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Large Demand for Student Housing Creates Great Investment Opportunity for Landlords

As university and college enrolment continues to grow across Canada, there’s also an emerging investment opportunity for student housing. Demand for off-campus student housing is clearly outstripping supply. And for landlords, the investment opportunity for student housing presents new horizons. Needless to say, large urban centres will be high demand centres for rental units.

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Many Realtors are Predicting a Leveling Out of the Housing Market

Many realtors are predicting that Canada’s real estate boom will be slowing down in 2017, with predictions that the New Year will bring with it modest sales gains compared to years gone by.  Even the Canadian Real Estate Association forecasts 2017 as the year when the home market will level off. And while Toronto and […]

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Ottawa considering tactics to intervene in housing market

The Bank of Canada’s recent move to drop its overnight lending interest rate by 0.25 per cent has many talking about its effect on the housing market. Soon after the drop was announced, Canada’s banks swiftly followed with prime lending rate cuts of 10 or 15 basis points which left rates at 2.7 per cent. […]

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Detached houses in Toronto continue to rise in price

The city of Toronto set a new record for home sales in June. Last month, 11,992 homes were sold, which is an 18.4 per cent increase from the year before. The housing price for all the types of homes sold went up and the average selling price of a home within the GTA rose to […]

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Don’t compare the Canadian housing market to the US one, says CIBC report

Economists have been sounding the alarm for years that Canada’s housing market is set to crash and that our debt levels are at a worse state compared to US residents before their housing crash. A recent report by CIBC says that Canada’s housing market isn’t comparable to the US’ situation since the amount of housing […]

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Housing affordability remained the same thanks to regional trends

Housing affordability improved in some cities during the first quarter of 2015, but it was offset by rising unaffordability in other cities. The national affordability of three types of housing (condominium apartments, two-storey bungalows and detached bungalows) saw little change, according to RBC’s recent Housing Trend and Affordability report. Owning a condo became more affordable […]

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What is the Ontario Condo Rebate?

The Ontario Condo Rebate, also known as the New Residential Rental Property Rebate, is open to both Canadian and foreign investors. The rebate allows you to receive an HST rebate on a new home (or condo). To qualify for the Ontario Condo Rebate you must provide proof of a one-year lease for the property you […]

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How the Legalization of Cannabis will Affect Landlords in Canada

The legalization of cannabis will affect landlords in Canada since renters won’t know what to do about banning its use inside their rental properties. October 17th, 2018, was the official date for its legalization and landlords are more worried than ever. Many have started acting and prohibiting tenants from using cannabis. However, many tenants feel […]

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