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 »
Desperate Toronto landlords are increasingly turning to a new strategy to oust reluctant tenants, offering them money to vacate their units. Known as ‘cash for keys’ this tactic is on the rise across the city, according to a recent report. It’s not hard to see why. Landlords have few options when it comes to clearing …
What Toronto Landlords Need to Know About ‘Cash For Keys’ Read More »
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? …
Properties, like people, age. Whether they age well is up to you and your tenant. A little wear and tear is normal for any occupied unit. A cracked tile, some peeling paint – these are all to be expected when someone lives in a home. But when does reasonable wear and tear cross the line …
Tenant Damage or Wear & Tear? Toronto Landlords Need to Know the Difference Read More »
Even the best tenants don’t stick around forever. Especially in Toronto’s turbulent rental market where demand and supply are both on the increase. For landlords, getting notice from tenants can leave them blindsided and scrambling to fill an empty unit. Transitioning between renters isn’t just a case of ‘out with the old, in with the …
Transitioning Between Tenants: A Toronto Landlord’s Guide Read More »
With rents soaring in Toronto and housing in short supply, the city’s rental market is in a state of flux. One of the most surprising trends of the summer has been a sharp spike in N12 evictions. Also known as ‘personal use’ evictions, N12s are when landlords ask their tenants to vacate their units because …
N12 Evictions: What Toronto Landlords Need to Know Read More »
It’s time to put your property on the market, sell up, and move on. There’s just one catch – the people living there. If you have tenants, selling your property becomes a lot more complicated. Your first decision is whether you’re going to sell the property empty or tenanted. These come with different legal responsibilities …
What Rights do Your Tenants Have if You Want to Sell Your Property? 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 …
It’s a landlord’s market in Toronto where demand for housing continues to soar and rents are at an all-time high. Against this backdrop, you might be tempted to skip any renovations or upgrades to your unit – tenants, after all, are desperate and willing to pay more for less. But savvy landlords know that keeping …
Rising interest rates, climbing prices, and mounting debt are pushing up the cost of living for many Canadians. Toronto landlords may have a steady source of income but they’re not immune to economic pressures and some unscrupulous property owners are passing on that pressure to their tenants. In a recent incident, several GTA tenants took …
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