Toronto renters: Do you want the good news first, or the bad news?

Wednesday Nov 6th, 2019

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Toronto Real Estate

Let's start with the good news since it's the freshest. Toronto apartment rentals saw the slowest rate of price growth in the last two years during the third quarter of this year. Real estate research firm Urbanation, which tracks prices for purpose-built apartments in the region, released new data today that found the average price for a Greater Toronto Area rental apartment was "essentially unchanged" between July and August when compared to the April to May... [read more]

Ontario government scraps rent control & Toronto doesn't like it

Sunday Dec 9th, 2018

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Toronto Real Estate

Ontario Premier Doug Ford's first-ever fiscal roadmap could have sweeping implications across all aspects of life for almost everyone in the province. Those who earn the most money, for example, no longer have to worry about paying extra income taxes (something proposed by the previous Liberal government that would have generated about $275-million for Ontario). Renters, on the other hand, could eventually end up paying way, way more to live in the city. Effective November 15,... [read more]

Bidding Wars Erupt in Toronto's Rental Market

Sunday Sep 18th, 2016

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BIDDING WARS ERUPT IN HOT TORONTO RENTAL MARKET Looking for that perfect rental property to move into? Get ready for war. What was once unthinkable is now a reality in the City of Toronto, with bidding wars for residential rentals happening in all corners of the city. As a landlord, David Batori has seen it first hand. "We did a recent renovation on a basement apartment and we were asking $1,200 (per month) and it rented for $1,480." Batori had four people bidding on... [read more]

'Own use' evictions on the rise in Toronto

Tuesday Mar 13th, 2018

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'OWN-USE' EVICTIONS ON THE RISE IN TORONTO Shane Dingman & Tom Cardoso, Globe & Mail Image courtesty of: Google.ca More Ontario renters are being served with eviction notices that suggest the landlord intends to occupy the unit for his or her own use - and the trend is accelerating, according to new data obtained by The Globe and Mail.  Data provided by the Social Justice Tribunals (SJTO) show the number of eviction applications that include an N12 notice -... [read more]

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