Do you know about Ontario’s fair housing laws? Hey landlords, this one’s for you! Think of the fair housing laws as a set of rules to make sure everyone gets a fair chance when looking for housing. It means no one is left out or treated badly because of who ...
Continue ReadingAll homeowners will need to declare the status of their property as part of an effort to crack down on real estate investors and improve housing Letting a home sit empty in the middle of a housing crisis will now cost you, with the introduction of Toronto’s vacant home tax ...
Continue ReadingDon’t forget, the new residential property flipping rule, introduced in Budget 2022, is now law. This rule was included in Bill C-32, which received Royal Assent on December 15, 2022. The new rule deems profits from a “flipped residential property” as business income to target individuals that misclassify these profits ...
Continue ReadingBuying a multi-unit, meaning a building with five or more units, can be a great opportunity for investing in real estate. But before diving in, it’s important to know everything that’s involved with such a purchase, and the requirements that come with it. Here’s my advice if you’re interested in ...
Continue ReadingRules for rent increase In most cases, the rent for a residential unit can be increased 12 months after either: the last rent increase the date the tenancy begins The landlord must give a tenant written notice of a rent increase at least 90 days before it takes effect. The proper forms for this notice ...
Continue ReadingTiming is a crucial consideration when selling a home. A recent market study indicated it is ideal to put properties on sale during the months of February, March, and April. While the weather is not ideal during February, the month allows home sellers to gain exposure before the spring rush. ...
Continue ReadingCongrats, homeowner! You’re ready to sell your house, and you’ve picked a real estate agent you trust to get the job done. That’s a big step toward your end goal. But before you can put your home on the market and show it off to the world, you need to ...
Continue ReadingInvestment strategies for 2024 range from selling overpriced industrial assets to taking a full accounting of the top Commercial Real Estate risks. With the holiday weekend behind us, it is not too soon to look at what will be the top investment strategies for next year. They include: 1. Sell ...
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