Canadians Increasingly Renting Rather Than Owning Homes
As the cost associated with owning a home rise (including interest rates), Canadians are turning to renting.
Canadian Rents Hit Three-Year Highs
The average rent (for all property types) has hit a three-year high average of $1,959.00/month.
Stacked Containers Becoming Popular with Tenants
The City of Barrie has a new six-unit affordable housing project made up of shipping containers.
For Some Tenants, the Name of the Game is Survival
Tenants across the country are feeling the sting of inflation and rising rent prices. Survival is the name of the game.
Housing Prices Fall, Rents Rise
TRREB has released data showing that one-bedroom rental in Toronto has increased 20% year-over-year in the second quarter of 2022. Two-bedro
45% of Canadian Tenants Believe They Will Rent for Life
A recent Canadian survey conducted has revealed that 45% of current renters believe they will be renting indefinitely due to the current hou
National Rent Averages 9.5% Spike
The average rent across Canada has spiked 9.5% over the last year. Condominiums are up even higher at 10.5%.
Almost Half of Gen Z and Millennials Living Paycheque-to-Paycheque
Deloitte has done a survey and found that 46% of Gen Z and 47% of millennials are living paycheque-to-paycheque.
Renovations and Capital Expenses
Tax treatment of renovations and repairs on real estate must distinguish between current and capital expenses.
Beware of Rental Scams as Market is Hot
Rental scams are not new, but there seems to be more of them as the rental market heats up.