New Rules

June 7, 2019

Tax Relief for Multi-Family Properties

Income Properties with Permits issued after April 2017 will see huge reduction in Taxes for 35 years.

tax savings after new rules on multifamilyA new bill has just been passed by the Ontario Government concerning properties with 2 or more units in them, where the permit was issued after April 2017.

These building owners are about ...

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Nov. 1, 2018

Tenant use of Cannabis in Ontario

tenant use of cannabis in their apartment

This article covers a couple of recent changes that will affect owners and purchasers of income properties.

As you are probably aware, the province of Ontario has recently mandated the use of their leases for all landlords and tenants. Failure to provide the lease, if requested by a tenant, will ...

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April 26, 2018

Ontario’s New Mandatory Residential Lease Agreement

Ontarios New Standard LeaseThe New Ontario Standard Lease

Starting April 30, 2018, Ontario landlords of most private residential rental units – from individual landlords to property management companies – must use the standard lease template for all new leases.

The standard lease uses language that is easy to understand in order to ensure ...

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Feb. 15, 2018

New Standardized Lease Agreement

Want a Copy of the New Standardized Lease Agreement for Ontario, taking effect April 30, 2018?

New Residential lease agreement for Ontario

Last week, the Ontario Government released a new standardized lease agreement for private residential leases which includes; single and semi-detached houses, apartment buildings, rented condos and secondary units.

The landlord is required to provide ...

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Oct. 27, 2017

Ontario Residential Tenancies Act, Recent Changes

There have been some recent changes to the Ontario Residential Tenancies Act under Bill 124

Included in these changes are:

  • Changes to the family reason for Terminating a Lease
  • Expanded rent controls
  • New rules and forms for Evictions and more

It was announced that Rental Controls are now extended to ...

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Posted in New Rules
Oct. 17, 2017

New Mortgage Rules In Effect January 1st 2018!

New Rules In Effect Jan. 1st Will Affect Your Buying Power & Your Ability To Refinance Your Home!

I heard that the new stress test will devalue what someone can afford by 21%. So if one planned to buy a house at $400,000, they may be looking at just ...

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Oct. 8, 2016

New Changes to the Mortgage Rules coming Oct. 17th

What do new mortgage rules mean for a new buyer?

We've had a lot of questions from buyers regarding the new rules that come into effect on October 17th 2016. After this date there will be different rules for qualifying for your mortgage, as well as the amount of ...

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