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 »
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 »
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 »
Last month, the Ontario government announced several sweeping proposed changes to “make life easier, stabler, and more predictable for tenants and landlords alike”. More funding for the beleaguered Landlord and Tenant Board (LTB), more protections for tenants, and more fines for penalties – the changes are heavily weighted in favor of protecting tenant rights as
Ontario is Looking to Strengthen Tenant Rights – What Toronto Landlords Need to Know Read More »
Toronto Condo Owner Responsible for Tenant Damage Problem tenants aren’t just a nuisance, they’re a liability. One Toronto landlord found that out the hard way when a tribunal handed them a large fine for not reigning in their troubled tenant. The tenant in question had multiple complaints made against them from both neighbours and
Toronto Condo Owner Responsible for Tenant Damage 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 »
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
Holiday Fire Safety for Your Toronto Tenants 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 »
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 »
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