So, you’ve heard that renting out a condo is like hitting two birds with one stone – renting out your condo helps you make living on the side, while tenants help you pay out mortgage with monthly rental payments. Sounds like a great opportunity for profit, but unfortunately, things aren’t as simple as they seem! First of all, there are tons of risks associated with tenants. Ideally, you would want good people to occupy the space you own, who take good care of your... [read more]

We won’t be exaggerating if we say that the Toronto condo rental market is extremely competitive. With the vacancy rate down to an astonishing 1%, you will be vying for your dream property against hundreds of other renters. The fact that there are many more renters in Toronto than there are rental units means that you might even have to submit multiple lease applications before finally securing a property. We can tell you from first-hand experience that securing a coveted rental... [read more]

Tired of renting and moving from one condo to another? Thinking it might be a better idea to buy a property, that is if you can afford one in Toronto's red-hot housing market? The debate of renting vs. owning has been raging on for a long time, but there is no right answer. It all depends on your financial health, your requirements, and your circumstances. Is your life stable? Is your job stable? Is your employment stable? A lot of factors determine your real estate decisions. In the... [read more]

Are Utilities Included in Condo Rent? Toronto is one of Canada's most "looked forward to" cities. Its diversity, exciting events, nightlife, and endless opportunities have made the city home to millions. However, with the increase in population, you will also find several maintenance costs on top of the basic price. We all hate paying the bills each month. The inflationary costs add up over time, and with additional fees such as electricity and water bills, it's... [read more]

7 Things to look for when renting an apartment?   Some individuals believe that renting is simply a waste of money while for others it might make sense to rent. Renting might be a wise choice provided you are judicious in your decisions and aware of early symptoms. Some people are content to live in any available location as long as it is within their financial means. But wise renters won't just give in. Even if it's on a lease, it will still be your house. It can be... [read more]