Most residential landlords would say without hesitation that Ontario’s annual rent increase guideline does not fairly reflect the true cost of operating a residential rental property in Ontario. Is that really true?
The standard form lease tries to be all things to all people and ends up being suitable for no one. Because it tries to be generic enough to fit all tenancy situations, it ends up fitting no tenancy situations.
Unfortunately, due diligence is perhaps best approached with the belief that the vendor is trying to hide something from you. Because of this, it's wise to go in knowing your answer to the following questions.
Ontario’s recent “Rent Fairness Act” continues the brutal, gratuitous, dystopian, anti-landlord legislation meted out by short-sighted, vote-pandering politicians who have persecuted landlords for decades.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.