Toronto Landlords and Their Obligations to Provide Air Conditioning in 2024 The current laws are very clear about what landlords’ obligations are – if air conditioning was present in the unit prior to the tenant moving in, it must be kept in good working order and keep the unit at a temperature under 26 …
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Ontario Homeowner Protection Act Introduces Safeguards for Buyers & Homeowners If you’re buying or own property in Ontario, there are new protections coming in the recently tabled Homeowner Protection Act. Both the Ontario Real Estate Association (OREA) and the Toronto Regional Real Estate Board (TRREB) have signaled their approval of the legislation. While the …
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CRA Confirms No Tenant Liability for Foreign-Owned Property Income Taxes Earlier this year, a case was decided that had tenants trying to find out if they lived in a foreign-owned property or not when the Canada Revenue Agency found a tenant liable for paying withholding taxes that their landlord had not remitted. Recently, the CRA …
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Why You Shouldn’t Panic Sell Your Rental Income Property To Avoid Capital Gains Short-term knee jerk reactions are never great for investments, but it happens all of the time. If the stock market goes down, we want to sell stocks that we should definitely be holding onto. It’s just human nature. Ever since the 2024 …
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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 …
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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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