‘Tis the Season to be Jolly
A friend of mine posted the following letter on Facebook last week. Please give it a quick read:
A friend of mine posted the following letter on Facebook last week. Please give it a quick read:
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.
Highlighting several of the best areas in Toronto that have always been attractive for landlords.
Should you wait until the market calms down before you buy?
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 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:
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…
Toronto mayor John Tory is looking to combat the housing shortage in Toronto. His three-point plan is being implemented to try and create 40,000 new social housing units over the next twelve years. The plan unveiled is as follows: First, the city has identified 10 more sites where it owns land that can be redeveloped…
CEO of the Ontario Real Estate Association, Tim Hudak, introduces a new program to modernize the current real estate act. (REBBA)
During 20+ years in Real Estate Paul has worked with hundreds of clients to buy, sell and lease duplexes, triplexes and multiplexes all across town. Here are his top tips for buying an income property.
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…