How Many Toronto Property Owners are Leaving Homes Vacant Due to the Fear of Being a Landlord? An acquaintance of mine has a condo that she bought before she got married. Instead of selling when she bought a home with her husband, she has rented to various tenants over the years. Recently, she posted on …
Evicting a Family Member in Ontario We all want to help people, and especially family. But sometimes that desire to help can turn into a situation where you need to evict a family member. How can you go about it legally in Ontario? The first step is to determine if the family member qualifies as …
Your Responsibilities for Repairs as a Toronto Landlord Under the Residential Tenancies Act (RTA), landlords are required to keep everything in the property in working order. This usually refers to things such as appliances, carpets, windows, doors, and lighting. The main dividing line between something a tenant is responsible for versus something a landlord takes …
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Crowdsourced Registry Lets Toronto Landlords Vet Tenants It involves a lot of paperwork, takes time, and can be stressful. But there’s no way around it – tenant vetting is a daunting, but necessary, part of being a landlord. Letting someone live in your property isn’t without risk, so you need to run through extensive checks …
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The average rent in Toronto hit a high of $2,832 last year, making it one of Canada’s most expensive cities, and the outlook for 2024 is little better as demand continues to surge in a market that’s grossly undersupplied. For students and young professionals, it’s almost impossible to get on the property ladder and tough …
How Toronto Landlords Can Legally Run a Rooming House Read More »
Desperate Toronto landlords are increasingly turning to a new strategy to oust reluctant tenants, offering them money to vacate their units. Known as ‘cash for keys’ this tactic is on the rise across the city, according to a recent report. It’s not hard to see why. Landlords have few options when it comes to clearing …
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Becoming a landlord can sometimes feel like stepping into a regulatory minefield. It’s not enough to have a well-situated, well-maintained apartment – your property also has to meet certain building standards and codes. Overlooking these crucial details could mean extensive renovations, losing tenants, or even incurring fines. What regulations do Toronto landlords need to know? …
Properties, like people, age. Whether they age well is up to you and your tenant. A little wear and tear is normal for any occupied unit. A cracked tile, some peeling paint – these are all to be expected when someone lives in a home. But when does reasonable wear and tear cross the line …
Tenant Damage or Wear & Tear? Toronto Landlords Need to Know the Difference Read More »
Holiday season is when industry forecasters look into their crystal balls and try to predict what’s coming round the corner. For the 2024 Toronto rental market, the outlook isn’t great. Landlords are finding it harder to get tenants, according to a recent report, which indicates we’re entering a cooler market after several years of unprecedented …
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 »
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