There is a ton of work involved with becoming a landlord as it requires time, money, and patience. In this article, we break down the different types of rental investments, how to calculate the return on investment (ROI), and a checklist of things to consider during the process.
COVID-19 has had an impact on the Canadian Economy and housing markets across the country. Although the spring was much cooler than previous years, we began to see record setting sales in the summer months and the Toronto market has remained stable. With interest rates at historic lows and rental unit prices dropping, right now is the perfect time to make moves. Below, we list some of the impacts that COVID-19 has had on the market:
Open houses are a highly debated topic in the real estate industry. Some realtors will insist that open houses are a crucial component of the selling process, while others want nothing to do with them.
Buying a pre-construction condo is a different process than purchasing a re-sale unit in Toronto. With a pre-construction condo, there are many phases that take place before the condo is ready for its residents. One of these phases is interim occupancy. Interim occupancy is a temporary phase in the pre-construction buying process that comes just before final closing.
Low rent prices in Toronto continue to see a downward trend while average home prices hit an all-time high.
Owning a recreational property in the summertime is every Canadians dream. Although it is a big responsibility, cottage ownership is becoming increasingly popular. There are factors such as mortgages, maintenance and extra taxes that need to be considered but if you are looking in a good area and invest in the right property with potential, it is possible to see a great return on your investment.
Over the last decade, buying a second property has become much more popular for middle-class Canadians. Purchasing a second property is a decision that requires thoughtful planning to figure out if it is a viable option for you. Whether it is an investment property, vacation home or cottage - the epitome of the “Canadian dream”, it is important to understand what purpose your second property will serve.
It is no secret that Toronto is one of the most expensive cities in Canada to purchase a home in. Whether you are looking to buy or rent a property, you should also take the time to think about how utility costs come into play when you are crunching the numbers.
Whether you're a landlord or a tenant, what are the rules around selling a tenanted property in Toronto? We've got all you need to know.
While pre-construction investors often have an option of selling via an assignment, there are a number of reasons why you should choose to rent instead.