The day has finally come that all rental property owners have been dreading – the Residential Tenancies Act is being tightened in Ontario to make it almost entirely tenant-centric with the Rental Fairness Act. The only possible positive is the introduction of a standardized lease which will make it harder for bad tenants to …
What Landlords Need to Know About the Ontario Rental Fairness Act Read More »
What Utilities Should You Include With Your Toronto Rental Property? Knowing what to include with your GTA or Toronto rental property is an important part of making it the most attractive prospect in a competitive market. There are many arguments for and against including utilities with your property, and both sides have valid points. …
What Utilities Should You Include With Your Toronto Rental Property? Read More »
The Ontario government recently introduced the Fair Housing Plan, which includes sweeping legislation for the real estate market – most of which will have an impact on landlords in Ontario. One of the measures was the Non-Resident Speculation Tax (NRST) of 15%, which is meant to curb speculation by foreign investors in southern Ontario. …
The New Ontario Foreign Buyer’s Tax: What You Need to Know Read More »
Spring is here! For homeowners, it’s time to inspect their properties to see if the cold weather has wreaked any havoc on their homes – and barring that, time to turn on outside water, clean up patios and decks, and get the home ready for enjoying the outdoors.
Buy low, sell high – this single mantra has been a constant in the lives of millions of stock market investors. Knowing when to offload your resources – whether it be stocks or rental property – can mean the difference between short-term financial gain or a major long-term income stream.
The first quarter of 2017 has started off on a strong note in the Toronto and GTA real estate market. According to the Toronto Real Estate Board (TREB), both sales activity and average prices have both risen from its 2016 numbers. Despite a rise in sales, supply problems continue to plague Toronto and the GTA. …
Massive First Quarter in Toronto and GTA Housing Market: TREB Read More »
Partnering with a friend or family member to purchase a rental property can seem like an attractive prospect, especially with rising real estate costs in Toronto and the GTA. Going in on a rental property with a partner can make it a more affordable and potentially rewarding venture, but with it comes a significant risk. …
If you are a landlord in Ontario, you technically cannot put a “no pets” clause in a lease or rental contract under the Ontario Residential Tenancies Act. Thankfully, most tenants are responsible pet owners, and this is usually not an issue. However, if you are set against the idea of animals on your rental property, …
Renting to Tenants With Pets in Toronto and the GTA Read More »
It’s something that no landlord wants to do, but occasionally it is necessary to evict a tenant. Evictions are governed under the Ontario Residential Tenancies Act. The Landlord and Tenant Board has put together a summary document entitled How a Landlord Can End a Tenancy which is a simple explainer for situations in which you …
Rent increases are necessary to keep pace with the rate of inflation on the costs of maintaining your rental unit. Annual rent increases should be built into each rental contract, and they have to be in accordance with Ontario Ministry of Housing guidelines – in most cases.
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