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.
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…
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.
The PC government has created a lottery system for would-be cannabis retailers.
In an effort to deal with the alarming rental shortage, effective immediately Ontario Premier Doug Ford and the PC government has taken away rent controls on all new rental stock.
Where will consumers go to check how much things have sold for? The Toronto Real Estate Board has begun to make MLS sold data available to its members as per the Competition Tribunal ruling. It has been decided that consumers have a right to access historical sales data despite real estate boards trying to…
New Rules have not yet come into effect for short-term rentals in Toronto due to an impending appeal.
On October 17th recreational cannabis use becomes legal in Canada. How will this impact landlords in Ontario?
As we head into October, it’s time to review if your income property needs any upgrades or fixes before the snow arrives.
In the City of Toronto, basement apartments are permitted as per a bylaw enacted in 2013.