Imagine being a landlord and not receiving rent for three months, unable to evict non-paying tenants. This challenging scenario is becoming increasingly common in today’s uncertain economic climate, affecting both property owners, grappling with rising mortgage interest rates, and tenants, strained by financial difficulties. This dual challenge has created a

The real estate landscape in Canada, and North America in general, has experienced material changes that have negatively impacted affordability. The recent increase in interest rates has dramatically increased housing costs for landlords and investors, and these costs are being passed on to tenants. The most vulnerable members of society,

As we approach 2024, Royal York Property Management stands out as an essential resource for property investors and landlords grappling with the challenges of maintaining profitability in an increasingly strained rental market. Amid the increase in interest rates in response to higher inflation, housing costs have risen, straining the profitability

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