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 »
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? …
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 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 …
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 …
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 »
Summer is a great time to be in Toronto. Sunny patios, lazy days in the park, and outdoor festivals all make this the perfect city season but landlords can’t relax just yet. There’s still work to be done in prepping your property for the warmer months so your tenants can enjoy their space without worrying …
Summer in The City – Getting Your Rental Ready For The Warmer Months Read More »
A desperate Toronto landlord is taking a new approach to problem tenants – putting pen to paper to write a desperate note, pleading for them to pay the rent they owed. The note, which was shared with a local news outlet, read: “You are $9,000 behind in rent now. The landlord is on the verge …
Getting Rent Out of Problem Tenants – Tips For Toronto Landlords 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 …
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 …
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