New Rules

Dec. 2, 2022

City of Ottawa New Vacant Unit Tax

Is this a New Tax or an Unfair Tax Grab by the City?

The City of Ottawa has started sending out letters to homeowners concerning the new "Vacant Unit Tax". If your home is vacant for a good part of the year, you have to pay the City of Ottawa ...

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Oct. 27, 2022

Kiss R1 Zoning Goodbye in Ottawa

Provincial Intensification Legislation Bill 23, known as the "More Homes Built Faster Act"

I’m in favour of intensification but it needs a rifle approach not a shotgun approach which is being legislated in Ontario.

• Since the Liberals came into power in 2015 immigration increased to over 400,000 with ...

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Posted in New Rules, Zoning
Aug. 9, 2022

New Ottawa Vacant Unit Tax

What will Landlords in Ottawa think about this new tax?

If you own any multifamily buildings in Ottawa, or if you are looking to buy any type of investment property, you should be aware of this new tax that is coming in 2023.

new tax for vacant apartments

The City of Ottawa Vacant Unit Tax ...

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April 14, 2021

Mortgage Market, Rates and Stress Test changes, April 2021

Mortgage Market Update and News about the Qualifying Stress Test rate increase

Eric Fabien from OttawaMortgaeShop.com gives us an update regarding the new stress test for qualifying for a mortgage, as well as giving us the current rates for a variable and fixed rate mortgage.

  • Variable Rate Mortgage Today ...
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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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