How to determine the financial viability of an income 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.

2019 Ontario Rental Increase Guideline
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2019 Ontario Rental Increase Guideline

The Ontario government recently announced that the allowable increase that landlords can charge their tenants this year is 1.8% of the base rent. Some years have seen larger increases, and some smaller, but this figure seems to be right in line with increases that we have seen over the past few years. Rental increases are…

Should All Prices Be Disclosed in a Real Estate Bidding War?

Should All Prices Be Disclosed in a Real Estate Bidding War?

The Toronto real estate market has been plagued with a lack of supply for some time now. This had led to a sellers’ market where there is often more than one bid on a property that is listed for sale. Multiple offers are commonplace and are often expected by sellers on many downtown properties.