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Resources

The Housing Crisis (Part 2): Housing Market Concerns

Affordable housing, both for prospective homeowners and renters, is in very short supply across the province. The rise in house prices has been outpacing income increases across Canada in leaps and bounds, with most young Canadians viewing homeownership as a pipedream at this point. The median household income before taxes in Ontario (as of the 2016 census) was $74,260. In the same year, the average Ontario house price was nearly $550,000. The disparity between household income and house prices has only deepened since then, with the average Ontario house price currently at roughly $750,000. The COVID-19 pandemic has further exacerbated the demand for housing across the province, and there is little indication that the market will cool in the short term.

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The Housing Crisis (Part 1): Rental Market Concerns

Affordable housing, both for prospective homeowners and renters, is in very short supply across the province. Rental vacancy rates in major urban centres typically being lower than the recommended “healthy” rate of 3-5%. Households renting long term can carry an unfair stigma that they are less financially stable or are somehow lacking in character if they are unable to afford to buy a house or condo. There is also a misplaced but common concern that the presence of affordable housing in a community will lower property values and/or increase crime rates in the area.

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COVID-19 Implications on New Builds

The COVID-19 pandemic has permanently changed the way we view our daily interactions with each other and our environments. Buildings are currently designed with certain risks in mind, such as smoke, fire, power failures, and flooding. But the pandemic has manifested the need for the future of building design to safeguard public health. Considerations such as contactless interaction, ventilation, moisture control, noise reduction, and adequate space for working from home are all pivotal factors, among others, being considered in the future of building design following the experiences of tenants throughout the pandemic.

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COVID Safe Buildings

The COVID-19 pandemic has permanently altered the way we experience and perceive our environments, with new considerations taking priority in what we expect from property owners and managers. Public health guidelines and city bylaws have been issued and updated regularly throughout the province since the onset of the pandemic, regulating the required measures to be put in place by building operators to keep staff and residents safe.

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Managing Rising Capital Expenditure Costs

A long-term strategic capital expenditure plan should be the first line of defense in ensuring no unforeseen large capital expenses creep up on landlords. Not to be confused with operating expenditures (OpEx) such as wages, taxes, insurance, equipment maintenance, etc., a thorough CapEx plan should include information on assets which provide a long-term benefit to the landlord and tenants, such as structures (foundation, windows, parking lot resurfacing, etc.), equipment (computers, security systems, printers, etc.), and appliances (laundry machines, stoves, refrigerators, etc.).

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2020-2021 Ombudsman Report Outcomes: Accessibility Changes at the Landlord and Tenant Board

In January 2020, the Ontario Ombudsman began an investigation into the extensive delays experienced at the Landlord and Tenant Board (LTB). The Ombudsman had received about 1,200 complaints regarding the issue. The investigation is specifically looking at whether sufficient work is being done by Tribunals Ontario and the Attorney General to mitigate the backlog of cases.

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Utilities & Vital Services: Landlord Responsibilities and Recourse

The RTA specifies that a landlord is responsible for “vital services”, which are defined as cold and hot water, electricity, fuel, heat, and gas. The only exceptions to this rule would be those leases that state that the tenant expressly agrees to obtain these services and maintain them independently of their landlord. If a lease does not specify that a tenant is responsible for utilities, they cannot be made to pay for “vital services”, even if they cause a significant spike in utility charges.

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Landlord Tenant Board Timelines: What to Expect

Residential evictions were suspended on March 19, 2020 by the Ontario Superior Court, due to the impacts of the COVID-19 pandemic. Only urgent evictions due to illegal activity or safety concerns were heard by the Landlord Tenant Board (LTB) at this time, and hearing centres were closed to the public.

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September 1, 2021, Amendments to the Residential Tenancies Act – Part 2: Updates to N12 and N13 Process

Bill 184, the Protecting Tenants and Strengthening Community Housing Act, 2020, had several provisions which took effect on September 1, 2021, amending the Residential Tenancies Act, 2006 (RTA). There are now additional requirements on the landlords’ part to mitigate bad faith N12’s and N13’s, this post discusses the claims for damages available to tenants should a landlord issue either an N12 or N13 in bad faith.

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    about us

    Ontario Apartment Group is a full-service multifamily sales and marketing team dedicated to providing exceptional value and institutional-quality service to buyers and sellers of multifamily properties across Ontario.

    Privacy Policy | Terms of Use
    All data is subject to Errors, Omissions or Revisions and is not warranted.
    Copyright © 2022, Ontario Apartment Group.