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. …
The New Ontario Foreign Buyer’s Tax: What You Need to Know Read More »
Spring is here! For homeowners, it’s time to inspect their properties to see if the cold weather has wreaked any havoc on their homes – and barring that, time to turn on outside water, clean up patios and decks, and get the home ready for enjoying the outdoors.
Buy low, sell high – this single mantra has been a constant in the lives of millions of stock market investors. Knowing when to offload your resources – whether it be stocks or rental property – can mean the difference between short-term financial gain or a major long-term income stream.
The first quarter of 2017 has started off on a strong note in the Toronto and GTA real estate market. According to the Toronto Real Estate Board (TREB), both sales activity and average prices have both risen from its 2016 numbers. Despite a rise in sales, supply problems continue to plague Toronto and the GTA. …
Massive First Quarter in Toronto and GTA Housing Market: TREB Read More »
Partnering with a friend or family member to purchase a rental property can seem like an attractive prospect, especially with rising real estate costs in Toronto and the GTA. Going in on a rental property with a partner can make it a more affordable and potentially rewarding venture, but with it comes a significant risk. …
If you are a landlord in Ontario, you technically cannot put a “no pets” clause in a lease or rental contract under the Ontario Residential Tenancies Act. Thankfully, most tenants are responsible pet owners, and this is usually not an issue. However, if you are set against the idea of animals on your rental property, …
Renting to Tenants With Pets in Toronto and the GTA Read More »
It’s something that no landlord wants to do, but occasionally it is necessary to evict a tenant. Evictions are governed under the Ontario Residential Tenancies Act. The Landlord and Tenant Board has put together a summary document entitled How a Landlord Can End a Tenancy which is a simple explainer for situations in which you …
Rent increases are necessary to keep pace with the rate of inflation on the costs of maintaining your rental unit. Annual rent increases should be built into each rental contract, and they have to be in accordance with Ontario Ministry of Housing guidelines – in most cases.
It’s a fact of being a landlord in Ontario – at some point in your life, no matter how careful you are about screening tenants and collecting payments, you will likely end up having to deal with the Landlord & Tenant Board (LTB). The tenant may change the locks, not pay rent, or perform …
What Landlords Need to Know About the Ontario Landlord and Tenant Board Read More »
Ensuring that your property is accessible for the disabled adds an extra layer of appeal for marketing. An accessible apartment isn’t only attractive for those with a disability that prevents mobility, but for a growing population of seniors in Toronto as well. In addition, under the law, you must provide accessible housing to tenants who …
Outfitting Your Toronto Rental Property for Disability Accessibility Read More »
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