Tag: investing
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Landlords Offering Free Rent and Other Incentives to Attract Tenants in Canada’s Evolving Rental Market
As Canada’s rental market undergoes significant changes, landlords are increasingly offering incentives such as free rent, complimentary Wi-Fi, and other perks to attract tenants. This trend is particularly evident in major urban centers like Toronto, where competition among property owners has intensified due to rising vacancy rates and an influx of new rental units. The…
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Canada’s Rental Prices Drop: Key Insights from Rentals.ca December 2024 Rent Report
In November 2024, Canada’s residential rental market experienced a notable decline, with asking rents falling to a 15-month low of $2,139. This marks a 1.6% decrease compared to the previous year, following a 1.2% drop in October. Despite this decline, rents in Canada are still higher than two or three years ago, reflecting long-term growth…
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Canada Allocates $50 Million to Crack Down on Airbnbs and Short-Term Rentals
The Canadian government is taking significant steps to address the housing crisis by investing $50 million in the Short-Term Rental Enforcement Fund. With approximately 235,000 short-term rental units, including Airbnbs and Vrbos, operating across the country, this initiative aims to bring non-compliant properties back into the long-term housing market. The Goals of the Short-Term Rental…
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Investors Account for 25% of B.C. Homebuyers: A New StatsCan Analysis
Real estate investors made up approximately one-quarter of homebuyers in British Columbia between 2018 and 2020, according to a newly released analysis by Statistics Canada. This data highlights the significant role investors play in B.C.’s real estate market, particularly in major metropolitan areas like Vancouver, Kelowna, and Victoria. Key Insights from the Statistics Canada Report…
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Federal Government Announces Two-Month GST Holiday to Address Economic “Vibecession”
Canada’s federal government is rolling out a temporary GST holiday to address what Deputy Prime Minister and Minister of Finance Chrystia Freeland has called a “vibecession.” This two-month tax break aims to ease the financial strain on Canadians while boosting consumer confidence. Starting December 14, the goods and services tax (GST) will be removed from…
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Canadian Rents Fall for the First Time in Over Two Years
For the first time since July 2021, Canadian rental prices have experienced a year-over-year decline. The October 2024 Rentals.ca Rent Report shows a 1.2% annual drop in average asking rents across Canada, with the national average now sitting at $2,152. The decline signals a potential shift in Canada’s rental market dynamics, especially in previously high-demand…
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Toronto Home Sales Jump 44% in October as Rate Cuts Draw Buyers Back to the Market
Toronto’s real estate market saw a major upswing in October, with home sales in the Greater Toronto Area (GTA) surging 44.4% year-over-year, according to the Toronto Regional Real Estate Board (TRREB). Industry experts say recent rate cuts by the Bank of Canada have boosted affordability and spurred buyers to return to the market, especially as…
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Top 5 Ontario Cities for Real Estate Investment in 2024
The Ontario housing market continues to offer a wide array of opportunities for real estate investors in 2024. Whether you’re looking for rental income, property appreciation, or a balance of both, these five cities are some of the top picks for investors this year based on growth trends, affordability, and economic prospects. 1. Ottawa As…
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Average Rent for a 2-Bedroom Apartment in Toronto Could Soar to $5,600 by 2032
Toronto’s rental market is set for a significant price surge, with predictions pointing to a staggering 72% increase in rent by 2032. A recent study from Concordia University forecasts that average two-bedroom rents in Toronto could reach $5,600 per month by 2032, a sharp rise from the current rates. In the nearer future, rents are…
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How much it costs to rent in Canadian cities right now
Rentals.ca just launched their October 2024 Rent Report and here’s everything you need to know. In September 2024, average asking rents across Canada for all residential property types saw a modest 2.1% increase year-over-year, reaching $2,193. This marks the smallest annual rent increase since October 2021, highlighting a slowdown in the rapid rent growth we’ve…
