As the global economy tries to recover from the pandemic while battling higher inflation and reduced economic growth, the housing market is struggling with the weight of record rent prices and looming mortgage defaults. The economic forecast is grim: tenants have been grappling with higher unemployment rates and financial instability,

Royal York Property Management, an industry leader in property management and tenant placement services, has successfully navigated various housing and economic cycles. Currently, the real estate industry is experiencing significant headwinds, presenting landlords and tenants with a host of challenges. Chief among them are the recent interest rate hikes that

Sentiments have soured significantly across Canada’s housing markets, with sales and prices edging lower as high interest rates keep buyers on the sidelines. But despite the slowdown, economists warn an improvement in affordability is not on the horizon. Home sales have been on the decline since the Bank of Canada

Photo by Ilya Cher on UnsplashCanada, with its rich tapestry of cultures, landscapes, and opportunities, has consistently been a beacon for global talents and families seeking better prospects. As the initial step for any newcomer is often finding the right place to stay, understanding the Canadian rental landscape becomes crucial.  Royal York Property

Investing in real estate is a significant financial decision. While the potential rewards are considerable, so too are the risks, primarily when properties are rented out. Concerns about unreliable tenants, property vacancies, and maintenance can turn what should be a promising investment into a source of anxiety. But, with institutions