There was a time that investors wouldn’t dream of buying an income property unless it was a five cap. Nowadays that number can drop to under three. My clients who buy duplexes and triplexes for investment only (not to live in), often ask me what is an acceptable cap rate in the City of Toronto…
Toronto City Council has released a press release announcing a program to allow residents to build garden suites on residential properties in the city: A garden suite is defined as a housing unit, usually located in the backyard of an existing house, but separate and detached from the main house. Garden suites, like laneway suites,…
Royal LePage announced last month that the aggregate price of a home in the Greater Toronto Area increased by 17.3 per cent in 2021 to $1,119,800 as demand continued to outpace supply. It expects that in 2022 prices in the GTA will rise by another 11 per cent, with the aggregate home price reaching $1,243,000…
This article is courtesy of Evan Wright, Plex Realty Sales Representative Is the Hamilton real estate market still worthy of consideration? Outlier communities are attractive to both real estate investors and first-time home buyers alike. There are several standard reasons for this, but one of the most prominent ones is that people are not necessarily…
As we entered a second lock down in Toronto this year, many landlords have been asking what their rights are with non-paying tenants and the eviction process. While the situation may soon change again, this is a fluid process, and the rules seem like they are being made up as we go along. For the…
Relevant duplex, triplex, and multiplex sales from the past 90 days
Rental Increases to be put on hold for 2021
Year on year sales much higher
New Legislature wants landlords to consider alternatives to evictions.
Sellers can decide if they want an Open House or not.
Realtors rally around call for inclusion and understanding
New Legislature looks to protect commercial tenants from unfair evictions.