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 »
Home to around 20% of Canada’s population, the GTA is a huge area. Comprising six boroughs and two cities, it extends well beyond Toronto’s downtown core along the Northeastern shore of Lake Ontario. As you’d expect in such a vast area, there’s a lot of variety – not least in its real estate market. Here …
GTA Real Estate: Comparing Prices, Sales & Rents Across Toronto Read More »
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, …
Buyers Are Back – Latest TRREB Report Shows Upswing in Toronto Real Estate 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 »
House sales across the GTA may be dropping but prices are staying flat, according to the Toronto Regional Real Estate Board’s (TRREB) latest forecast which indicates that affordability remains an ongoing challenge in the market. There were 5,627 home sales in Toronto this August – a 34.2% drop since the same period last year. Prices, …
Latest TRREB – Sales Dive But Prices Remain Mostly The Same Read More »
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 …
Next year, Ontario landlords will be able to substantially hike rents as the market continues to recover from the pandemic rent freeze while battling rising inflation.
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, …
Your Secret Weapon: Our Renovation & Maintenance Services Read More »
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 …
Do Tenants Have To Clean Up Before They Move Out? Read More »
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