rental High Reached | New Immigration Policies | Gender Gap in Corporate Leadership| Recommendations and more!
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It's time to read about the latest insights, trends, and news. In this edition, we will delve into Canadian news on immigration, work and HR!
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Rental Market Report: A new high was reached last month
According to the latest data released by Rentals.ca and Urbanation, the average asking price for rental units in Canada surged by 10.5% year-over-year in February, reaching $2,193 per month. This marks the fastest annual growth since September 2023. One-bedroom units saw a substantial increase, with the average monthly cost rising by 12.9% to $1,920, while two-bedroom units averaged $2,293, representing an 11.3% annual increase.
Over the past two years, asking rents in Canada have risen by 21%, translating to an average increase of $384 per month. Alberta experienced the most significant annual rent growth, up by 20% to $1,708 per month. Conversely, British Columbia and Ontario exhibited slower growth rates of 1.3% and 1%, respectively, with average rents in these provinces remaining the highest in the country at $2,481 and $2,431, respectively.
Major cities in British Columbia and Ontario continue to dominate the list of Canada's most expensive rental markets. Vancouver saw a slight decrease in one-bedroom unit prices to $2,653 per month, while Toronto listed units for $2,495 on average.
In terms of rental property types, traditional purpose-built rental apartments experienced the fastest year-over-year price growth at 14.4%, reaching an average of $2,110 per month. Condominium rentals and apartments in houses exhibited slower growth rates at 5% and 5.3%, respectively, with average rents of $2,372 and $2,347 per month.
Additionally, the report noted a significant increase in roommate listings, with a 72% growth compared to the previous year. Average rents for shared accommodations rose by 12%, led by increases in British Columbia and Alberta.
According to CMHC’s Rental Market Report, Halifax recorded an average rent of $1,628 for a two-bedroom unit, with a stagnant vacancy rate of 1%. This indicates sustained demand despite increased construction activity, with a record high of 2,842 completions from July 2022 to June 2023.
Navigating New Horizons: Canada's Rural and Francophone Immigration Pilots
Canada is embarking on a transformative journey to revitalize its rural and Francophone minority communities through innovative immigration strategies. Recently unveiled by the Honourable Marc Miller, Minister of Immigration, Refugees, and Citizenship, the Rural Community Immigration Pilot and the Francophone Community Immigration Pilot represent pivotal steps toward addressing labour shortages, fostering economic growth, and preserving linguistic diversity nationwide.
Minister Miller's words resonate with conviction: "Rural and northern communities face unique economic and demographic challenges. However, through the Rural and Northern Immigration Pilot (RNIP), rural communities have been able to attract and retain skilled workers that they’ve needed for years to ensure their economic growth. That is why we will make RNIP a permanent program, and why we are introducing these two new pilot programs. We’ll continue to work closely with these communities, as we work to connect businesses with the skilled workers they need to thrive."
Set to debut in the fall of 2024, the Rural Community Immigration Pilot is designed to facilitate the immigration process for skilled newcomers willing to settle in rural areas. By providing pathways to permanent residence and assisting local businesses in overcoming labour shortages, this initiative aims to bolster the long-term sustainability of smaller communities.
Simultaneously, the Francophone Community Immigration Pilot endeavours to increase French-speaking newcomers' settlement in Francophone minority communities outside Quebec. Beyond economic benefits, this program catalyzes the preservation and growth of Francophone culture and identity, enriching the social fabric of these communities.
These initiatives draw inspiration from the success of the Rural and Northern Immigration Pilot (RNIP) and underscore Canada's commitment to addressing regional disparities and promoting inclusive growth. By engaging in meaningful collaboration with local stakeholders, the government aims to create a robust immigration framework that responds effectively to diverse communities' unique needs and aspirations.
As Canada navigates these new horizons, it reaffirms its dedication to harnessing immigration as a driver for economic prosperity, cultural vibrancy, and social cohesion. Through these pioneering pilot programs, Canada paves the way for a more inclusive and resilient future for all its citizens.
New Report Highlights Gender Gap in Canadian Corporate Leadership
According to a recent Canadian Chamber of Commerce report, Canada continues to lag behind many peer countries in terms of female representation in management roles. Despite progress in overall workforce participation, significant disparities persist in business ownership, representation, and compensation for women.
The report reveals that in 2023, women held nearly half of all jobs but only accounted for 35% of management positions, including middle management. This figure drops even further to 30% for senior management roles and less than 25% for boardroom seats in corporate Canada.
Marwa Abdou, Senior Research Director at the chamber’s Business Data Lab and lead author of the report, emphasizes, "The data show that barriers for women persist most prominently in management positions and in boardrooms."
While there has been some improvement over the years, the pay gap remains a concern. Women in management occupations earned just 88 cents for every dollar earned by men in 2023. Disparities are more pronounced in specific industries, such as natural resources and construction, compared to sectors like healthcare and education where parity has been achieved in representation.
Geographic differences also play a role, with provinces like Prince Edward Island and Quebec showing more favourable conditions for women in management roles. However, Alberta presents challenges, with women earning only 81 cents for every dollar men earn.
Abdou underscores the need for proactive measures to address these disparities, including tracking hiring and promotion outcomes, providing mentorship, and holding senior leaders accountable for diversity goals. She also advocates for addressing parental leave gaps and improving access to funding and support for women entrepreneurs.
The report concludes with a call to action, highlighting the urgency of investing in women and accelerating progress to ensure a more equitable future. As Abdou emphasizes, "If we don’t redouble our efforts now, our granddaughters will face many of the same challenges experienced by today’s women in business."
Empowering Racialized Newcomer Women: The Role of 'Safe Spaces' in Employment Success
A pioneering pilot program is breaking ground in the realm of employment for racialized newcomer women in Canada. By introducing dedicated "safe spaces," this initiative is transforming how these women navigate the job market, leading to remarkable outcomes.
The program's emphasis on creating safe environments for participants has proven to be a game-changer. Taylor Shek-wai Hui, research director at the Social Research and Demonstration Corporation (SRDC), underscores the critical role of increased confidence in driving positive outcomes. Through women-only programming, participants not only share experiences but also build supportive networks, fostering a sense of belonging and empowerment.
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This multi-year initiative, funded by Immigration, Refugee and Citizenship Canada (IRCC), has garnered significant attention for its innovative approach. With a focus on career adaptability and skill-building, the program aims to equip racialized newcomer women with the tools they need to secure meaningful employment. Mentorship, peer support, and employer connections are just some of the support activities offered, enabling participants to set their sights higher and pursue fulfilling careers.
However, the program's impact extends beyond individual empowerment. By challenging existing norms and biases in the job market, it advocates for systemic change. Izumi Sakamoto, a social work and social psychology expert, highlights the importance of addressing unconscious bias and eliminating discriminatory practices, such as "Canadian experience" requirements in job postings.
As the program continues to gain momentum, it underscores the need for broader societal shifts. Employers are called upon to create inclusive work environments, where all employees feel valued and respected. By embracing diversity and inclusivity, organizations not only foster innovation but also enhance their reputation as employers of choice.
In a world where diversity is celebrated and inclusion is championed, initiatives like this pilot program serve as beacons of hope. By providing safe spaces and empowering racialized newcomer women, we pave the way for a brighter, more equitable future for all.
Make Time: How to Focus on What Matters Every Day" by Jake Knapp and John Zeratsky?
In an era defined by relentless distractions and perpetual busyness, "Make Time" emerges as a beacon of hope, offering practical strategies to reclaim control of our most precious resource: time. Authored by Jake Knapp and John Zeratsky, renowned for their work on Google Ventures' design sprint methodology, this book presents a refreshing perspective on productivity and focus.
The central premise of "Make Time" is simple yet profound: rather than succumbing to the tyranny of endless to-do lists and reactive work patterns, we can intentionally design our days to prioritize what truly matters. Knapp and Zeratsky distill their experience and experimentation into a four-step framework, providing readers with a customizable toolkit to optimize energy, focus, and time.
What sets this book apart is its emphasis on practicality and adaptability. Unlike rigid productivity systems that prescribe one-size-fits-all solutions, this book offers a menu of bite-sized tactics that can be tailored to individual habits and lifestyles. From minimizing digital distractions to fostering creative energy, each strategy is grounded in real-world applicability.
This book is a call to action for anyone who has ever felt overwhelmed by the relentless pace of modern life. By adopting the principles outlined in this book, readers can transcend the cycle of busyness and reclaim agency over time, enabling them to focus on what truly matters. Whether you're a seasoned productivity enthusiast or someone seeking refuge from the chaos of daily life, "Make Time" offers invaluable insights and actionable strategies to help you thrive in an age of distraction.
Dayforce Payroll Services
Dayforce, a flagship Human Capital Management (HCM) platform by Ceridian Canada, offers comprehensive solutions for HR, payroll, benefits, and talent management. Trusted by organizations worldwide, Dayforce streamlines the entire employee lifecycle, from recruitment to career development.
Gartner.com rates Dayforce at 4.2 stars based on over 500 reviews, with users praising its effectiveness in managing complex payroll needs. Notably, a 1200-person organization successfully implemented all modules within 12 months, crediting Dayforce consultants for their expertise and collaboration.
In a recent update, Canadian government officials highlighted Dayforce as a "technically viable option" for modernizing HR and payroll systems after their overhaul to their payroll system was needed. This endorsement underscores Dayforce's reliability and suitability for large-scale implementations.
Ceridian recently introduced Dayforce Co-Pilot, an AI innovation designed to enhance managerial decision-making within the Dayforce platform. Offering in-context insights and personalized recommendations, Dayforce Co-Pilot operates seamlessly within the platform, providing three core functionalities:
1. Answer and Summarize: Quickly access relevant information and summaries tailored to specific tasks or inquiries.
2. Create and Refine: Utilize AI-driven suggestions to refine processes, optimize scheduling, and identify areas for improvement.
3. Automate and Nudge: Proactively automate repetitive tasks and nudge managers towards optimal decisions, saving time and improving efficiency.
Dayforce Co-Pilot's intuitive interface and contextual understanding empower managers to make informed decisions, optimize workforce management, and drive organizational success.
Experience the future of HR and payroll management with Dayforce Payroll Services and unlock the full potential of AI-driven innovation.
Global Assignment Reports and Cost of Living Reports
Global Assignment Reports and Cost of Living Reports are pivotal in ensuring the success of international relocations. To stand out as one of the premier international relocation companies, it's imperative to establish strong partnerships within a global network. At All Points, we take pride in our GlobeAssist Network, comprising like-minded partners across 120 countries. This extensive network guarantees seamless relocations, whether to Italy, Greece, Sao Paulo, Seoul, or Seville. Our partners undergo rigorous evaluations, ensuring they meet our service quality, responsiveness, and value standards.
In assessing potential partners, we scrutinize various factors such as years in business, assignee management, pricing, language capabilities, and professional affiliations.?
Pre-assignment services are vital in setting the stage for a successful assignment. At All Points, we prioritize these services to optimize the assignee's experience and maximize the investment in their relocation.
A key aspect of our services is the development of comprehensive assignment budgets. These budgets encompass compensation, allowances, taxes, relocation costs, and assignment benefits like home leave.?
Additionally, we provide:
Regular budget-to-actual comparisons ensure transparency and enable adjustments as needed.
Partnering with All Points means access to detailed Global Assignment Reports and Cost of Living Reports, facilitating informed decision-making and effective planning for global assignments. With our expertise and thorough approach, your company can navigate international relocations with confidence and success. Reach out to All Points today and streamline your global assignment processes.