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4 Ways to Avoid A “Professional Tenant” Nightmare for a Luxury Rental Property

Anyone who owns a luxury rental property in Toronto or has been thinking about buying one has probably been following the not-so-illustrious career of “professional tenant” James Regan. In case you haven’t been, here is the sordid tale. Regan has rented three high-end Toronto properties and in each case, has nefariously used legal loopholes to …

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Toronto

Condos Gone Wild – Toronto & GTA Condominium Sales Heat Up in October

With the new mortgage rules which effectively knock down the price of entry to the real estate market for first home buyers or home buyers on a limited budget, it isn’t surprising that condominiums saw the highest growth rates of any property type in October. The Toronto Real Estate Board’s October Market Watch was full …

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Insurance Options for Ontario Landlords

Regular homeowners insurance does not cover rented property. To have proper insurance on your rental property, you need to purchase a product tailored to your specific needs. There are additional concerns for liability, property damage and other risks when renting a property. While your insurance broker can help you find the right product for your …

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houses

Upward Pressure on Price Due to Declining Inventory: TREB

  September’s Toronto and GTA real estate market continued upward trends both in price and number of sales, with double-digit gains happening on price and sales in nearly every category. Also on-trend were the categories where significant gains were not realized. Detached and semi-detached home sales in Toronto posted a 4.7% increase and a -3.5% …

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Will Being a Landlord in Toronto Make Me Rich?

Being a landlord won’t make you rich, but if managed properly as a business venture, it can certainly make you money. Anyone spreading the idea of rental properties as a get-rich-quick scheme is selling exactly that: a scheme. Owning Ontario rental properties offers a solid long-term return in slow building of equity in a property. …

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