Toronto Landlords Could Enjoy a Hike in Rents this Year

Toronto landlords with vacant units could enjoy as much as an 11% hike in rent this year. That’s according to Rentals.ca’s National Rent Report, which only studied empty units and also forecasted that rents nationwide would increase 6% in 2019. The research shows that renters’ preference remains for newer, lavish units, which typify condo rentals. The primary reason for the double-digit market rental hike …

Real Estate Prices Edge Higher in GTA Markets

The Toronto housing market showed some improvement in home sales this June along with the average selling price. 8,082 homes were sold by Toronto Real Estate Board (TREB) members through the MLS in June; a 17.6% jump from May 2018 and 2.4% more than in June of last year. Policy changes such as the B-20 mortgage guidelines which tightened lending …