Toronto Short-Term Rentals (Airbnb)

Wednesday Oct 30th, 2019


Short-term rentals are not legally permitted in Toronto. Regulations for short-term rentals are pending appeal decision by the Local Planning Appeal Tribunal (LPAT).  Once approved by the LPAT, the following short-term rental regulations will come into effect, subject to the results of the hearing. Prospective hosts for popular short-term rental service providers, such as Airbnb, will be given advance notice to submit applications licence/registration so that... [read more]

Toronto Rental Prices are Down � But Not For Everyone

Saturday Aug 29th, 2020


Source: NowToronto.com, Radheyan SimonpillaiAug 29, 2020 Prices for new rental apartment listings went up in July, but the prices for all property types are down across the GTA. A report from TorontoRentals.com says the price for new rental listings for all property types in the GTA was down in July to 8.7 per cent annually. Condo apartment owners asked $260 less, year-over-year, for units hitting the rental market. However, the average price for rental apartments went up 1.7 per... [read more]

Tax Deductions 101: Rental Properties and Income

Wednesday Sep 27th, 2017


Someone asked me about what tax deductions exist for rental properties.  I knew the basics, but as a property investor myself, it was time to find out just how much can be safely deducted without getting in trouble with the taxman.  I’ve been on that side before with Canada Revenue Agency selecting me for a basic tax audit.  It can be time-consuming, stressful, but in the end, not as bad as it seems.  If there’s one piece of advice that you take away from this... [read more]