Everything to Know when Renting with Pets
Toronto’s rental market is one of the most competitive in the country, so it can be a real downer when you find a listing you want to view but the landlord has a no-pet policy. However, is this legal? Yes…
2024 Rent Increase Capped Below Inflation Rate
Landlords of residential units will be able to raise their tenants’ rent by 2.5% again in 2024. The Ontario government approved the increase in June. Tenants of ‘rent-controlled’ units are subject to a 2.5% increase this year, too. While the 2024-approved…
Relatively Unknown Reasons for Rental Eviction
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…
More Canadians Settle to Rent Forever
Almost one-third of Canadians have given up on their dream of homeownership, according to a new survey by Finder. Of these, more than half — five million of nine million Canadians — expressed they are no longer interested in homeownership.…
Ontario Approves Maximum Rent Increase
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%…
Rent Increase Approved by Province for 2022
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…
Weighing the Benefits of Buying versus Renting
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…
10 No-Fail Ways to Save to Buy a Home
A common new year’s resolution is to save money but it’s easier said than done, especially if you want to sock away enough for a down payment on a new home. (That’s no small chunk of change!) Here are 10…
3 Big Changes in Toronto’s Rental Market
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.…
Tenants Fear New Bill will Make Evictions Easier
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…
