renting

renting home in Kitchener-Waterloo

Housing Market Outlook 2020

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 …

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Legalization of Marihuana and Real Estate

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 …

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Coming Cannabis Legislation

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 …

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Ontario sets 2019 Rent Increase at 1.8%

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 …

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Ontario’s new residential lease form

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 …

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