Canada's housing market has been notoriously turbulent in recent times, but there are still plenty of opportunities for savvy investors to make a profit. Particularly in major urban centres like Toronto, demand for rental housing is higher than ever as students and renters in general return from abroad. This makes for a great opportunity to enter or re-enter the real estate market, whether you're looking to purchase your first property ...
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Another year means the possibility of another rent increase for Ontario renters and landlords. After a temporary rent freeze in 2021, the province's Landlord and Tenant Board has resumed the release of yearly rent increase guidelines, with the latest numbers for 2023 announced in June. For those worried about steep rent hikes though, rest assured — landlords can only raise the rent up to a maximum amount dictated by the ...
Read MoreMetro Vancouver is known across Canada for two things: unmatched natural splendour, and high home prices. Rising interest rates may alleviate some of this pressure though, precipitating significant price drops in Vancouver's real estate market, albeit with higher mortgage rates to match. With the city's rent prices still higher than ever, this makes for a great opportunity to enter or re-enter the real estate market – whether you're looking to ...
Read More[Updated January 25, 2022] Rising interest rates and rental properties: what landlords need to know
Inflation and the corresponding rise in interest rates are on nearly every Canadian's mind right now. Practically everywhere one looks, there's talk about the far-reaching consequences of these important financial indicators – but how will these seismic shifts affect landlords and real estate investors? Those who own rental properties will certainly feel the impact of Canada's rising interest rates, in a number of important ways. We're already seeing rent ...
Read MoreLandlords have a lot of decisions to make throughout the rental process, but the duration of the lease agreement is one factor that's often taken for granted. While one-year leases have long been the standard for Canadian landlords, there has been growing interest in short-term rental contracts as of late – that is, lease agreements ranging from 1-6 months in duration. These types of arrangements can be more profitable under ...
Read MoreThe 8 best neighbourhoods for families in Toronto
Toronto is more known for its towering skyscrapers and status as Canada's financial de facto financial capital, but don't less this fool you – the city has plenty of neighbourhoods that are excellent places for families, many of which are just outside the downtown core. In fact, Toronto has elementary and secondary schools practically everywhere across the city's massive geographic area, not to mention some of the country's most prestigious ...
Read MoreThe 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 ...
Read More[Updated August 2022] The 12 Best Property Management Software In Canada
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 ...
Read More[Updated for 2023] Homeowner’s Guide To Ontario Property Tax, Land Transfer Tax & More
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, ...
Read MoreA 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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