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 »
Winter is a tough time for property owners, and it’s even tougher for Toronto landlords who need to be mindful of keeping their tenants safe from cold weather hazards like slippery snow. As a property owner, you’re responsible for keeping that property in good shape all year-round – even when mother nature has other plans. …
Is a Landlord Responsible for Snow Removal in Ontario? It Depends Read More »
Forged employment histories, fake credit scores, unreliable references – there are plenty of ways professional tenants can take advantage of unsuspecting landlords to get their foot in the door. Once they’re in your property, these fraudsters can run amok, skipping rental payments, causing damage, or even subletting without permission. Sadly this type of fraud is …
Forged Documents & Credit Scores Leading to Problems in Toronto Rental Market Read More »
One in seven fire-related deaths in Canada are due to a missing or malfunctioning smoke alarms. And every year more than 50 Canadians die of carbon monoxide poisoning. Incidents of both are more common in the winter months, when people are turning up their heating systems, decorating their homes, and getting together, so now’s the …
Fire Alarms & Carbon Monoxide Detectors in Your Toronto Property Read More »
The holidays are a time to decorate, get together, and celebrate the advent of a new year. They’re also a time to practice good fire safety. Candles, Christmas trees, even the holiday dinner, are all potential fire hazards so it’s a good time of year to share some fire safety tips with your tenants. Holiday …
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 …
The delicate relationship between landlord and tenant depends, in large part, on mutual respect. Part of that respect is not barging in on tenants unannounced. Just because landlords own the property, doesn’t mean they can wander in and out, ignoring their tenant’s right to privacy. Not only are these spur-of-the-moment visits rude and unwelcome, they’re …
The shortage of student housing in Toronto has generated some interesting ideas from creative landlords. One in particular made the news recently for converting their Scarborough bungalow into a makeshift student dorm where renters share private bedrooms, the kitchen, and the bathroom. It might be similar to the situation in a university-run residence, and cash-strapped …
Shared Rooms – Too Far Or The Future Of Student Rentals? Read More »
After two years of record-setting property prices, Ontario’s real estate is again hitting new highs. This time, it’s the rental market – the cost of renting a condo in the GTA is soaring, according to the Toronto Region Real Estate Board (TRREB) which says average rents for one-bedroom and two-bedroom apartments have now surpassed their …
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 …
Peeling paint? Cracked Cabinets? What Exactly Do Toronto Landlords Have To Repair? Read More »
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