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Landlords & Condos vs. Airbnb

Thursday Mar 23rd, 2017

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The evolution of technology has positively changed the way businesses operate as well as how we live our daily life - but it can also operate as a double-edged sword. From an owner's perspective, Airbnb can be great. Short-term rentals can be profitable each time you host but what happens when you find out your tenant is listing your condo unit without your permission? In major metropolitan cities like Toronto, it is becoming increasingly common. Each condo corporation varies in their... [read more]

CMHC Increasing Mortgage Insurance Premiums

Wednesday Jan 18th, 2017

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Effective March 17, 2017, Canada's federal housing agency will be increasing the cost of mortgage loan insurance for homebuyers as part of new regulatory requirements to offset risks in Canada's hot real estate markets, particularly Toronto and Vancouver. It is an attempt to slow down the appreciation of homes by making it more difficult to enter the real estate market. CMHC says the new premium changes are calculated based on the loan-to-value ratio of the mortgage being... [read more]

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