How Small Landlords in Ontario Should do Research: Resources and Methods The internet was supposed to usher in the age of information, and in many ways it has. However, social media threw a few tsunami-sized ripples into online information, distorting it and making it tougher to sort out correct from incorrect. Now, we have […]
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CRA Confirms No Tenant Liability for Foreign-Owned Property Income Taxes Earlier this year, a case was decided that had tenants trying to find out if they lived in a foreign-owned property or not when the Canada Revenue Agency found a tenant liable for paying withholding taxes that their landlord had not remitted. Recently, the CRA
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Evicting a Family Member in Ontario We all want to help people, and especially family. But sometimes that desire to help can turn into a situation where you need to evict a family member. How can you go about it legally in Ontario? The first step is to determine if the family member qualifies as
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Becoming a landlord can sometimes feel like stepping into a regulatory minefield. It’s not enough to have a well-situated, well-maintained apartment – your property also has to meet certain building standards and codes. Overlooking these crucial details could mean extensive renovations, losing tenants, or even incurring fines. What regulations do Toronto landlords need to know?
Is Your Toronto Unit Rental Legal? Read More »
When Co-Owners Become Co-Landlords With home prices rising out of reach for many Canadians, eager buyers are exploring other options. Co-ownership has become a growing trend, according to a survey from realtors Royal LePage, and most of those who buy property with family or friends are doing so because they can’t afford to go
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If you’re a landlord, there will inevitably be times when you’re sitting on an empty unit. You might be in between tenants, preparing for a renovation, pushing the pause button on your rental career – whatever the reason, you need to make sure your property is protected. Homes that aren’t lived in quickly start to
Property Maintenance for Vacant Units – 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
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The holidays are a time to decorate, get together, and celebrate the advent of a new year. They’re also a time to practice good fire safety. Candles, Christmas trees, even the holiday dinner, are all potential fire hazards so it’s a good time of year to share some fire safety tips with your tenants. Holiday
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There’s a lot that can go wrong in a rental, but heading into winter, a broken or malfunctioning furnace is one of the worst. If your heating fails, you’ll be left with very disgruntled, shivering tenants so it’s best to be proactive. Give your furnace a maintenance check at the start of the season, paying
Is It Time To Replace The Furnace In Your Rental Property? Read More »
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