On April 20th 2017, the provincial government of Ontario introduced new legislation known as the Fair Housing Plan. The new housing affordability measures are primarily focused on assisting renters and home-buyers across the province.
With Canada’s real estate market showing signs of stabilization in various cities, possibly and likely due to policy measures on housing by the Canadian government over the last few years, other cities like major cities; Vancouver and Toronto are still showing signs of increasing home prices for houses, condos and apartment rentals.
Looking to break into the Toronto real estate market, but seek more square footage than the typical condo provides? Given the average house price now tops $1.3 million in the city, according to the Toronto Real Estate Board, you better have a significant nest egg if you dream of detached living.
2016 was an unforgettable year, though some may want to try. Through the loss of several music legends, a rise in world-wide violence and a tumultuous political situation south of the border, it’s easy to dismiss last year as a negative. Yes, there were several monumental events that affected life for Canadians, though as many in the Real Estate industry would agree, one of the biggest news stories of 2016 was the continued highs of the Real Estate market.
December 13th 2016 – News Release
Canada’s Largest Real Estate Search Website – RentSeeker.ca released it’s New Updated 2016 Annual Report today showing the;
Average Rent Costs and Vacancy Rates for Apartment Rentals in cities across Canada
September 14th 2016 – RentSeeker.ca – Canada’s Leading Real Estate Listing Website and Apartment Finder, published newly updated rental data in what’s become it’s highly popular [INFOGRAPHIC] format, which has become a popular resource for Renters, Landlords, Economists, and Journalists which shows Average Rent Prices for September 2016 with Data Provided for 20 Canadian Cities.
The Government of Ontario has set the 2017 guideline for rent increases to 1.5 per cent.
The guideline, which is set by the Province of Ontario, outlines the maximum percentage by which landlords can increase a tenant’s rent based on the Ontario Consumer Price Index. The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board.
Canada’s housing and rental markets continue to be a topic of conversation for real estate experts and economists, journalists and media outlets, government officials and the general public.
RentSeeker.ca, Canada’s Leading Real Estate Website and Apartment Finder, has Launched the First Ever LIVE Web-Based Real Estate Panel Discussion featuring Real Estate Professionals, Top Business and Real Estate Journalists and MP’s from across the country to discuss Canada’s Real Estate Market.
While the cost of renting an apartment, condo or house depends on a number of factors – including; size (number of bedrooms), neighbourhood and location, and the age and condition of the property – among other factors, Canada’s leading apartment finder and real estate marketing website, RentSeeker.ca published it’s updated average cost of renting across Ontario for renters and landlords to be able to use as a resource for reference.