It’s election season in Canada and as the federal parties vie for votes, landlords and property investors are wondering what’s next for the already volatile Ontario real estate market. Whether the Conservatives take the lead, third parties make inroads, or the Liberals cling to power, change is on the way for property investors, sellers, …
What The Federal Election Promises Mean for Toronto Real Estate Read More »
It’s been a year of shake-ups for GTA and Toronto real estate, and there’s one more on the horizon for landlords in the province – amendments to the Residential Tenancies Act. The changes, which take effect September 2021, are good news for small landlords and other rental property owners who will now find it …
While it may be too early to call the COVID-19 pandemic over, most experts agree that we’ve seen the worst of it here in Ontario. After being locked down for much of the winter and spring seasons, things have been returning to “normal” more and more with the arrival of the province’s reopening stages – …
When is it Time to Remove Pandemic Concessions from Renters? Read More »
The latest updates to Canada’s stress test have made it more difficult for first-time buyers to get into the real estate market, having to prove to lenders that they’ll be able to borrow at rates significantly higher than those currently posted by Canada’s major mortgage providers. The new rules have really reinforced the importance of …
Paying Down Debt Now More Crucial for Home Buyers Read More »
Just about everybody wants a happy, healthy and stress-free retirement. Whether you’ll be collecting from a pension, working casually or part-time, or investing your money, it’s important to have a stream of income to draw from in your Golden Years. Some Canadians turn to becoming a landlord during retirement, which can provide a healthy stream …
Should You Make Being a Toronto Landlord Part of Your Retirement Plan? Read More »
Introduced in 2017 with intentions to cool the red hot real estate market, the mortgage stress test has seen a number of changes over the years. The latest change to the stress test took effect on June 1st, 2021, making it more difficult for prospective home buyers in Canada to qualify for a mortgage. The …
New Mortgage Stress Test Makes It More Difficult to Qualify for a Mortgage Read More »
The Canadian real estate market has seen many unprecedented highs since the beginning of the COVID-19 pandemic. House sales increased in a big way, with many seeing long and tireless bidding wars taking place. The massive demand for housing meant that supply fell significantly, furthering heating up the competition and creating a sense of urgency …
A question we often hear from first-time landlords is “should I require my renters to have tenant insurance?” If you can write it into your lease, yes. Tenant insurance is an affordable way to ensure that your renters are covered in the event that something happens to their personal belongings and protects them from personal …
Should Toronto Landlords Require Tenant Insurance for Renters? Read More »
Tribunals Ontario, made up of 14 adjudicative tribunals including the Landlord and Tenant Board, and which has been hosting eviction hearings online throughout the COVID-19 pandemic, has recently applauded the Government of Ontario’s Justice Accelerated strategy. This is a plan which aims to improve access to the provincial justice system. The strategy allows for the …
Landlord and Tenant Board Plans to Move Disputes Online Permanently Read More »
The last year has seen a rather unique situation in the Toronto real estate market – tenants were seeing a decrease in rent prices brought on by the COVID-19 pandemic. The trend, which was brought on by a surplus of short-term rental properties suddenly being offered to long-term renters, has since started to rebound, but …
Negotiating with Tenants Who Want a Rent Decrease Read More »
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