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Toronto Landlords and Their Obligations to Provide Air Conditioning in 2024

Toronto Landlords and Their Obligations to Provide Air Conditioning in 2024   The current laws are very clear about what landlords’ obligations are – if air conditioning was present in the unit prior to the tenant moving in, it must be kept in good working order and keep the unit at a temperature under 26 …

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Ontario Homeowner Protection Act Introduces Safeguards for Buyers & Homeowners

Ontario Homeowner Protection Act Introduces Safeguards for Buyers & Homeowners   If you’re buying or own property in Ontario, there are new protections coming in the recently tabled Homeowner Protection Act. Both the Ontario Real Estate Association (OREA) and the Toronto Regional Real Estate Board (TRREB) have signaled their approval of the legislation.  While the …

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Toronto Investment Property

Why You Shouldn’t Panic Sell Your Rental Income Property To Avoid Capital Gains

Why You Shouldn’t Panic Sell Your Rental Income Property To Avoid Capital Gains Short-term knee jerk reactions are never great for investments, but it happens all of the time. If the stock market goes down, we want to sell stocks that we should definitely be holding onto. It’s just human nature.  Ever since the 2024 …

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How Many Toronto Property Owners are Leaving Homes Vacant Due to the Fear of Being a Landlord? 

How Many Toronto Property Owners are Leaving Homes Vacant Due to the Fear of Being a Landlord?  An acquaintance of mine has a condo that she bought before she got married. Instead of selling when she bought a home with her husband, she has rented to various tenants over the years. Recently, she posted on …

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Toront

Your Responsibilities for Repairs as a Toronto Landlord 

Your Responsibilities for Repairs as a Toronto Landlord  Under the Residential Tenancies Act (RTA), landlords are required to keep everything in the property in working order. This usually refers to things such as appliances, carpets, windows, doors, and lighting.  The main dividing line between something a tenant is responsible for versus something a landlord takes …

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Vet Tenants With Openroom

Crowdsourced Registry Lets Toronto Landlords Vet Tenants

Crowdsourced Registry Lets Toronto Landlords Vet Tenants It involves a lot of paperwork, takes time, and can be stressful. But there’s no way around it – tenant vetting is a daunting, but necessary, part of being a landlord. Letting someone live in your property isn’t without risk, so you need to run through extensive checks …

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Buyers Are Back – Latest TRREB Report Shows Upswing in Toronto Real Estate

After several lackluster months it appears buyers are coming back to the GTA housing market, leading to an uptick in prices as competition heats up. While both sales and prices are down from the same period last year, the average selling price of a home in the GTA rose slightly to hit $1,108,606 in March, …

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Rental maintenance and repairs

Peeling paint? Cracked Cabinets? What Exactly Do Toronto Landlords Have To Repair?

Being a landlord is a big responsibility, but, when it comes to repairs, it’s hard to know exactly where that responsibility starts and ends. While a leaky pipe is a potential plumbing nightmare, what about minor scratches on the furniture or a blown-out bulb – are these things landlords should be worrying about or are …

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Your Secret Weapon: Our Renovation & Maintenance Services

Most GTA landlords turn to property managers to help them screen tenants, deal with disputes, or collect rent. But these experts have another, equally important, role – property maintenance. This often overlooked aspect of being a landlord is crucial to good tenant relations. Your renter isn’t going to put up with faulty appliances, broken furnishings, …

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Should one have to clean the house before leaving?

Do Tenants Have To Clean Up Before They Move Out?

In a perfect world, Toronto landlords would come by to collect their keys from vacating renters and find their apartments spotless. In reality, tenants leave behind all kinds of mess – food forgotten in the fridge, traces of paint on the walls, mystifying stains on the carpet. Human nature being what it is, we’re rarely …

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