Income Property Blog
Paul’s Ten Tips for Buying an Income Property in Toronto
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.
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?
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.
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…
How to Get as Much Rent as Possible for your Suite
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
Snow Removal at Tenanted Properties: Whose responsibility is it to shovel the snow: landlord or tenant?
5 Fire Safety Guidelines to Keep Your Tenants Safe
Fire prevention and safety is a must for every landlord. Here are 5 guidelines that every landlord should follow to ensure proper fire safety.
Cannabis Retail is Coming to Toronto
The PC government has created a lottery system for would-be cannabis retailers.
Deciphering the New Rent Control Rules in Ontario
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.
Investing in Toronto Condos
In this podcast, Paul Anand speaks with realtor Alex Moloney about the Toronto condominium market over the past decade, speculating vs. investing in Toronto condos and analyzing rents and costs per sq ft in newer and older buildings.
MLS Sales Data to be Made Public
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…
Retrofit & The Ontario Fire Code
In this podcast, Paul Anand speaks with Fire Code Consultant Paul Schuster about fire retrofit and its importance to landlords and The Ontario Fire Code.