Even the best tenants don’t stick around forever. Especially in Toronto’s turbulent rental market where demand and supply are both on the increase. For landlords, getting notice from tenants can leave them blindsided and scrambling to fill an empty unit. Transitioning between renters isn’t just a case of ‘out with the old, in with the …
Transitioning Between Tenants: A Toronto Landlord’s Guide Read More »
With rents soaring in Toronto and housing in short supply, the city’s rental market is in a state of flux. One of the most surprising trends of the summer has been a sharp spike in N12 evictions. Also known as ‘personal use’ evictions, N12s are when landlords ask their tenants to vacate their units because …
N12 Evictions: What Toronto Landlords Need to Know Read More »
Home to around 20% of Canada’s population, the GTA is a huge area. Comprising six boroughs and two cities, it extends well beyond Toronto’s downtown core along the Northeastern shore of Lake Ontario. As you’d expect in such a vast area, there’s a lot of variety – not least in its real estate market. Here …
GTA Real Estate: Comparing Prices, Sales & Rents Across Toronto Read More »
It’s time to put your property on the market, sell up, and move on. There’s just one catch – the people living there. If you have tenants, selling your property becomes a lot more complicated. Your first decision is whether you’re going to sell the property empty or tenanted. These come with different legal responsibilities …
What Rights do Your Tenants Have if You Want to Sell Your Property? Read More »
With home prices rising out of reach for many Canadians, eager buyers are exploring other options. Co-ownership has become a growing trend, according to a recent survey from realtors Royal LePage, and most of those who buy property with family or friends are doing so because they can’t afford to go it alone. “In an …
It’s a landlord’s market in Toronto where demand for housing continues to soar and rents are at an all-time high. Against this backdrop, you might be tempted to skip any renovations or upgrades to your unit – tenants, after all, are desperate and willing to pay more for less. But savvy landlords know that keeping …
Rising interest rates, climbing prices, and mounting debt are pushing up the cost of living for many Canadians. Toronto landlords may have a steady source of income but they’re not immune to economic pressures and some unscrupulous property owners are passing on that pressure to their tenants. In a recent incident, several GTA tenants took …
If you’re a landlord, there will inevitably be times when you’re sitting on an empty unit. You might be in between tenants, preparing for a renovation, pushing the pause button on your rental career – whatever the reason, you need to make sure your property is protected. Homes that aren’t lived in quickly start to …
Property Maintenance for Vacant Units – Tips for Toronto Landlords Read More »
There are two words a landlord never wants to hear together: ‘rent’ and ‘strike’. Unfortunately they’ve been making the news a lot recently as Toronto finds itself in the midst of a flurry of tenant protests, sparked by Above Guideline Rent Increases. Rent strikes occur when a group of tenants coordinates to stop paying rent. …
How Toronto Landlords Should Handle Rent Strikes Read More »
Landlords relying on the Ontario Landlord and Tenant Board (LTB) to solve a dispute are in for a long wait, according to a recent report which shows that the under-pressure tribunal remains in a state of crisis. The report, issued by Ontario’s ombudsman, blasts the LTB for “excruciatingly long delays”, blaming the situation on severe …
Toronto Landlords Could Wait Years for Hearings as LTB Backlog Worsens Read More »
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