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 …
Home to around 20% of Canada’s population, the GTA is a huge area. Comprising six boroughs and two cities, it extends well beyond Toronto’s downtown core along the Northeastern shore of Lake Ontario. As you’d expect in such a vast area, there’s a lot of variety – not least in its real estate market. Here …
GTA Real Estate: Comparing Prices, Sales & Rents Across Toronto Read More »
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 …
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 »
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 »
Given the recent volatility of Toronto’s real estate market many would-be property investors have been biding their time, waiting for prices to slump. Last month, they got their wish. The February report from the Toronto Regional Real Estate Board (TRREB) shows a big drop in average home prices across the GTA as the market corrects …
Looking to Invest in Toronto Real Estate? Now’s The Time to Buy Read More »
Homeowners in Toronto have until the end of the month to declare if their property is occupied. After that, anyone sitting on a vacant unit will face a hefty fine as the city cracks down on absent investors. The annual Vacant Home Tax, set at 1% of the property’s current value, will be levied on …
Escape the Vacant Home Tax by Becoming a Toronto Landlord Read More »
For many Toronto landlords, their property is their biggest and most stable asset – a way to save for the future and gain a steady passive income. Securing that asset doesn’t just mean maintaining your property, it also involves protecting it from fraud. There have been a rash of title fraud cases in the news …
How to Protect Yourself From Real Estate Title Fraud Read More »
With Canada expected to slide into a recession in early 2023 and the housing market softening, property investors are understandably worried. It’s important not to panic. There’s no denying that these are turbulent times, but there are ways to weather the storm. Real estate deserves its reputation as a solid investment. Short-term shocks won’t detract …
There’s a lot that can go wrong in a rental, but heading into winter, a broken or malfunctioning furnace is one of the worst. If your heating fails, you’ll be left with very disgruntled, shivering tenants so it’s best to be proactive. Give your furnace a maintenance check at the start of the season, paying …
Is It Time To Replace The Furnace In Your Rental Property? Read More »
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