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…
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.
Spacious Open-Concept Wychwood Gem with Income Potential Large, recently renovated one bedroom basement apartment will provide plenty of off-setting income Many recent upgrades include: Exposed brick with high ceilings and built-in surround sound. Modern kitchens and bathrooms. Cedar deck with pot lights at front. Front roof and skylights new in 2019. Recently waterproofed. Large Storage…
In This Issue: How to Get as Much Rent as Possible for your Suite & TREB Market Statistics for January 2019
The Toronto Real Estate Board (TREB) has just released the overall sales numbers for January 2019. There were 4,009 sales in January 2019, up 0.6% compared to January 2018.On a seasonally adjusted basis, sales were up 3.4% compared to December 2018. There was a total of 9,456 homes listed in January 2019, up 10.5% per cent year-over-year. The average selling price was $748,328. On a…
When your tenants vacate your rental suite that is the ideal time to make changes and improvements so that you could potentially charge more rent to the new tenants. You are allowed to charge whatever the market will bear so you should do everything possible to maximize this income. These maintenance and renovation tips will…
In This Issue: 5 Fire Safety Guidelines to Keep Your Tenants Safe & Snow Removal at Tenanted Properties.
Snow Removal at Tenanted Properties: Whose responsibility is it to shovel the snow: landlord or tenant?
Fire prevention and safety is a must for every landlord. Here are 5 guidelines that every landlord should follow to ensure proper fire safety.
In This Issue: Cannabis Retail is Coming to Toronto & 2018 Residential Income Property Sales Wrap-up.
The PC government has created a lottery system for would-be cannabis retailers.
In This Issue: Deciphering the New Rent Control Rules in Ontario & Podcast: Investing in Toronto Condos, with Alex Moloney.