Home sales decline, average selling price remains flat Home sales in the Toronto area declined on a year-over-year basis in August while the average selling price remained flat, as rising borrowing costs continued to weigh on the region’s real estate market. Though the MLS Home Price Index and average prices inched up 2.5 per

The world of property management has undergone significant transformations over the years. Traditional models, often characterized by face-to-face interactions and paperwork, are gradually giving way to more streamlined, technology-driven methods. This evolution, witnessed in enterprises like Royal York Property Management (RYPM) under the leadership of Nathan Levinson, reflects broader trends

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

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

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