Rental Market

New Mortgage Stress Test Makes It More Difficult to Qualify for a Mortgage

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 […]

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Are Toronto Real Estate Prices Falling?

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

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Should Toronto Landlords Require Tenant Insurance for Renters?

Should Toronto Landlords Require Tenant Insurance for Renters?   A question we often hear from landlords is “should I require my renters to have tenant insurance?” The answer is always yes. Tenant insurance is an affordable way to ensure that your renters are covered if something happens to their personal belongings, as well as protecting

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How to Rent Out Your Toronto Condo

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

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Cleaning Detail: Mitigating COVID Risk Between Renters

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

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Video Blog: Ontario Government Stops Rent Increases for 2021

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.

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