Imagine browsing AirBnb and coming across your own apartment. This was the shocking reality for one Toronto landlord who discovered that her condo unit was being sublet without her knowledge on the popular booking site. The landlord reached out to her tenant who initially claimed she had no idea but later told CBC Toronto that …
How Toronto Landlords Can Protect Themselves Against Illegal Sublets 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 »
A desperate Toronto landlord is taking a new approach to problem tenants – putting pen to paper to write a desperate note, pleading for them to pay the rent they owed. The note, which was shared with a local news outlet, read: “You are $9,000 behind in rent now. The landlord is on the verge …
Getting Rent Out of Problem Tenants – Tips For Toronto Landlords 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 »
Forged employment histories, fake credit scores, unreliable references – there are plenty of ways professional tenants can take advantage of unsuspecting landlords to get their foot in the door. Once they’re in your property, these fraudsters can run amok, skipping rental payments, causing damage, or even subletting without permission. Sadly this type of fraud is …
Forged Documents & Credit Scores Leading to Problems in Toronto Rental Market 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 …
In the tight Toronto rental market, tempers can get frayed – leading to headline-grabbing stories of nightmare tenants, greedy landlords, and heated disputes. It doesn’t have to be that way. Building a harmonious and mutually beneficial landlord-tenant relationship takes work, but it’s well worth the effort to save both parties considerable stress, time, and expense. …
Toronto Landlords – 4 Ways To Improve Tenant Relations Read More »
The shortage of student housing in Toronto has generated some interesting ideas from creative landlords. One in particular made the news recently for converting their Scarborough bungalow into a makeshift student dorm where renters share private bedrooms, the kitchen, and the bathroom. It might be similar to the situation in a university-run residence, and cash-strapped …
Shared Rooms – Too Far Or The Future Of Student Rentals? Read More »
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