Royal York in The News

Your tenant stopped paying rent? Royal York Property Management tells us everything we need to know.

Talk to your tenant Before noticing that the rent has not been paid, get in touch with the tenant first. Royal York suggests that all such matters should be communicated through email, so that there is as much written proof as possible. Though we hope it never goes to that
Royal York in The News

Royal York Property Management gives us 5 tips for when you are looking to rent in Toronto.

Major cities in Ontario have seen their average rent prices rise astronomically during the past year. As Toronto is still emerging from the COVID-19 pandemic and rising interest rates, renters are finding more competition that ever to secure a place to rent at an affordable rent. Combined with the influx
Real Estate News

Real Estate Holdings Drop by Record $322 Billion in Canada

Canadian households experienced a decline of almost C$1 trillion ($775 billion) in net worth in the second quarter amid plunging prices for homes and stocks. The value of residential real estate holdings held by households fell by C$419 billion in the three months between April and June, while financial assets
Real Estate News

Canada’s Economy Is Still 30% More Dependent On Real Estate Than The US In 2006

Canada’s economy is less reliant on real estate, but still dangerously dependent. Statistics Canada (Stat Can) data shows residential investment fell as a share of gross domestic product (GDP) in Q2 2022. After the interest rate cuts in 2020, residential investment soared to over a tenth of GDP. It’s since fallen sharply,
Real Estate News

0.75% Bank of Canada Hike All But Assured Next Week: Analysts

With the next Bank of Canada (BoC) rate announcement exactly one week away, mortgage borrowers are likely wondering just what’s in store for interest rates. While they can be assured that rates are indeed going higher, by just how much remains to be seen.  While a recently cooler July inflation read has