After two years of record-setting property prices, Ontario’s real estate is again hitting new highs. This time, it’s the rental market – the cost of renting a condo in the GTA is soaring, according to the Toronto Region Real Estate Board (TRREB) which says average rents for one-bedroom and two-bedroom apartments have now surpassed their …
Next year, Ontario landlords will be able to substantially hike rents as the market continues to recover from the pandemic rent freeze while battling rising inflation.
In a perfect world, Toronto landlords would come by to collect their keys from vacating renters and find their apartments spotless. In reality, tenants leave behind all kinds of mess – food forgotten in the fridge, traces of paint on the walls, mystifying stains on the carpet. Human nature being what it is, we’re rarely …
Do Tenants Have To Clean Up Before They Move Out? Read More »
Toronto landlords have had a difficult few years. Delays at the Landlord and Tenant Board (LTB), pandemic rent freezes, problematic tenants – it’s easy to see why many across the GTA are struggling to manage their investments. Some have even been forced to abandon their properties as they wait for their eviction notices to clear …
Toronto Landlords Need Property Managers Now More Than Ever Read More »
The Ontario government will invest $19 million over the next three years in an attempt to clear the backlog at the province’s Landlord and Tenant Board (LTB), which is still struggling to resolve disputes after its pandemic shutdown. The LTB closed for five months in 2020 and began moving hearings online as lockdowns barred access …
Every so often, a real estate horror story hits the news. Tenants who damage property, unpaid rent, late payments, unacceptable behavior – being a landlord in the GTA isn’t always easy. Take the case of one Toronto property owner, who rented her North York home to a young family last year. Shortly after moving in, …
Common Toronto Landlord Mistakes And How to Avoid Them Read More »
Emerging from almost two years of pandemic policies, the GTA rental market is in flux. Last year’s rent freeze kept prices stable but rents are now trending up, spiking as Toronto landlords try to recoup their losses. Rising rents, in combination with declining inventory, are making the market even more competitive – providing plenty of …
Toronto’s Hot Rental Market is Good News for Landlords Read More »
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 »
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 »
While it may be too early to call the COVID-19 pandemic over, most experts agree that we’ve seen the worst of it here in Ontario. After being locked down for much of the winter and spring seasons, things have been returning to “normal” more and more with the arrival of the province’s reopening stages – …
When is it Time to Remove Pandemic Concessions from Renters? Read More »
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