IB (International Baccalaureate) program in the Toronto, Richmond Hill, and Aurora area
Toronto, Richmond Hill, and Aurora areas that offer the IB (International Baccalaureate) program. Choosing the right education and school district is an important factor when purchasing a home, especially since the IB program provides a globally recognized education that offers a competitive academic advantage. For more information about the IB program, click here. The IBDP […]
Rent Control
Rent control is an important system that limits the increase in rental prices for residential properties. Whether or not rent control applies significantly impacts the housing choices of tenants. Housing with Rent Control Rent control applies to properties completed before November 15, 2018. Here, “completion” refers to the transfer of ownership to the buyer, which […]
2024 Ontario Rent Increase Cap of 2.5%: A Guide for Tenants and Landlords
The Ontario provincial government announced on June 17, 2024, that the annual rent increase cap will be limited to 2.5%. This guideline has been welcomed by tenants but met with dissatisfaction from landlords. To raise rent by more than 2.5%, landlords must present valid reasons and improvements to the Landlord and Tenant Board (LTB). To […]
8 Tips to Avoid Rental Scams in Toronto
Avoid Cash Transactions and DepositsIf a landlord asks for a cash rental deposit before showing the property, there’s a 99.99% chance it’s a scam. Especially avoid payments through cash, wire transfers, or Bitcoin. When renting, always ensure you sign a Residential Tenancy Agreement with the landlord before paying any deposit. If a deposit is requested […]
2024 Capital Gains Tax Changes: What Investors Need to Know
As of June 25, 2024, there will be a significant change to the capital gains tax law. The government has decided to increase the capital gains tax rate from the current 50% to 66.67%. While capital gains tax does not apply to primary residences, it will increase substantially for investment properties such as buildings, houses, […]
GST/HST Rebate Guide for Real Estate Purchases in Ontario ($24,000)
If you purchase a condo or home in Ontario as an end-user, the builder will pay the GST/HST rebate of $24,000 on your behalf. However, if the property is purchased as an investment, you will need to pay an additional $24,000 at closing. There is a way to claim this tax back. The most important […]
Landlord Tenant Board
In Ontario, the Landlord and Tenant Board (LTB) is used to resolve issues between landlords and tenants. As a landlord, there are several key forms you should understand and frequently use. Let’s go over a few of them: N1 – Notice of Rent Increase You can raise rent by sending this notice to tenants by […]
