First-time homeowners looking to invest in Canadian real estate in the coming year will face new mortgage rules as of January 2018. The new mortgage rules marks the seventh time that Canadian mortgage rules have been tightened since July 2008, and will see inexperienced borrowers face financial “stress tests” in order to qualify for uninsured […]
What the New Mortgage Stress Test Rules Mean for Canadians Read More »
The city of Toronto is considering implementing rules for short-term rentals offered by platforms like Airbnb. The proposed regulations have been anticipated by city officials for some time, focusing on creating a registry of landlords and potentially only allowing short-term rentals of rooms in principal residences. While the implementation of new regulations and the growing
Short-Term Rental Rules Could be Coming for Toronto – Here’s Why You Shouldn’t Care Read More »
Finding the perfect tenant can be difficult for any landlord, no matter how long you’ve been in the game. Tenants can be unpredictable and can’t always be accurately judged based on the information they give you – unfortunately, almost every Toronto property owner has heard horror stories about bad tenants or dealt with them personally.
Better Safe Than Sorry: Running Background Checks on Tenants Read More »
Great news for Toronto real estate investors – the Toronto housing market continues to thrive in its current “hot” state. With a vacancy rate hovering around just one percent over the last year and increasing rental prices, Toronto landlords have the luxury of being able to prosper in the hot market and to shop
Tips for Renting Your Toronto Property in a “Hot” Market Read More »
We recently had an opportunity to catch up with Todd Spetter, a Toronto area mortgage professional who specializes in assisting residential property owners and first-time buyers. Todd has a lot of insight into the rental property market, and good advice for prospective buyers about interest rates, qualifying for different types of lenders, and the important
Mortgage Services for Landlords and Real Estate Investors Read More »
The Ontario Residential Tenancies Act (RTA) was recently amended by the new Rental Fairness Act to keep landlords from raising rents unfairly. While we’ve discussed the new Rental Fairness Act, it’s important to point out the pitfalls of the new rules, particularly for small landlords which the amendments unfairly target. Here are specific traps that
It’s a Trap! Pitfalls of the new Rental Fairness Act for Toronto Landlords Read More »
Condominiums are the most attractively priced properties in Toronto and the GTA for people looking to take their first steps into the rental property market. But there are special considerations and pitfalls that you need to keep in mind when purchasing a condo as an income-generating property. Before you buy: Check that you are
Buying a Condominium as a Rental Property in Toronto and the GTA Read More »
If you want to sell or rent a property, you have to make it look good. While cleaning between tenants is a no-brainer, there are additional considerations to take into account when staging a property for viewing.
6 Tips for Staging Your Toronto Property For Sale or Rental Read More »
Renting out your first property can be equal parts exciting and terrifying. Here are a few tips to help you move the needle more into “exciting” than “terrifying” territory.
6 Tips for Your First Toronto Rental Property Read More »
Industry experts are starting to call the problems in the Toronto housing market a “blip” rather than a bursting bubble. While it is true that in some areas, housing prices are going down, overall prices are still up year-over-year in the Toronto area. Flood of listings sellers trying to cash in at “peak” The primary
Home Prices Still Steadily Rising in Toronto Read More »
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