The latest data from the Canadian Mortage and Housing Corporation is in, and there's plenty for both renters and landlords to be aware of concerning 2021's rental vacancy rates in Toronto. Here, liv.rent will be looking at vacancy rates across the City of Toronto and beyond, contextualizing this year's numbers in terms of how they compare across Canada, as well as to Vancouver specifically. What is Toronto's rental vacancy rate? Vacancy rates ...
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More so now than ever before, property managers in Canada rely on property management software to assist with just about every part of their business. As technology continues to improve, so do the number of functions property managers can perform digitally, and the possibilities for automation have become near endless. No longer do property managers need to spend countless hours manually screening tenants, cross-posting listings, and other administrative and organizational ...
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Homeowners and landlords in Ontario have a lot to think about during tax season. There are a number of taxes related to the sale, purchase and holding of property in the province, as well as federal and municipal taxes on top of these. To help you make sense of all the different taxes for homeowners in Ontario, liv.rent has compiled a guide to each, including property tax, land transfer tax, ...
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A vacant rental property is every landlord and property manager's worst nightmare. When your unit is empty, you're not generating any revenue on it and yet you'll still have to cover expenses – not to mention all the potential risks that come with an empty home. Of course, avoiding vacancies entirely is your best course of action, but this isn't always possible. Today, liv.rent will be walking you through five ...
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Both landlords and renters in Ontario should familiarize themselves with the province's many different tenancy forms, particularly some of the more common ones you're likely to encounter. Ontario's Landlord and Tenant Board is your go-to resource for all things rental-related, and the province has created standardized documents laying out guidelines for pretty much any situation you can imagine. While this is extremely helpful for landlords and tenants, it can also ...
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Information privacy is a hot-button issue that's taken centre stage in this new age of digitalization we find ourselves in. Despite efforts to regulate data privacy, 67% of Canadians still feel as though they have no control over their data privacy. This is especially significant in the rental industry, where both landlords and tenants typically need to provide personal details about their identity and income, among other things. That's why ...
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Vancouver, BC is a truly spectacular place to call home. The city's unique proximity to both mountains and sea, its top-notch food scene, and cosmopolitan appeal make for an understandably competitive housing market and have led to the city having some of Canada's highest rental rates. With such a booming rental market, both landlords and renters need an apartment rental website that provides safety and security – not to mention ...
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Every landlord and renter knows all too well that no rental unit can remain pristine forever. Over time, there's bound to be some damage to the suite from sustained use. If the damage is severe enough to impede enjoyment of the unit, or if it's caused by negligence on the part of the tenant, this can quickly become an issue for both parties. That's why most lease agreements set out ...
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Tax season has a way of sneaking up on us each year, and it's never too soon to start thinking about how you're going to file your taxes. Claiming your rental income as a landlord is a must, but are you making the most of the various expenses and deductions Canadian landlords are eligible for? And what can Ontario landlords specifically do to prepare? We're liv.rent, and in this post ...
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Pricing your rental unit correctly is key to attracting more leads and finding renters quickly. Landlords must take the time to figure out precisely how much they'll charge for rent before uploading or publishing their listing, by considering a host of key factors. Regardless of where in Canada your unit is located, you'll likely follow a similar process to determine the amount you'll be charging renters. In this post, we'll ...
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