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

June 21, 2021 Comments are off

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.

June 21, 2021 Comments are off

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

June 21, 2021 Comments are off

Rent Control Reforms Could Mark a Return to Sky-High Increases for Toronto Tenants, Advocates Warn

With the province scrapping rent control for new units across Ontario, affordable housing advocates are cautioning the changes could mark a return to sky-high rent increases for thousands of Toronto tenants.

The Progressive Conservative government revealed the details on Thursday through the fall economic statement, announcing legislation which ends rent control

June 21, 2021 Comments are off