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 …
A question we often hear from first-time landlords is “should I require my renters to have tenant insurance?” If you can write it into your lease, yes. Tenant insurance is an affordable way to ensure that your renters are covered in the event that something happens to their personal belongings and protects them from personal …
Should Toronto Landlords Require Tenant Insurance for Renters? Read More »
The last year has seen a rather unique situation in the Toronto real estate market – tenants were seeing a decrease in rent prices brought on by the COVID-19 pandemic. The trend, which was brought on by a surplus of short-term rental properties suddenly being offered to long-term renters, has since started to rebound, but …
Negotiating with Tenants Who Want a Rent Decrease Read More »
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 …
A common consideration among Toronto landlords, particularly those offering short-term rentals, is the amount of time and effort involved in cleaning the property between renters. Many rental owners start out managing their own properties because they think they have time to do so, but later consider the inconvenience of a cleaning schedule dictated by the …
Cleaning Detail: Mitigating COVID Risk Between Renters Read More »
In the latest post from Jon Maloney, he discusses the impending real estate market crash and what it will mean for real estate investors and really everyone who has an interest in Canadian real estate in Q4 of 2020.
HighGate CEO Jon Maloney offers tips on how to purchase the best Toronto rental property that will help you attract the very best tenants and result in long term success as a landlord. For more tips and advice on how to be a successful Toronto landlord and make great real estate investments, subscribe to HighGate …
Video Blog: How to Find the Best Investment Property Read More »
The government has frozen rent increases, and is treating landlords differently from other small businesses during the pandemic. Why are landlords always taking the hits? Jon Maloney explores why. Please like, subscribe and like Jon Maloney’s new video at: https://www.youtube.com/watch?v=IRMpKbK6CAE&feature=youtu.be.
In our latest video blog, HighGate CEO Jonathan Maloney discusses how to go about evicting a bad tenant in Toronto, breaking it down step-by-step to ensure that you go about it correctly (and legally). Also covered are the circumstances in which you can evict a tenant, other ways in which you can have a tenant …
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