Stricter rules are coming for short-term rental provider. The City of Toronto just passed a resolution by the local planning and appeal tribunal that will see stricter rules and tighter controls on people renting out their properties on AirBnB.
We are getting closer to the end of the year and the Christmas holidays. This year has been characterized by high prices for income properties, low cap rates and a sellers’ mentality that their properties are worth almost anything. I look forward to a time when negotiation becomes common real estate practice again. Toronto FC…
Highlighting several of the best areas in Toronto that have always been attractive for landlords.
In This Issue: Are we heading for a real estate crash in Toronto? and Landlord’s Fall Maintenance Checklist
Should you wait until the market calms down before you buy?
In This Issue: A Guide to Toronto Laneway Housing & Suites
Imagine if you could turn your rear garage into a rental suite to bring in a few extra dollars each month. Not only is your garage for your car, bike, or old stuff but it can also now be for people. In an effort to combat the current housing crisis, the City of Toronto does…
In This Issue: How to choose the right tenant for your rental property & How to determine the financial viability of an income property
In the City of Toronto, income properties often trade at around a 4% cap rate. The return on investment on these properties varies though as this is dependent on how much of a deposit is originally put down. The differences between cap rates and R.O.I. (return on investment) are important for landlords to understand.
There is no foolproof method for finding tenants that will ensure your success. In my experience with many landlords, there are a few things that you can do to maximize your chances of making the right decision when it comes to picking new tenants:
In This Issue: Toronto Vacancy Rate at an All-time Low & John Tory’s Plan for More Affordable Housing
It has been very challenging for renters in Toronto to find places to live over the first six months of this year. Some are saying that the vacancy rate is at an all-time low. Experts suggest that the current rate may now be under 1% which means that 99% of all the spaces available for…