renting home in Kitchener-Waterloo
Before to rent a property that you own, you have to know the basics of the rental legislation in Ontario. It is a Residential Tenancies Act. Don’t even start without reading RTA first. If you are a new landlords, my advise would be to get to know other legislative acts besides RTA. What are they, […]
Being a Landlord in Ontario Read More »
Before to rent a property that you own, you have to know the basics of the rental legislation in Ontario. It is a Residential Tenancies Act. Don’t even start without reading RTA first. If you are a new landlords, my advise would be to get to know other lagislative acts besides RTA. What are they?
Residential Rents in Ontario Read More »
Canada Mortgage and Housing Corporation (CMHC) just released Market Outlook 2020 for major Canadian cities. Let’s have a look at our area Kitchener-Cambridge-Waterloo (KCW). Here are the highlights: Seasonally adjusted average prices in Kitchener-Cambridge-Waterloo (KCW) have been climbing since the fourth quarter of 2018; For the next two years (2020-2021) the resale market in KCW
Housing Market Outlook 2020 Read More »
Canada is the third country that legalized marihuana. We have heard lots of discussions regarding it with cons and pros of the parties. Now (since October 17, 2018) it is a reality. Every household in Waterloo region got a flyer regarding our rights and responsibilities in growing, consumption and distribution of cannabis. However, this new
Legalization of Marihuana and Real Estate Read More »
What we should know about coming cannabis legislation? In light of the upcoming cannabis legislation this October many landlords update leasing documents. The main reason is to ensure acceptable standards of property and to avoid conflict among the tenant (if it is a multi-family home). When cannabis becomes legal, its use will be as legal
Coming Cannabis Legislation Read More »
On July 4, 2018 the Government of Ontario announced that residential rent increases between January 1 and December 31, 2019 will be capped at a maximum of 1.8%. As in previous years, any increase exceeding that amount must receive approval from the Landlord and Tenant Board. The annual provincial guideline applies to most rental units that fall under
Ontario sets 2019 Rent Increase at 1.8% Read More »
Interesting information can be found in a new May 2018 CIBC report. Here is synopsis of the report: Every fourth Canadian homeowner is already a landlord. People rent out either their primary residence or their rental properties. Sometimes even both; The average amount they earn in income is $1,287 each month; 72% of homeowners believe
Landlords in Ontario are getting younger Read More »
Current federal legislation will allow inhabitants to grow up to four plants inside their homes starting from July this year. There are concerns that buyers and sellers of residential real estate maybe harmed because of this law. Harvesting cannabis indoors even on a small scale leads to high humidity and temperatures inside. This creates the
OREA marijuana action plan Read More »
Starting April 20, 2018 landlords of most residential rental units (single detached homes, semis, townhouses, apartments in duplexes, triplexes, etc., condo apartments) must use a new residential lease form for all new leases. Relationship between landlords and tenants is still governed by the Ontario Residential Tenancies Act. Then what was the purpose of the new
Ontario’s new residential lease form Read More »