The average rent in Toronto hit a high of $2,832 last year, making it one of Canada’s most expensive cities, and the outlook for 2024 is little better as demand continues to surge in a market that’s grossly undersupplied. For students and young professionals, it’s almost impossible to get on the property ladder and tough …
How Toronto Landlords Can Legally Run a Rooming House Read More »
Desperate Toronto landlords are increasingly turning to a new strategy to oust reluctant tenants, offering them money to vacate their units. Known as ‘cash for keys’ this tactic is on the rise across the city, according to a recent report. It’s not hard to see why. Landlords have few options when it comes to clearing …
What Toronto Landlords Need to Know About ‘Cash For Keys’ Read More »
Becoming a landlord can sometimes feel like stepping into a regulatory minefield. It’s not enough to have a well-situated, well-maintained apartment – your property also has to meet certain building standards and codes. Overlooking these crucial details could mean extensive renovations, losing tenants, or even incurring fines. What regulations do Toronto landlords need to know? …
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 …
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 »
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 »
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