With home prices rising out of reach for many Canadians, eager buyers are exploring other options. Co-ownership has become a growing trend, according to a recent survey from realtors Royal LePage, and most of those who buy property with family or friends are doing so because they can’t afford to go it alone. “In an …
It’s a landlord’s market in Toronto where demand for housing continues to soar and rents are at an all-time high. Against this backdrop, you might be tempted to skip any renovations or upgrades to your unit – tenants, after all, are desperate and willing to pay more for less. But savvy landlords know that keeping …
Rising interest rates, climbing prices, and mounting debt are pushing up the cost of living for many Canadians. Toronto landlords may have a steady source of income but they’re not immune to economic pressures and some unscrupulous property owners are passing on that pressure to their tenants. In a recent incident, several GTA tenants took …
If you’re a landlord, there will inevitably be times when you’re sitting on an empty unit. You might be in between tenants, preparing for a renovation, pushing the pause button on your rental career – whatever the reason, you need to make sure your property is protected. Homes that aren’t lived in quickly start to …
Property Maintenance for Vacant Units – Tips for Toronto Landlords Read More »
There are two words a landlord never wants to hear together: ‘rent’ and ‘strike’. Unfortunately they’ve been making the news a lot recently as Toronto finds itself in the midst of a flurry of tenant protests, sparked by Above Guideline Rent Increases. Rent strikes occur when a group of tenants coordinates to stop paying rent. …
How Toronto Landlords Should Handle Rent Strikes Read More »
Landlords relying on the Ontario Landlord and Tenant Board (LTB) to solve a dispute are in for a long wait, according to a recent report which shows that the under-pressure tribunal remains in a state of crisis. The report, issued by Ontario’s ombudsman, blasts the LTB for “excruciatingly long delays”, blaming the situation on severe …
Toronto Landlords Could Wait Years for Hearings as LTB Backlog Worsens Read More »
Imagine browsing AirBnb and coming across your own apartment. This was the shocking reality for one Toronto landlord who discovered that her condo unit was being sublet without her knowledge on the popular booking site. The landlord reached out to her tenant who initially claimed she had no idea but later told CBC Toronto that …
How Toronto Landlords Can Protect Themselves Against Illegal Sublets Read More »
Summer is a great time to be in Toronto. Sunny patios, lazy days in the park, and outdoor festivals all make this the perfect city season but landlords can’t relax just yet. There’s still work to be done in prepping your property for the warmer months so your tenants can enjoy their space without worrying …
Summer in The City – Getting Your Rental Ready For The Warmer Months Read More »
As Canada’s largest city, Toronto is no stranger to change. The city’s neighbourhoods are now set for another shake-up following a recent council decision to amend Toronto’s planning laws. Multiplexes of up to four units will soon be allowed in every area of the city as Toronto struggles to meet soaring demand for housing. “We …
Multiplexes Will Soon be Legal in Toronto – Should You do it? Read More »
Last month, the Ontario government announced several sweeping proposed changes to “make life easier, stabler, and more predictable for tenants and landlords alike”. More funding for the beleaguered Landlord and Tenant Board (LTB), more protections for tenants, and more fines for penalties – the changes are heavily weighted in favor of protecting tenant rights as …
Ontario is Looking to Strengthen Tenant Rights – What Toronto Landlords Need to Know Read More »
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