This may come as no surprise especially with the limitations on real estate showings during this global pandemic. Fewer investment properties are renting right now. And they’re taking a longer time to rent. I work with investment clients and several of them have investment properties are for renewal in the coming months. I was curious […]
Rent or Buy?
There are a lot of factors to consider when deciding whether to buy or to rent. What kind of a property are you planning to live in? How long will you live there? Are you familiar with the neighbourhood? How much money do you have? Sure, you could use a rent vs. buy calculator, but […]
Cash flow positive… or negative?
This past Victoria Day long weekend gave me the opportunity to do some bicycling in the neighbourhood of Cornell. An idea came to mind. Being curious as to figuring out how many homes being rented on the market are either cash flow positive or negative, I decided to pick a recent 4 bedroom Cornell home […]
How to compete (and win) in the Toronto condo rentals market
If you think getting into Toronto condo rentals is already tough, think again. Market conditions are making it more challenging for renters. It’s not uncommon to see condo rentals go above asking price. I’ve represented landlords who have gotten multiple offers and rents way above their asking price. The average monthly rent for a condo […]
New mortgage rules might make you consider renting a home in Toronto
Many people scoff at the mere thought of renting a home in Toronto. I don’t believe it’s just a cultural issue. There’s a deep rooted mentality that home ownership is the only option. And renting a home isn’t even worth considering. Low mortgage rates have pushed many families to establishing roots in Toronto. They’ve embraced home ownership […]