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My Blog

1st
Nov

Fraudulent Online Rental Advertising

Posted by Nicholas Searle on 10:44 AM

Recently, a Toronto Real Estate Agent reported this situation: A tenant contacted them about a property in which the tenant had made a lease arrangement after viewing the property online and contacting someone who they thought was either the owner or the agent for the property. The tenant had actually paid the deposit for the lease however, was calling to complain that they never received the keys.



30th
Jan

What’s Happening With Toronto Rent Prices?

Posted by Nicholas Searle on 08:03 AM

TREB announced its rental market report for the end of 2017, based on leases reported by Greater Toronto REALTORS® through TREB’s MLS® System. The average rent for a one-bedroom condo was up by 10.9% from last year to $1,970! The average two-bedroom condo rent was up by 8.8% over the same period to $2,627. This may be an issue of supply and demand.

As the population in the GTA continues to grow, the demand for rental accommodation also rises. In the recent years, no ma...



17th
Jan

Ontario Landlords Can Raise The Rent 1.8% in 2018

Posted by Nicholas Searle on 03:20 PM

The rent control guideline in Ontario tells residential landlords how much they can raise the rent in a given year. The rent increase is linked to the Consumer Price Index. The Ministry of Housing uses it to find out the level of inflation based on prices of such things as groceries and the cost of buying clothes. Based on the Consumer Price Index for 2018, landlords can raise the rent by a maximum of 1.8%. So for example, if your rent is $2,000 per month the landlord can increase it by $36.0...





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