A tenant can be evicted for not paying rent or engaging in an illegal act. But there are also some not-so-obvious reasons that a landlord can terminate tenancy. A tenant can be given notice because the landlord will be demolishing…
Condominium apartment vacancy rates across the Greater Toronto Area have fallen dramatically since last year, resulting in ballooning rent prices. Average condo rents were up by double-digits annually for all bedroom types in the second quarter of 2022, surpassing record…
Landlords of residential units can raise their tenants’ rent by 2.5% next year, an increase not seen in a decade. The Ontario government approved the maximum allowable increase in June. The last time tenants of ‘rent-controlled’ units faced a 2.5%…
Average rents are expected to rise above 2019-peak levels next year, according to latest projections from Bullpen Research & Consulting and Rentals.ca’s National Rental Report. Among Canada’s five largest municipalities, Toronto is forecasted to have the strongest bounce-back in 2022,…
Did you know it is illegal for a landlord to ask a renter for a security or damage deposit? The only deposit a landlord can collect is the first and last months’ rent, otherwise known as a rent deposit. This…
After a year of seeing no increase, most residential tenants should expect their rent to rise in 2022. The Ontario government has approved an up to 1.2% rent increase — the smallest increase for rent controlled units since 2014. This…
Deciding whether to rent or buy typically comes down to personal and financial circumstances. If you don’t have a down payment, are not sure where you’ll be in the next three to five years, interest rates are high, there’s no…
2020 was a roller coaster year with unpredictable ups and downs. The first quarter started off strong until the pandemic hit in mid-March. The province-wide shut down in spring resulted in historical low market activity; however, sales quickly rebounded in…
As the leaves begin to fall with the changing of the seasons, so too should the expectations of landlords. The pandemic continues to impact rental rates and new laws may lead to further challenges for those who rent their property.…
The Ontario government has passed a contentious law that it says will stabilize the province’s rental market, despite growing claims from tenant advocates that it will only lead to mass evictions. Bill 184 requires tenant compensation of one month’s rent…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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