Problem tenants aren’t just a nuisance, they’re also a liability. One Toronto landlord found that out the hard way last month when a tribunal handed them a large fine for not reigning in their troubled tenant. The tenant in question had multiple complaints made against them from both neighbours and security staff – claiming they …
Toronto Condo Owner Responsible for Tenant Damage Read More »
Homeowners in Toronto have until the end of the month to declare if their property is occupied. After that, anyone sitting on a vacant unit will face a hefty fine as the city cracks down on absent investors. The annual Vacant Home Tax, set at 1% of the property’s current value, will be levied on …
Escape the Vacant Home Tax by Becoming a Toronto Landlord Read More »
Next year, Ontario landlords will be able to substantially hike rents as the market continues to recover from the pandemic rent freeze while battling rising inflation.
No matter how hot the Toronto real estate market might be, renting a property can always present challenges. These challenges present themselves in the form of making the right decision about who to rent to, planning how you’re going to conduct maintenance and repairs, communicating back and forth with prospective tenants until you can create …
One of the most perplexing effects of the COVID-19 pandemic has been its impact on the Canadian housing market. Generally the rule of thumb has been that crises cause a near universal drop in housing prices, typically caused by people being unwilling (or unable) to make major purchases when times are so uncertain. However, since …
TRREB Predicts GHTA Home Prices to Exceed $1 Million by the End of 2021 Read More »
HighGate CEO Jonathan Maloney reveals that Toronto rental condos are down a staggering 25%, discussing why these problems exist for landlords and what should be done in order to solve them. Get in touch with us today to have HighGate Properties manage every aspect of your rental property, from effective tenant screening and regular maintenance …
Video Blog: Condo Rentals Down 25% Landlords Are Worried Read More »
The Canadian federal government recently revealed some good news for first-time home buyers. After much urging from the real estate industry, the government has introduced measures that will help first-time buyers. These measures were introduced in the 2019 federal budget, and include a new incentive program for households making less than $120,000 annually. The action …
Relief for First-Time Home Buyers: Will it Help Toronto and GTA Real Estate Buyers? Read More »
The housing market has always been competitive, demanding more from landlords and property owners in order to stand out from the crowd. In the throes of the digital age, it can be very easy to get lost in the noise and go unnoticed by the potential tenants and buyers you’re looking to connect with. One …
How You Can Better Highlight Your Property’s Most Sellable Features Read More »
It can be difficult to know whether you should rent your property furnished or unfurnished – especially since both can present their own advantages and disadvantages for Toronto landlords. While it’s not necessary for landlords to provide furniture when renting out a property, it can make it a much more attractive prospect for tenants, and …
Should You Rent Your Property Furnished or Unfurnished? Read More »
On October 17, 2018, Canada became the second country in the world to fully legalize recreational use of cannabis. Though this groundbreaking decision presents exciting new opportunities for Canadians, a number of questions regarding the use of cannabis still remain for some – specifically for condo owners. A number of Toronto-based condo boards have made …
Cannabis Legalization and What it Means for Toronto Condo Owners Read More »
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