Tag: rental
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Website lets you search bad tenants and landlords in Ontario
What Is Openroom? A Crowdsourced Database Changing Ontario’s Rental Landscape In an era where transparency and accountability in the rental industry are more critical than ever, Openroom has emerged as a powerful tool for landlords and tenants alike. Originally developed in late 2022 by a multidisciplinary team of software engineers, operations experts, and rental industry…
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Toronto rental prices have reached the lowest in almost 2 years.
If you’re looking to rent in Toronto, there’s some good news amid the rising cost of living. The average rental prices in the city have slid to a 22-month low as of June, according to recent data from Urbanation and Rentals.ca. This trend offers a glimmer of hope for prospective renters in Canada’s largest and…
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How much it costs to rent in Canadian cities – April 2024
Canada’s Rental Market Overview: Price Trends Across Major Cities The rental landscape in Canada continues to witness fluctuations in pricing, shaped by various economic forces. According to the latest data from Urbanation and Rentals.ca, the average rent for all residential properties in Canada was pegged at $2,181, marking an 8.8% increase from the previous year.…
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Is Your Toronto Rental Legit? How to Spot Scams Before You Sign the Lease
Navigating the rental market in Toronto can be fraught with challenges, not the least of which is the prevalence of rental scams that target unsuspecting tenants. These scams can vary widely in sophistication and audacity, but all share the same goal: to part you from your money under false pretenses. This guide will equip you…
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Canada to put a cap on temporary residents for the first time
In a significant policy shift, Prime Minister Justin Trudeau’s administration is set to introduce caps on temporary residents entering Canada for the first time this fall, aiming to address the country’s housing crisis and mitigate inflation. Presently, temporary residents, including students, asylum seekers, and temporary workers, comprise approximately 2.5 million individuals or about 6.2% of…
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You need to make $214k/ year to afford an average home in Toronto according to a new study
Achieving home ownership remains a significant milestone for many individuals, yet the reality of purchasing a home in Canada is becoming increasingly difficult due to rising prices, particularly in metropolitan areas such as Toronto. A study by Ratehub.ca offers insights into the required income for home ownership in various Canadian cities as of February 2024,…
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Toronto is now the 2nd most expensive city to rent in Canada
Toronto has recently risen to become the second most expensive city for renters in Canada, trailing only behind Vancouver. Despite slight decreases in the average rental prices for one- and two-bedroom apartments in Toronto compared to the previous month and year, the city has managed to surpass Burnaby, B.C., in terms of rental costs, amidst…
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Someone is renting a bunk bed in Toronto and calling it a “prestigious accommodation”
Toronto’s rental market is showing signs of easing prices, but a new trend is emerging among landlords. They’re getting creative, and sometimes controversial, by turning unlikely spaces into “bedrooms” to attract those watching their wallets. From beds in kitchens to mattresses on staircases, social media is abuzz with these unusual rental options. One such listing…
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New website lets you search bad tenants and landlords in Ontario
In the dynamic Ontario rental market, making well-informed decisions has become crucial for both landlords and tenants. Addressing this need, Openroom, a pioneering platform, offers a unique registry that allows users to access court orders and make informed choices before signing rental agreements. This innovative tool is reshaping the rental landscape in Ontario, providing unprecedented…
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$350/month rent gets you a single bed in the middle of a kitchen in Brampton
Rent prices in and around Toronto and the GTA have experienced some fluctuations in recent months. While affordability for residents may not have significantly improved, there have been some unique options popping up to save money. A recent listing in Brampton has been gaining attention, offering a room at the modest price of $350. This…
Canada Housing Market 