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City of Toronto Approves Implementation of Vacant Home Tax
On December 16 2021, City Council approved implementation of a vacant home tax in Toronto starting in January 2022. How The City of Toronto will Define a Vacant Home The city of Toronto will consider the home vacant if it has been unoccupied for more than six months during the previous calendar year. Exemptions apply:… Read More »
Six Things About Becoming a Landlord In Canada
Thinking about becoming a landlord in Canada? Consider these 6 things 1. Secure Financing Securing financing for a future rental property is important because it will give you the range of prices that you have to work with. There are many ways you can choose finance a rental property purchase including: taking out a… Read More »
10 Tips to Protect Your Home from Water Damage
After today’s rain storm in Toronto we thought it might be a good idea to go over a few ways you as a home owner or landlord can protect your house and property from water damage. 1. Clean gutters of leaves and debris Rainfall on your roof needs a proper channel to exit the roof and by keeping your… Read More »
10 Things You Should Be Prepared for Becoming a Landlord or Homeowner
When you are getting ready to buy a home whether for yourself or as an investment property you should always be prepared for the unexpected. Whether you can do things yourself or you have to hire someone it is always good to know what to do in a situation that requires maintenance or if something… Read More »
What is a Rooming House ?
A typical situation we come across daily is a client who owns a property that is being rented out will entertain renting out the house not just to 1 family but to multiple, unrelated people living and sharing 1 house or a unit within a house. It is important to understand that you must always… Read More »