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Month: May 2017

Toronto

How to Properly Reject Toronto Rental Applicants

A common nightmare scenario for every landlord in Toronto in the GTA renting to strangers is winding up locked in a binding contract with a tenant who is unfit for occupancy. Stories of negative tenant situations often include property damage, unclean living quarters, and in some cases harassment. Rejecting the application of a tenant can …

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Toronto Real Estate Board Data Reveals Foreign Buyers, Speculation Low

Shortly after the Ontario government introduced legislation designed to curb foreign real estate buyers and real estate speculation, the Toronto Real Estate Board undertook a data analysis exercise to understand just how many foreign buyers there are in Toronto and the GTA, and just how much real estate speculation is really going on in this …

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What Landlords Need to Know About the Ontario Rental Fairness Act

  The day has finally come that all rental property owners have been dreading – the Residential Tenancies Act is being tightened in Ontario to make it almost entirely tenant-centric with the Rental Fairness Act. The only possible positive is the introduction of a standardized lease which will make it harder for bad tenants to …

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What Utilities Should You Include With Your Toronto Rental Property?

Knowing what to include with your GTA or Toronto rental property is an important part of making it the most attractive prospect in a competitive market. There are many arguments for and against including utilities with your property, and both sides have valid points.   The argument for including utilities Many prospective tenants will readily …

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New Ontario Foreign Buyer’s Tax

The New Ontario Foreign Buyer’s Tax: What You Need to Know

The Ontario government recently introduced the Fair Housing Plan, which includes sweeping legislation for the real estate market – most of which will have an impact on landlords in Ontario. One of the measures was the Non-Resident Speculation Tax (NRST) of 15%, which is meant to curb speculation by foreign investors in southern Ontario.   …

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