The average rent in Toronto hit a high of $2,832 last year, making it one of Canada’s most expensive cities, and the outlook for 2024 is little better as demand continues to surge in a market that’s grossly undersupplied. For students and young professionals, it’s almost impossible to get on the property ladder and tough …
How Toronto Landlords Can Legally Run a Rooming House Read More »
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 recent 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 it alone. “In an …
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 »
As Canada’s largest city, Toronto is no stranger to change. The city’s neighbourhoods are now set for another shake-up following a recent council decision to amend Toronto’s planning laws. Multiplexes of up to four units will soon be allowed in every area of the city as Toronto struggles to meet soaring demand for housing. “We …
Multiplexes Will Soon be Legal in Toronto – Should You do it? 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 …
Escape the Vacant Home Tax by Becoming a Toronto Landlord Read More »
With Canada expected to slide into a recession in early 2023 and the housing market softening, property investors are understandably worried. It’s important not to panic. There’s no denying that these are turbulent times, but there are ways to weather the storm. Real estate deserves its reputation as a solid investment. Short-term shocks won’t detract …
Whether you’re a new landlord, or you’ve been renting property for decades, you know that managing tenants isn’t easy. That’s why most GTA landlords outsource the job – hiring property managers or real estate brokers to oversee their properties on their behalf. Many landlords, especially those new to the market or with multiple properties, choose …
Why Landlords Need Property Managers, Not Real Estate Brokers Read More »
Toronto landlords have had a difficult few years. Delays at the Landlord and Tenant Board (LTB), pandemic rent freezes, problematic tenants – it’s easy to see why many across the GTA are struggling to manage their investments. Some have even been forced to abandon their properties as they wait for their eviction notices to clear …
Toronto Landlords Need Property Managers Now More Than Ever Read More »
Home sales soared to unprecedented highs last year amid the real estate boom. A year on, GTA properties may have come down slightly from those dizzying heights, but the Toronto real estate market remains one of the hottest on record. February 2022 home sales were the second-highest in history, according to figures from the Toronto …
With Real Estate Rocketing, Is Being a Landlord Worth It? Read More »
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