Toronto rents are expected to rise next year as the province’s rent freeze, introduced at the height of the pandemic, comes to an end. But if landlords want to take advantage early in the new year, they’ll have to act quickly. Introduced in October 2020, the freeze expires on December 31st, giving landlords the opportunity …
Toronto Rents Set to Rise as Pandemic Freeze Expires Read More »
Being a landlord can be a very rewarding experience and offers a great alternative source of income to real estate investors. Unfortunately, too few realize exactly what their rights and responsibilities are as an Ontario landlord, and as a result, sometimes make a mess of complicated or emotionally charged situations. In order to get the …
Aspiring Toronto real estate investors looking to jump into the housing market might have an excellent opportunity to finally do so. The Toronto Regional Real Estate Board (TRREB) reported that August saw Toronto real estate selling prices at their lowest point since February 2021. After the enormous highs seen throughout the COVID-19 pandemic, investors could …
As Prices Come Down, Now is the Time to Buy an Investment Property Read More »
It’s election season in Canada and as the federal parties vie for votes, landlords and property investors are wondering what’s next for the already volatile Ontario real estate market. Whether the Conservatives take the lead, third parties make inroads, or the Liberals cling to power, change is on the way for property investors, sellers, …
What The Federal Election Promises Mean for Toronto Real Estate Read More »
The latest updates to Canada’s stress test have made it more difficult for first-time buyers to get into the real estate market, having to prove to lenders that they’ll be able to borrow at rates significantly higher than those currently posted by Canada’s major mortgage providers. The new rules have really reinforced the importance of …
Paying Down Debt Now More Crucial for Home Buyers Read More »
Just about everybody wants a happy, healthy and stress-free retirement. Whether you’ll be collecting from a pension, working casually or part-time, or investing your money, it’s important to have a stream of income to draw from in your Golden Years. Some Canadians turn to becoming a landlord during retirement, which can provide a healthy stream …
Should You Make Being a Toronto Landlord Part of Your Retirement Plan? Read More »
Introduced in 2017 with intentions to cool the red hot real estate market, the mortgage stress test has seen a number of changes over the years. The latest change to the stress test took effect on June 1st, 2021, making it more difficult for prospective home buyers in Canada to qualify for a mortgage. The …
New Mortgage Stress Test Makes It More Difficult to Qualify for a Mortgage Read More »
The Canadian real estate market has seen many unprecedented highs since the beginning of the COVID-19 pandemic. House sales increased in a big way, with many seeing long and tireless bidding wars taking place. The massive demand for housing meant that supply fell significantly, furthering heating up the competition and creating a sense of urgency …
No matter how hot the Toronto real estate market might be, renting a property can always present challenges. These challenges present themselves in the form of making the right decision about who to rent to, planning how you’re going to conduct maintenance and repairs, communicating back and forth with prospective tenants until you can create …
One of the most perplexing effects of the COVID-19 pandemic has been its impact on the Canadian housing market. Generally the rule of thumb has been that crises cause a near universal drop in housing prices, typically caused by people being unwilling (or unable) to make major purchases when times are so uncertain. However, since …
TRREB Predicts GHTA Home Prices to Exceed $1 Million by the End of 2021 Read More »
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