With real estate prices being out of reach of even well-salaried Torontonians, we’re at the start of the era of long-term renting. This makes it extra important to vet tenants properly, make sure your prices are set right initially, and all of your legal obligations as a landlord are met in terms of the upkeep …
4 Tips to Prepare Your Toronto Rental Property for “Forever Renters” Read More »
A recent study predicts that commercial rents in Toronto could soar as much as 50% in the next three years. Unlike the hot residential market, Toronto’s commercial properties are priced reasonably right now due to a reasonable supply, even though Toronto currently boasts the lowest commercial vacancy rate in North America. While we are …
Is Toronto Commercial Property the Next Step for You? Read More »
Life gets busy. Sometimes you just aren’t able to get up to your cottage as much as you would like. And then there is the off-season – you have a property that is sitting there being completely unused. You could rent out the cottage for a week or a weekend at a time and have …
Renting Out Your Ontario Cottage: The Pros and Cons Read More »
Many people who own one or two GTA or Toronto rental properties try to “go it alone” when it comes to managing their properties. This can be for various reasons – they think they’re saving money, they think they can handle the duties of property management, or they think that property management companies only handle …
Toronto Property Managers: The One-Property Landlord’s Friend Read More »
Knowing what to include with your GTA or Toronto rental property is an important part of making it the most attractive prospect in a competitive market. There are many arguments for and against including utilities with your property, and both sides have valid points. The argument for including utilities Many prospective tenants will readily …
What Utilities Should You Include With Your Toronto Rental Property? Read More »
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.
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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