Things to Consider Before Becoming a Landlord in Toronto

 

Becoming a landlord in Toronto can be a lucrative investment opportunity, but it's important to approach it with careful consideration and awareness of the unique challenges and responsibilities that come with it. Before diving into the world of real estate investment and rental properties, there are several crucial factors you should keep in mind. In this comprehensive guide, we will explore the things you need to consider before becoming a landlord in Toronto and provide valuable insights to help you make informed decisions.

 

1. Understanding the Toronto Rental Market

To start your journey as a landlord, it's essential to gain a deep understanding of the Toronto rental market.…

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Making Sense of June 2023’s Toronto Housing Market Trends

 

Navigating the real estate terrain can seem daunting, especially when confronted with ever-changing market trends. In June 2023, the Greater Toronto Area (GTA) experienced intriguing shifts in its real estate scenario. Let's delve a bit deeper into each point:

 

Soaring Home Sales: In June 2023, there was a substantial 16.5% increase in home sales compared to the previous year. This rise indicates a robust demand for properties in the GTA, reflecting the region's desirability and the confidence buyers have in the market's long-term stability. This trend could mean the timing is ideal for sellers considering putting their homes on the market.

 

Inventory Squeeze: Despite the…

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