Blog

What does the legalization of marijuana mean for Ontario tenants and landlords? We asked an expert on whether or not tenants can smoke in their units and the legality behind Landlords filing for eviction.

he biggest problems in real estate today seem to center around leasing. That's because Landlords and Tenants forget, or don't know the role of the real estate agent.

The new standard lease for rentals has come into effect for Ontario on April 30th. You might ask yourself, "Do I still need an agent"?

Rent controls have created two markets. For Tenants who stay put, they'll pay below market rents. For new tenants, they can expect to pay even more because of a shortage of rental units

On December 7th, the City of Toronto passed new changes to reduce the number of Airbnb rental units and force owners to rent them out as long-term rentals. The rules will go into effect July 1st. The focus, of course, is on investor condos downtown. This is just a PR and vote-appeasing move that will have little impacto n the condo rental market downtown

When you want to lease a home in Toronto there are many reasons why hiring your own agent (A Licensed Realtor©) is important. The main reason is to avoid being scammed and ensure you are working with a professional who will represent your interests.

It's the first week of September which means it's a busy time for renting. Unlike past years, we now have rent controls. So how will this impact Toronto renters? This is not a panacea for Tenants, in fact, rent controls can cause a big problem for Tenants, for the short, and long term.

The first part of our Blog pointed out the key difference between Good Debt and Bad. Good debt is that which produces an income or is used to purchase an asset that will appreciate over time. For example: borrowing money to invest in stocks, a business, and real estate.

The Property: a junior one- bedroom with locker and no parking on Bay St. It sold for $270,000 in July of 2012; or it can be rented for $1600. Buyer puts 5% down ($13,500) and has a five year fixed rate mortgage of $256,500 at 3.09% So why do the experts recommend renting over buying right now?