Canada’s rental market is shifting in 2025. CMHC’s latest report reveals rising vacancy rates, slower rent growth, and continued strength in cities like Toronto. With 88% of new rental apartment projects backed by CMHC financing, purpose-built rentals are on the rise. Whether you’re a renter or investor, understanding these trends is key to making smart housing decisions
Read More
In Q4 2024, the Greater Toronto Area (GTA) condo market experienced notable shifts, with sales increasing by 25.5% year-over-year, signaling improved affordability and buyer confidence. Despite the sales growth, average prices dipped by 1.6% to $689,198, while active listings surged by 43%, giving buyers more negotiating power. Market trends varied by region, with Downtown Toronto favoring smaller units for young professionals, while North York and Mississauga saw stronger demand for larger living spaces. Additionally, a record-breaking 29,800 new condo completions put downward pressure on rental prices, particularly for smaller units, though demand for three-bedroom units remained steady. As the market continues to evolve, shifting buyer preferences and economic factors will play a key role in shaping future trends.
Read MoreLiving in a condominium comes with unique perks and responsibilities. To maintain harmony in your condo community, it’s essential to understand the boundaries between your private unit and shared common areas. These divisions impact everything from decorating your door to managing condo maintenance fees. By reviewing your condo’s declaration and respecting community rules, you can enjoy a smooth and balanced living experience while contributing to a pleasant environment for everyone. Discover how understanding your space can help you make the most of condo living!
Read MoreAs a condo resident, there are several important factors to be aware of to ensure a pleasant living experience. Here are some key aspects to look out for
Read More
Are you a tenant in Ontario looking to have a wonderful living and rental experience? It’s important to know your rights and responsibilities according to the Residential Tenancies Act (RTA). As a good tenant, you should keep your rental property clean and fix any damages caused willfully or negligently. Remember, you’re not allowed to change the locking system without the landlord’s consent and should avoid harassing or threatening your landlord. Your rights include the right to quiet enjoyment of a properly maintained rental property and not to be evicted in bad faith. If facing eviction, you have the right to request a hearing from the Landlord and Tenant Board. Additionally, landlords can only evict you under specific circumstances, providing compensation or alternative housing. Make sure to use the Ontario Standard Lease and be aware of the guidelines for rent increases. By understanding your rights and responsibilities, you can create a positive and harmonious rental experience.
Read More
Being a landlord is getting more challenging than ever. As a condo investor/landlord, what are the lawful rights and duties in Ontario? How to deal with tenants that would abide Ontario’s Residential Tenancy Acts while protecting your own interest?
Read MoreThere are more and more condo units are used for short-term rental (Air B & B), some are even been listed on Air B & B website without notification and approval of the landlord. Here are some advise to help landlords to avoid this happens at early stage
Read More
