Real Estate News

Landlords, Housing Advocates Hope Council Loosens ‘Arbitrary’ Rules on Secondary Suites

When Shelley Kanitz bought a small Toronto bungalow in 2016, she had two big plans for it: A massive renovation and a legal basement rental suite. After spending nearly two years rebuilding the house from the ground up, Kanitz’s family — including her husband and young daughter — finally moved
Real Estate News

Inside The Wild World of Renting an Apartment in Toronto

Amelia Nelson and her partner Nick struggled for five months to find a place in Toronto after their previous landlord informed them he wanted to renovate and then move his niece into the apartment. They started looking for a one-bedroom apartment with a maximum budget of $2,000, split between them.
Real Estate News

National vacancy rate falls, demand still outpacing supply: CMHC

Canada’s overall vacancy rate dropped for a second year in a row, as demand for rental housing grew at a faster pace than supply, according to the Canada Mortgage Housing Corp. In its annual rental market survey, the housing agency said Wednesday in 2018, the vacancy rate across the country
Real Estate News

THESE CANADIAN HOUSING MARKETS TOOK A BEATING IN 2018. WHAT DOES 2019 HAVE IN STORE?

2018 began with a steep nationwide drop in housing activity. Stricter mortgage qualification rules pushed buyers to the sidelines, as year-over-year double-digit sales decreases became the norm. Of course, some markets had a rougher year than others. Toronto, with its strong early-2017 performance, had a particularly cool start to the
Real Estate News

It did seem too good to be true’: Ontario family warns of rental scam

A stunning, move-in ready, three-bedroom home in north London, backing on to a tranquil forested area with a monthly rent of $1200: it was Amy Kuenzel’s dream come true for her family of five. She spotted the ad on Craigslist in November and quickly reached out to the owner to