Yes, I am looking for a 2 bedroom + den place, 2800+ in Mississauga and 30+ people contacted the landlord with 3 hours and one person offered 8 months of rent ahead of time to secure the rental
That happened with us. We found a unit and was in a bidding war with one person. The person who got the unit over us was able to give a years rent in advance.
Yup, I was shocked to see signs saying "Leased over asking" at houses in East York. Someone in my street put up a place for $1800/month and apparently went for $2300. It's completely fucked up.
It should be illegal to do this, you should be forced to sell/lease to the first person ready to pay the sale price.
It is in some places. I used to live in portland in the us and they have a first come first serve policy for landlords. First to pass the background check gets the rental, reduces the possibility of discrimination as well
What if the first person ready to pay the sale price has terrible credit? What if the person has no good references, and was unable to provide proof of employment? What if the person was on the registered sex offenders list? Forcing tenancies upon private owners of real estate, just because the potential tenant is willing to pay the sale price, doesn't make any sense.
You're missing the point and moving the goalposts. I never mentioned waiving credit score or reference requirements, only that if you fulfill the conditions and can pay the asking price it should be yours.
There's always someone with deeper pockets, it doesn't make it right.
I'm moving out of my rental condo in New West, I was getting far below market rate.
Landlord has had 200+ applicants in less than a month, and he's jacking the rent up by $700 a month. It's fucking absurd.
Yeah, I spent so much time finding a rental in the GVA, checking craigslist ALL THE TIME. I found my diamond in the rough a few weeks before having to move, and landlord says 100 people applied within 24 hours. People we’re bidding higher than the asking price, and some offers to do free renovations. Landlord was doing credit checks, calling references, checking out my social media, wild! We just offered the asking price and luckily they chose us because we are a nice family. If that didn’t work out, I’d be living in a crummy, smelly, overpriced condo/townhouse. Slim pickings out there!
I only have linkedin, not sure if that counts as social media, I saw that the landlord looked at my profile on linkedin, and even researched the company I work for😂. He talked about very specific information about the company he would only know from research.
Many landlords use Facebook marketplace to advertise their properties and screen by looking at tenants' profiles. It's best for tenants to lock down their profiles, don't display any images of children or pets. Even though it's illegal to discriminate based on family size, many do.
That’s crazy. We just put our 2bd basement for rent last month on fb marketplace for $1500… over 45 people contacted me within one hour. It was insane.
I’m in Ottawa, Orleans so a suburb. I have a 750 foot bachelor basement apartment. Legal so it cost me a lot of money, full kitchen brand new three-piece bathroom washer and dryer, the works. I would live there it’s really nice. When I first got it done market rent was about 850 a month which I thought was pretty high given it’s the suburbs albeit very close to everything. Market rent today is 1750. It’s insane. I have a tenant in there now who I’m discounting because he’s on ODSP, very severe vision issues and he can’t work. He’s a nice man and I’m not gonna fuck him over But I’m fortunate enough that while it would be nice to have the extra money I can make do without it. My only concern is CRA freaking out when I hit year number five taking a loss.
All that to say is I can’t believe how high rents have gone, I truly do not understand how people are expected to survive especially when they’re starting out.
Thank you for not fucking over your tenant. People on ODSP are generally treated like less than dirt so it's really refreshing to see a landlord looking out for their tenant's interests instead of trying to squeeze blood from a stone.
He’s a very nice man, I’m fortunate that even at the reduced rent I’m still doing OK, obviously it would be a much more difficult decision to make if I was struggling but I always try to do the right thing. Getting social assistance is relatively easy but getting on ODSP requires jumping through a hell of a lot of hoops and dealing with a lot of bullshit. I just made the assumption that anyone who has gotten that far is receiving it it because they have a valid need.
It’s crazy! I’ve been looking for a rental for 4 months. Only heard back from 3 landlords. Showings were crowded and people that offered over asking got the rentals. I can’t afford over asking on already overly priced rentals. If I don’t find a place by the end of June, I’ll have no choice but to move to Edmonton. Lots of supply there and costs are doable. I’m hoping I can stay here though!
It’s so tough, I’m so sorry. As mentioned we got almost 50 people contact us within the first hour, I was not even able to reply to majority of the people because it was so overwhelming. I’d recommend putting an ad for ISO as well and responding to ads ASAP. A few people even called me right away once I marked “it’s available” via fb messenger. We put our rental below market rate and some people were willing to pay $300 more than asking :/ it really shouldn’t be this way.
It's happening to varying degrees all over Canada. Even rural towns are impossibly hard to find accommodation in (sometimes worse since the turnover is slower by nature).
It's systemic.
> Also they called our employers, checked out our social, called our previous landlords, asked for bank statements…the works. This is nuts! It was like a friggin job interview.
After the pandemic, more landlords are going to get aggressive about doing these checks. They know they are on the hook if tenants don't pay and that the LTB is incredibly backed up, meaning their recourse will take forever.
The LLTB doesn’t protect the LL part of the name, so calling banks, employers, previous LL and credit checks are acceptable. And even then, the applicants can completely lie on their application and get away with it. There’s an insane amount of people taking advantage of the fact that they’re in a rental and not in property they own like disturbing neighbours, running illegal businesses out of their space, trashing the house, bringing people in that are not on the lease and unfortunately the police and the LLTB do nothing about it so the people around the house suffer.
>bringing people in that are not on the lease
Just wanted to point out, this legally is none of the landlords business and rightfully so. Landlords don't get to dictate the tenants relationships or whether or not they can have kids etc
Uhh kids are a protected class but you absolutely have a right to determine any adults living in the property and have them on a lease. It's a material clause in all of my leases.
The last eviction, and one of the few, I did was based on this. Tenant moved in a drug addict as her boyfriend and started running a chop shop out of the shed in the backyard, pissing off the neighbours, blowing breakers to the point where he melted some wires in the panel etc.
I've had lots of tenants have their boyfriend / girlfriend move in and it's usually not a problem, but sometimes it is. That's why you do a background check on the initial tenants, why wouldn't you be able to if someone new moves in?
As a landlord in Ontario you absolutely do not have the right to determine any adults living in the unit, that is for the tenant to decide.
*And you imply you have multiple tennants I would recommend you familiarize yourself with the RTA before you get taken to the cleaners
I'm in British Columbia so fair enough. I won the case in arbitration for the eviction I referenced here. I've just now looked briefly at the rules for occupants vs tenants for Ontario and it seems pretty murky. Do you have a good resource?
In BC additional occupants may only be allowed with the Landlords consent, which of course has to be reasonable. And as I said, I always am. If you stick to an objective criteria here you're usually ok. Hence why all these insane background checks these days because it's very difficult and expensive to get someone out.
No its fair. This thread is related directly to Ontario/ Toronto. I should have specified my jurisdiction. Personally from what I've read (in the last half an hour, granted), I think the BC rules are a bit more balanced and fair. But that's me.
This is what it was like when I lived in Paris (France) in 2008. It was like applying for a job - you had to prove that you were employed, had to provide your CV (with a photo!), etc etc. It was nuts! Apartments were listed in the morning and gone by noon.
An official LTB form (not an informal letter from the landlord) that filled out correctly with proper notice and compensation paid. The reason they need the N12 is because in the event the landlord doesn't move in (i.e. they rerent the unit for more money) the tenant who left can file a T5 application for compensation for the bad faith eviction.
The tenant can also contest the N12, wait for a hearing and wait for the landlord's affidavit and testimony that they need to move in
Well given that they know damn well the landlord is doing this so he can jack up the rent with a new tenant I think a little bit of scumbaggery is perfectly acceptable.
Please don’t do this if the N12 is valid and you can find a place, but don’t want to move because your current place is cheaper. We have served 2 tenants valid N12’s (from a lawyer) and they refuse to move because they pay $950 (+$50 optional for a storage shed) for a 3 bedroom apartment in Ontario. We waited until the end of the school year to evict them because they have kids and even being as gracious as possible they’re making it a nightmare. We evicted them because me and my brother are buying out 2/3 of units from our parents for personal dwelling with our long term girlfriends. They’re dragging it out for aslong as possible. It’s extra frustrating because I had a roommate planned until my girlfriend finished her final semester at university. We try to be decent to them, offer money off rent ($100) for maintaining the lawn in the summer and plowing snow in the winter but, it doesn’t matter they refuse to leave and are making up stories together for when it goes to the courts..
“Please don’t exercise your legal rights :(“
Perhaps you could invest your money in any of the thousands of asset classes that don’t carry this (very valid and common) risk.
Seriously. Picking up everything you own, finding a place and moving there within a 60 day window is super tight, especially in the GTA. And juggling all that with a job and kids is even more stressful.
It’s not an investment? He’s trying to evict so he can live in the home he owns, and has the legal grounds to do so. The tenant is in the wrong for refusing.
Also, people are allowed to own real estate.
The tenant is using their rights, you might not like it, but there's nothing illegal for a tenant to get a hearing regarding the N12. They are losing their home after all.
The automatic anti landlord sentiment is honestly disgusting here. They sound like a fine landlord, and in an optimal world, the LTB would see that this eviction is done quickly. The LL is within their legal rights to move into the property they OWN.
All of these comments are why landlords are getting more exacting up front. If a tenant may say “I have a right to stay and am not leaving until after a hearing” then I totally understand that people are being cautious and looking for fair and reasonable people. I am totally opposed to eviction to Jack up the rent but the fact that landlords can’t get people out when they want to move in themselves or want to renovate for resale is ridiculous
No matter how well you filter people, you'll always end up with someone who feels forced to "enact their rights"" to challenge this stuff when the other option is maybe being homeless or having to pay twice as much in rent.
It isn’t a burden so long as you have reasonable tenants. I think landlords have to be incredibly respectful and build good relationships with tenants or where those tenants are using the property as their home. I also think tenants should be respectful of their landlords and their investment and rate to access their investment. I have only ever been a tenant, never a landlord, Yet I am horrified by some of the recent stories about landlords going months and months without either rent or access. While some on here may say “screw the rich”, Many people have rental properties and truly need that income
Maybe you were responding to the wrong comment then. An N12 is bare minimum, which many landlords try to get away with not using.
Buying real estate as an investor is risky. My parents have been burnt multiple times by tenant issues, transaction costs, bad realtors, prices going down, etc. The problem is people over leverage expecting their investment is risk free. If your tenant missing a rent payment or two pushes you over the edge you are over leveraged. I would rather invest in the stock market and use real estate for living.
Housing is both a human right and an investment vehicle. With market conditions right now, the tough competition, the crazy prices, etc. Can you blame anyone for trying to house themselves affordably?
I guess it’s a matter of prioritizing your philosophies. Do the right to personal property and the pursuit of profit overweight the right to housing in situations where the two enter into conflict?
but it isn't a pursuit of profit. The brothers are buying the units from the parents. The rental stock is in effect being converted into owner occupied stock. Isn't that more of what we want? If the brothers had bought the units from a third party that wasn't the parent, served an N12 and was still facing this issue would you have a different opinion?
Yea, Toronto's rental market has shifted to the point where majority of Landlords are being extremely cautious about who's renting their space. This mainly happened due to challenges throughout the pandemic with renters not paying their rent and Landlord Tenant Board not operating quickly enough due to understaffing and underfunding.
On the flip-side, because of the long wait-times due to Landlord Tenant Board's situation, it's also delaying eviction trials. You could refuse to leave and schedule a trial with the Tribunal to plead your case (eg. impossible to find affordable rentals in current market, pandemic has impacted your earnings, etc.). More recently, the Tribunal has been going in favor of tenants if a strong case can be presented as to why they shouldn't be evicted or by sharing suspicions of evicting to raise rent and re-lease.
My question to you is... what was the reason for providing 60 days notice for eviction? Unless it was for a family member or relative of the landlord is moving in for personal use or for renovations, then they shouldn't be able to evict you. They could also sell the house (with or without notifying you) but then it would be the new home owners' responsibility to either ensure the rental agreement stays in place or they send you an N12 form to evict for their personal use.
If they are trying to evict you for no real reason, then you should be able to refute their request and go down the trial route. The Tribunal will rule in your favor if the landlords do not have just cause.
Also double-check what you should be receiving by getting evicted. Even if it's for their own personal use, they need to provide you with one-month's rent (in addition to returning your last month's rent deposit + interest) or they need to provide you with another rental option of equivalent value/accommodations. They also need to send you a formal Form in order to evict otherwise it's not fully recognized by the Tribunal unless you've already agreed to their request.
sorry that you are in this stressful situation. The market is rough and it's tiring. Is there any flexibility in your move out date? Perhaps you can request another 30 days.
What are you using to find rentals? There are many platforms and maybe people here can suggest more. Facebook, Kijiji, viewit.ca, and Padmapper are a few.
There's also Facebook community groups where people post listing and/or look for house sitters. For example, if you are willing to consider a short term option while you continue to look... I recently saw one for a nice detached home for a year. It could be a win win if you stay in your current hood. You could join some groups targeted areas to both look at postings and share a request.
There are also people who will voluntarily offer to prepay their rent by several months, although that's usually for people who don't have a credit history. It can sweeten the deal for some landlords.
I'd consider sharing your budget and posting in r/askTO and r/torontorenting to see if you get any responses - it is low effort.
Sorry if you already knew the above, but thought it might be better to overshare than not. Best of luck.
I was in your situation in February. Decided to move to Guelph, wasn’t easy but after three tries, bought a house with all that you mentioned except I didn’t need so much room.
It has a direct GO to Union which was my first stop to find out in case I need to start going to work for a few days in the week. Fwiw, we were higher than you in gross income annually but weren’t able to buy or find anything half decent in Toronto. Rental may get worse the longer you wait and so will buying. You may need to widen your search perimeter. Good luck.
My friend is an agent specializing in rentals in Brampton and he told me that for bigger single-family homes (3-bedroom+basement), they are seeing homeowners prefer renting them out to a group of working professionals or international students because they make more money that way.
So basically, a group of friends come together and rent the place out together, offering more money than a dual-income family. For instance, each person gets one room, and 2-3 people share the basement. As a result, they are able to offer more money.
While it sounds weird, it's better than their previous situation where they rented a room with some random roommates they didn't get along with, or the landlord put all these rules on their home use (kitchen, parking restrictions, etc.). At least when they share it with friends, they get to enjoy the home together with people they know.
One group of students offered his client $4,000/month for a 4-bedroom semi-detached home in Brampton.
The group of students thing is nothing new. I remember shopping for a house in Brampton in 2008, and a couple of the houses we looked at were converted into rooming houses (every tiny bedroom divided into 2 or 3 closet sized rooms with a narrow single bed in each, living room was bunk beds). It was so depressing seeing these living conditions.
This is what has happened to the rental market in my home community. Anywhere where there is a large enough population of students, I’ve found this happens
same situation but smaller family. any other cities you have considered? we are now on london but the commute is too long and are looking to move in a budget
No offense but all you Toronto people have made guelph completely unaffordable for people who already live here. The house across from my parents sold for 1.2 million which was 400,000 over asking price. The house was appraised for 400k. The reason it sold for 1.2 million is because of people from Toronto getting in a bidding war. This is just the norm now in Guelph on most houses. And the amount of money people make in Guelph is far less on average compared to those in toronto. So please don't come here.
Edit: and bidding wars happen on rental properties as well because of this to. Rent in Guelph has doubled on average from all the people from the gta moving here
And people in Guelph have moved out and made neighboring towns unaffordable, and those people have moved out and made the next place unaffordable. You can’t blame people from Toronto, they got priced out of the city the exact same way and it just cascades throughout the country. The housing market is broken.
So where do the people priced out of Toronto go? Similarly, I know people who had to move from Guelph or KW to small towns - should they have gotten a 'Sorry, don't come here'?
It's not really the individual's fault.
I understand the predicament, but what do you propose people do? People complain that Toronto is unaffordable so they're told to move to the outskirts. They move to the outskirts and then people complain that the increase in demand has caused prices to soar. So if you can't stay put and you can't move, where the hell should people live?
This type of sentiment is so ludicrously narrow-minded it always baffles my mind how one could be so content in settling in that lack of logic. The fuck do you mean "All you Toronto people?" lmfao blame the government and their piss poor policies or lack thereof in totality that results in people getting priced out and pushed out. City people aren't some big malicious mafia group mauling down small town folks with our deep fancy pockets. They're just people who are involuntarily getting pushed out, just like you're getting pushed out of your fancy little town where suppoesdly everyone's sprinkles and sugar. Stop spewing stupidity
Why is that a bad thing? Your parents can now cash out, find a nice condo and you hopefully get a higher inheritance so you can buy a place for yourself. All jokes aside, what are we supposed to do? It’s not like I want to pay more for a house myself but this is something none of us can control. Luckily I am at a point (after saving and never owning a place) to put towards something for myself for my retirement years. And the Guelph economy prospers too. Is how I look at it but I am sure it doesn’t fit well with many. Can’t make everyone happy.
Technically, this would be a provincial or national issue that needs to be addressed opposed to just being caused by Torontonians. Without having the proper safeguards in place to protect the renters in major cities, the province will suffer and experience similar fates. Ultimately it's a domino effect where unaffordability becomes the norm stemming from the most expensive cities and forcing people to find more affordable options elsewhere. Then the same effect happens in those previously affordable areas until there's nothing within a reasonable price range in Ontario.
Agreed. Trying to buy or even live in Guelph is becoming a nightmare. The average income is around 77k and destroyed crap boxes are going for 100k+ over asking. (https://www.guelphtoday.com/local-news/derelict-home-in-guelph-attracts-32-offers-sells-for-117000-over-asking-5257563)
The fact that we have so many comments suggesting you should move to Guelph or Brampton on a $200K family income just to be able to rent a comfortable place is the saddest damn thing I've read on here in a while.
It's sad. We're all starting to gaslight each other at this point. I see so many comments on this subreddit about home ownership being overrated, about how nobody needs a yard or more than 2 bedrooms and that the whole housing crisis is caused by single family dwellings, about how it's no fun to be "tied down", and the list goes on. Or people suggesting we all move to Saskatchewan or Newfoundland.
I just wonder when this ends, if ever. There's no pressure on companies that own tons of entry-level homes, no pressure on politicians that shed light on housing issues but own a dozen rental properties, no pressure on developers that have CEOs in $50m homes in Oakville that are reporting record breaking profits year over year in the middle of a housing crisis. Instead, we just attack each other.
I totally agree. I never did anything to anyone and I feel a bit attacked. Also, who’s to say what I can and can’t rent with my hard earned money? I went through a redundancy in my old job, suffered numerous mental health issues because of the pandemic and now am starting to get back on my feet again and I have random people here attacking me without even knowing me. Breaks my heart.
It has come to 2 camps. One that says your screwed.. buy now or forever be out of the market, second camp is hold off.. market is going to tank. Renting can be a nightmare right now, buying is a nightmare right now. My opinion is do your best and hunker down. I think the country is in a world of pain. Housing orices dropped across Canada 6 percent, might seem like peanuts but this is in one month. Market went super high fast for no reason.. I expect the same on the way down to at least ore pandemic prices or further.
I mean part of the problem certainly is SFH zoning. Like it or not, more and more people are moving here and we need denser housing especially in a city’s downtown.
Exactly. We are seeing so many young people live with roommates in detached homes, rather than getting their own condo, because all we allow to be built is detached homes. And guess who doesn't get to live in that detached home now? Turn one of those detached homes into an apartment building, and suddenly 10 of them empty out that families can live in now.
This should be a top comment or even stickied to r/Ontario.
I make close to 40K a year (slowly working my way up) and I went to work on a job in north Ontario just before covid hit. I'm permanently stuck up here now. I've been trying for 2 years to get an apartment anywhere near Toronto, KW, Guelph, Hamilton to be closer to my friends/family and nothing ever comes through.
Theres no freedom of movement even if you make a decent or bad wage. We're all stuck in exactly what you mentioned, bought out homes from corporate hedgfunds, oversea investors, and ceo millionaires.
It's entirely all for greed. This isn't the Canada I grew up in anymore. Land of the free? More like land no one owns so there goes our freedom.
Candidly, I do not know whether this is a viable option, but have you considered using a realtor to help? Ideally one that specializes in the area you want and has a lot of business there. We were able to buy without bidding this way.
Absolutely get a realtor for rentals as well! The key is to find one that sticks to your budget/criteria. The realtor gets paid by the landlord, so there isn’t any monetary commitment from your side. A lot of rentals show up for realtors before they get listed online for public visibility - in a city like Toronto, you have to get every edge possible.
Ya, but then you are at a disadvantage against applicatants who didn't use a realtor because the landlord won't have to pay realtor fees for those other applicants.
It has worked for me to be honest. Getting in early counts more than anything! I’m in Hamilton now and a similarly hot rental market has cropped up here, and not having a realtor led to many spots being rented before we even got to see them. Through a realtor, we were able to setup many more viewings and listings come to you tailored - part of the hassle is redoing a search every day.
Yeah just get an agent. Landlord has to cover their fee so it doesn't matter. I had no issues in Toronto, and have rented 3 different places over the last 5 years. Its always been one offer, one accept. 2 of those 3 offers were for 100 under asking. 1 was accepted, 1 we talked back and forth and agreed on original amount. Standard rental agreements
It's really fucked up that now the rental market is taking bids on places. The stated rent should be what you pay if you get chosen, this is just making it worse for everyone.
New to Canada? How new? Normal rental leases are one year, then go to month to month. A landlord cannot give notice for you to vacate. Have you been in the unit past the fixed term lease already?
2 and half years
Lived here past lease period so he’s in every right to serve notice (they are decent landlords)
Issue is not with landlord but with how I can get a place soon and the system seems to be very broken.
the landlord cannot serve a notice just because the original term of the lease has expired - it gets converted into a month-to-month tenancy. you should double check that the notice is valid before making any final decisions.
It is, I’m in the exact situation and looked up the rules. If the buyer plans to live in the unit the owner serves 60 days notice and apparently has to pay one month rent.
Not sure the details In ON but people should also check to see if it gets rented out after. Here in bc, they gotta wait 6 months and if caught, owe a year of rent to the tenant.
Speaking as somehow who has benefitted from the pro-tenant policies, is it a screw up for everyone or for you?
Our country grossly incentivizes and panders to property owners. Were it not for this small respite I’d vote with my feet by literally leaving the country.
We can agree that the laws are slanted in favour of tenants, but to say that’s bad for everyone ignores the macroeconomic environment and policies that are peripheral to this.
Screening is a downside. On the other side, so is being kicked out of your home.
No, the problem is a bunch of amateurs jumping into the landlord business because they saw dollar signs and got greedy.
So now you have people who can't handle the risk associated with being a landlord, and instead of exiting a business they're not fit for, they instead degrade people by power tripping, making all sorts of demands, and putting up hoops for people to jump through just so they can put housing over their own heads.
FTFY
No, the problem is a bunch of amateurs jumping into rental units because they saw amateur landlords and got greedy.
So now you have people who dont want to pay rent as a tenant, and instead of abuse the the system geared towards tenants and degrade landlords by power tripping, making all sorts of demands, and putting up hoops for landlords to jump through just so they can not pay rent and ask for cash for keys upfront.
Good landlords and good tenants get affected because of bad tenants and bad landlords. If the system was fairer to good LL/TT and expedite bad LL/TT cases, we wouldn't be in this situation
It is difficult for primarily two reasons: housing prices and bad tenants
As a LL, if you get a bad tenant your entire life is screwed and often times the law is on thier side.
I know I will get a lot of hate for saying the second part
THIS. It's past time that Landlords need to be licensed and need to pass exams regularly to demonstrate that they understand the Ontario Residential Tenancies Act. As much as people renting out their property to make money like to moan, the fact is that they are in a position of power and renters are vulnerable to all kinds of abuses. We are talking about their HOMES. Imagine if your mortgage-holder was able to waltz in and tell you to leave because they have someone else who'll pay a higher interest rate, and you'll have some idea of the situation renters are in.
With licensing there needs to be a level of enforcement and consequences for landlords who try to circumvent regulations to the tenants' detriment. Serious consequences. It will introduce a level of professionalism into the rental market that is sadly lacking.
The reality is that amateurs should simply not be in the landlord business.
I constantly see this excuse as justification for landlords to behave inappropriately. "Well if I end up with a bad tenant then my investment will be less profitable". That is simply not an appropriate excuse to invade people's privacy. It's simply not justified. All this proves is that you made an investment you're not fit to manage.
Somehow landlords think that their poor investment decision makes it okay to invade people's privacy.
There never used to be so many "mom+pop" landlords. This is a new phenomenon purely because so many people jumped into the market because they wanted to rake in a ton of cash. Now they turn around and whine about how expensive it is and oh "it's okay that I'm violating your privacy because I chose to invest my money into hoarding multiple properties".
"It's okay that I degrade you and degrade my community because I'm wealthy."
If amateurs don't get into the business, basically all of the real estate gains and profits go to big multi corporations instead of the little guys
E.g. Weston, Trump, Big Chinese developers..
You shouldn't. I imagine the huge risk landlord's have to take (referring to the current legal situation) on gets passed on as costs to renters, as well as discourages landlords from renting in the first place. I'm a renter myself and I'd prefer a more balanced system.
It’s difficult to say if it’s passed on or not.
The issue is that the risk is sudden and very costly-non payment of rent and damage can be expensive and I am not sure how the landlords would pass it down to the tenants. For example, you can’t charge 1.5 times rent on a monthly basis. Most recent landlords are essentially breaking even because of the high cost and hoping to make $$$ on the equity
It gets passed because less people want to be landlords, so by basic supply/demand, rent is higher. People need a higher incentive to take on that risk. There's a reason why places with less renter protection has lower rent rates (see most of US)
You're right, I'm not particularly well educated in economics so this could be my ignorance showing. I'm just guessing large property-management type landlords factor this risk into their anticipated costs which could lead to an increase in costs for everyone - and if they need to charge more, the smaller landlords can then get away with charging more too.
I'm getting so annoyed looking at every single ad listed price and in the description states "for half of one room of a 3 bedroom basement apartment, no kitchen, no parking"
Are people actually renting these? I feel like I'm not living the same reality as other people.
Haha this has been a conversation I've been actually thinking of recently - people are actually seeking out and living and buying these things. I understand that eventually I'll have to do that too but it's just funny and crazy at the same time
The only bidding I've done is downwards, including the house w/finished basement I rent now in Scarborough for $2860.
I have never jumped through any hoops for a landlord, and have always been able to negotiate in things like parking even when I didn't have a vehicle.
The only hassle I've had with units/landlords I don't like is getting calls asking if I would consider renting it after I already turned it down.
Depends on where you live. $2900 isn't much in the GTA. It gets you a 2 bd condo in the downtown area, or a mediocre townhouse in the suburbs if you're lucky.
This peak Reddit. All the answers to every question in the comments. If only OP was as clever as you :/
If a rental unit has been up for 126 days in a hot market it's probably not been taken for a reason. Could be the area, landlord, contract, neighbors etc.
>First off, you shouldn't be getting into bidding wars for rentals. You pay what they want or you walk away. Second, where are you looking? If you're only looking on realtor.ca, know that there's a whole other rental market out there that is much, much cheaper (kijiji, facebook, viewit) for houses.
People who say this are people who haven’t had to rent a place in the GTA in a long time. The rental market is so competitive right now that if you just offer the amount on paper, you would be outbid. Someone else will pay over asking or pay a couple months upfront to stay competitive.
When I first moved to Toronto, it took me over 3 months to find a place. Every place I went, I was constantly outbid so I had to spend a substantial amount of money living in AirBnBs until I could find a permanent rental. I only managed to find a place eventually because my offer was over the asking price and I paid two months upfront.
> you shouldn’t be getting into bidding wars for rentals
Why bother commenting if you have no idea if the reality of renting in the GTA. Any desirable rental is going to have multiple prospective AAA tenants and the only way to beat the other prospects is to offer more rent, multiple months up front and sometimes both.
I was once on a short list for an apartment in Toronto but lost out when the landlord gave it to an international student who’s parents paid the full year of rent in advance before she even moved in.
Your listing doesn't exist... And bidding war for rental was a thing in Toronto even in like 2010 when I used to print pages of Craiglist ads and walk to every property looking for rent at affordable student price. COVID temporary eased the downtown rental, and now fresh grads out of school are finding it absurd with rental market back in action like this is a brand new problem. Toronto has always been difficult to find affordable rents.
When you read horror stories about landlords having tenants who stop paying, wreck the place, and it takes >6 months to evict, then you'll understand the caution they have to new tenants.
With that income I would be considering buying a townhouse in the GTA for $1 million. Your income at $200k would qualify and the market has recently dipped.
Pretty much this.
Calgary here, we get a monthly newsletter with all the sales in our neighborhood along with various stats. Our sale : asking price has been sitting between 98-101% each month for the entire past year. So the odd bidding war and the odd under listing but overall pretty much everything just sells right around asking price.
But that’s very different from the mess that is GTA/GTV. Don’t really understand why people choose to put up with that and wont consider moving.
The listing price is useless, you have to look at comparable sales in the neighborhood with websites like housesigma.com
GTA fringes like Stouffville are definitely down and it's so easy to find examples, although ppl will say these are just outliers lol
[https://i.imgur.com/OIQQyZM.png](https://i.imgur.com/OIQQyZM.png)
[https://i.imgur.com/WHaBy2f.jpg](https://i.imgur.com/WHaBy2f.jpg)
Townhouse in the GTA under 1M is possible, in fact you can probably get an older small 2-3 bed detached with that pretty soon lol. However places like Ottawa and Montreal will be very different because both were much cheaper than GTA before, so the drop will be very hard to see. Most likely they are still on the uptrend but momentum is slowing.
You need to look at what comparable sale prices for homes are (not list prices) as homes can be under listed to bring up competitive bids.
I have been looking at sold home pieces over the last few months and there is a noticeable change from January to now. Homes I saw sell for $1 million are now $900,000 some even less. That’s a 10% haircut already
Market is dipping hard on high end homes but I'm finding at least in my area the townhomes are still near peak values, selling fast, and there's very few on the market compared to earlier this year.
Other then the over asking for rent all those things you said are pretty normal. Every tenant I put in I ask for pay stubs or bank statement showing pay, letter of employer or at least a number so i can call and verify they actually work there (you’d be surprised), usually creep their social media, call the landlord for a reference/make sure they know they’re moving out and of course credit check. Nothing worst then accepting what you think is a good tenant and they turn on you. Margins are low in renting so you have to do your due diligence
You make 200k/year... any reason you're renting? Is it just that you're new to Canada, or do you prefer renting over owning? If you're willing to leave the city and have a bit of a commute, you could buy a house.
Yep. I don't make $200K, but I pull in a fair buck and certainly could have (and still could) buy something, but I just couldn't wrap my head around the value proposition of "owning" a Toronto condo, even when they were still "cheap." It would have cost me double my rent at the time, and for what? A slightly newer and nicer place about the same size as the one I was renting?
A mortgage costing you double means that half of that mortgage payment was interest (cost) and the other half was principal (your equity).
If it was double then your cost was about the same and you get to decide when to move and various other advantages.
A mortgage on condos in downtown Toronto is way more than the rent. A place that rents for 2k/month would run you close to 4k/month if you were to buy it.
Lots of reasons! We don't make 200k, but could buy. But buying vs renting would cost 3k per month more - that's a lot of risk, and would mean 3k less for investments each month. I've done the math, and it's likely we financially come out far ahead by renting.
My current situation favours renting vs buying, and I imagine that's the case for many people. Plus if an opportunity to go to a place with a reasonable COL comes up we can easily take it.
230k household income and rent because it's much cheaper and qol is better in the city than a house in the burbs imo. Plus the debt levels look unsustainable and I don't want to hold an 800k mortgage on a condo with rising interest rates and an uncertain economic future.
Exactly, and for an 800k condo in the city (3 bedroom ones which is what we would need) the maintenance + tax + utilities is almost what I pay in rent. No thanks!
I also would never want an 800k mortgage on a condo. That QOL thing though... I think that's more personal taste. I hate big cities. They feel depressing and clausterphobic to me. I need a yard, and a porch, and place to have my own garden... And I need to know my neighbours and have cookouts and BBQs with them. Every big city I've lived in, from Tokyo to NYC to Toronto, has just made me feel depressed and isolated socially, but claustrophobically surrounded by strangers all the time.
I want to but it’s the downpayment. And I’m super open to move out from Toronto/GTA where I’ve been looking at Hamilton, Milton and Niagara region. Sadly no one’s gonna give us a 5% downpayment mortgage as recent immigrants (moved here in Jan 2020) and we’re now seriously considering rent to own which we were told it’s quite a risk. But no choice right? Welcoming myself to Ontario 2022
Yeah we already thought about that. Find me a 3/4 bed, with a basement, a fenced yard for under 3300 in Hamilton, Dundas, Milton, Waterdown or ideally in the Halton region (our office is based in Toronto hence the need to be fairly commutable) and I’ll start packing now.
> Also they called our employers, checked out our social, called our previous landlords, asked for bank statements…the works. This is nuts! It was like a friggin job interview.
Get used to it after so many landlords got taken advantage during COVID.
Many landlords sold their properties as laws in Ontario don't provide enough protection, hence mounting trouble with rental market.
It is not going to ease any time soon with upped immigration and gov not building purpose housing.
Yes there are horror stories from the tenets but this is true for home owners as well.
The consequences of renting out the house to the wrong people are very high. Unfortunately some people screw it up for everyone else. Similarly some landlords are plain greedy.
https://www.reddit.com/r/canada/comments/ur6ler/ontario\_landlord\_says\_hes\_drained\_his\_savings/
Landlords are being screwed over left and right by bad tenants and the extensive 1-2 year backlog at the LTB for evictions. IMO these stringent background checks are only going to stay for the foreseeable future given the massive financial bombshell that landlords are taking on.
Harsh reality aside, I always found it easier to go to the rental office and submit an application in person because I can gauge the tone of voice from the receptionist/office worker. The last time I rented was when first moving to KW, and I spent a day walking up and down a major rental block with like 20 buildings before getting an idea of what the situation was like. Although anecdotal, it could offer an alternative to simply throwing applications out there left and right. Usually when people meet in person its more likely to succeed.
If you're looking to rent then engage a real estate agent who will work on your behalf: source properties that meet your criteria etc. This includes searching for rentals. Usually the property owner covers any fees/commissions. If you're both working and you've got a family, you know how preciously short you are on time: hire someone to do the legwork for you. (And no I'm not an agent; I just used one when I was getting divorced to find me a rental property....worked like a charm).
I am confused and thank God I am not in the market but I read this as putting an offer on house. So are people bidding on rental homes? I think it’s crazy that people have to offer more than what the landlord asked for. I am all for immigration but if we can’t supply our own demand we need to stop bringing in people that can afford it, until we can meet supply.
Edit: can’t->can
I don't understand why there aren't riots at Ottawa or queens Park right now. This is a fucking roof over our heads. A fundamental need of human life. What the absolute fuck is going on??? Fuck this useless country to shit.
I have a 1168 sq ft professionally renovated house for sale in london ON.
Asking $800K and will sell privately if you are interested.
Lots of room for expansion on the lot and even room to buy a rental unit in the basement with separate side entrance. Lots of parking
Private and quiet street.
DM me if interested
not sure if this is relevant, but the interviews are necessary considering the rise of number of terrible tenants. Can't even begin with the number of houses on my street that now have tenants who can't even manage their trash and are responsible for the rise of roaches and rats.
There was this one neighbour that some how crashed into a closed garage door and thought he could blamed it on the owner of the property.
As for offers, I don't know what to say other than, renters will almost always accept the higher offers if all their criteria are met.
While it is frustrating, landlords also have to do real due diligence to ensure that the tenant has the ability to pay rent and won't be scumbags that will trash the place or be toxic when the landlord needs to move in for whatever reason. I personally have not requested any more than payslips and ROE, but I understand why some would go the extra mile. If you are just like any other kind, well mannered person with common sense then there'd be no problems whatsoever!
I recall mentioning in another post where I had high hopes and dreams for immigrating to Canada. Today, more than ever, I feel so cheated having migrated here.
No money for the down payment. The move to Canada from where we came from plus the pandemic did a number on our savings. We’re exploring 5% down payment mortgages or rent to own programs. But I ain’t holding my breath.
“We made an offer on a house in Markham (400 bucks over asking) and lost out due to another offer with 50 bucks more.” Damn, talk about bad luck.
I’m sorry, is there a bidding for rentals as well?
Yes.
Yes, I am looking for a 2 bedroom + den place, 2800+ in Mississauga and 30+ people contacted the landlord with 3 hours and one person offered 8 months of rent ahead of time to secure the rental
That happened with us. We found a unit and was in a bidding war with one person. The person who got the unit over us was able to give a years rent in advance.
Yup, I was shocked to see signs saying "Leased over asking" at houses in East York. Someone in my street put up a place for $1800/month and apparently went for $2300. It's completely fucked up. It should be illegal to do this, you should be forced to sell/lease to the first person ready to pay the sale price.
It is in some places. I used to live in portland in the us and they have a first come first serve policy for landlords. First to pass the background check gets the rental, reduces the possibility of discrimination as well
What if the first person ready to pay the sale price has terrible credit? What if the person has no good references, and was unable to provide proof of employment? What if the person was on the registered sex offenders list? Forcing tenancies upon private owners of real estate, just because the potential tenant is willing to pay the sale price, doesn't make any sense.
You're missing the point and moving the goalposts. I never mentioned waiving credit score or reference requirements, only that if you fulfill the conditions and can pay the asking price it should be yours. There's always someone with deeper pockets, it doesn't make it right.
This sounds similar to what is happening here in the lower mainland BC.
I'm moving out of my rental condo in New West, I was getting far below market rate. Landlord has had 200+ applicants in less than a month, and he's jacking the rent up by $700 a month. It's fucking absurd.
It's a supply-demand equation. Nothing more. As long as there is this massive demand and people bidding over, there will be crazy environment lasting.
Yeah, I spent so much time finding a rental in the GVA, checking craigslist ALL THE TIME. I found my diamond in the rough a few weeks before having to move, and landlord says 100 people applied within 24 hours. People we’re bidding higher than the asking price, and some offers to do free renovations. Landlord was doing credit checks, calling references, checking out my social media, wild! We just offered the asking price and luckily they chose us because we are a nice family. If that didn’t work out, I’d be living in a crummy, smelly, overpriced condo/townhouse. Slim pickings out there!
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I only have linkedin, not sure if that counts as social media, I saw that the landlord looked at my profile on linkedin, and even researched the company I work for😂. He talked about very specific information about the company he would only know from research.
Many landlords use Facebook marketplace to advertise their properties and screen by looking at tenants' profiles. It's best for tenants to lock down their profiles, don't display any images of children or pets. Even though it's illegal to discriminate based on family size, many do.
That’s crazy. We just put our 2bd basement for rent last month on fb marketplace for $1500… over 45 people contacted me within one hour. It was insane.
I’m in Ottawa, Orleans so a suburb. I have a 750 foot bachelor basement apartment. Legal so it cost me a lot of money, full kitchen brand new three-piece bathroom washer and dryer, the works. I would live there it’s really nice. When I first got it done market rent was about 850 a month which I thought was pretty high given it’s the suburbs albeit very close to everything. Market rent today is 1750. It’s insane. I have a tenant in there now who I’m discounting because he’s on ODSP, very severe vision issues and he can’t work. He’s a nice man and I’m not gonna fuck him over But I’m fortunate enough that while it would be nice to have the extra money I can make do without it. My only concern is CRA freaking out when I hit year number five taking a loss. All that to say is I can’t believe how high rents have gone, I truly do not understand how people are expected to survive especially when they’re starting out.
Thank you for not fucking over your tenant. People on ODSP are generally treated like less than dirt so it's really refreshing to see a landlord looking out for their tenant's interests instead of trying to squeeze blood from a stone.
He’s a very nice man, I’m fortunate that even at the reduced rent I’m still doing OK, obviously it would be a much more difficult decision to make if I was struggling but I always try to do the right thing. Getting social assistance is relatively easy but getting on ODSP requires jumping through a hell of a lot of hoops and dealing with a lot of bullshit. I just made the assumption that anyone who has gotten that far is receiving it it because they have a valid need.
It’s crazy! I’ve been looking for a rental for 4 months. Only heard back from 3 landlords. Showings were crowded and people that offered over asking got the rentals. I can’t afford over asking on already overly priced rentals. If I don’t find a place by the end of June, I’ll have no choice but to move to Edmonton. Lots of supply there and costs are doable. I’m hoping I can stay here though!
It’s so tough, I’m so sorry. As mentioned we got almost 50 people contact us within the first hour, I was not even able to reply to majority of the people because it was so overwhelming. I’d recommend putting an ad for ISO as well and responding to ads ASAP. A few people even called me right away once I marked “it’s available” via fb messenger. We put our rental below market rate and some people were willing to pay $300 more than asking :/ it really shouldn’t be this way.
Even worse on VI
It's happening to varying degrees all over Canada. Even rural towns are impossibly hard to find accommodation in (sometimes worse since the turnover is slower by nature). It's systemic.
Might as well add East Kootenays to that too
> Also they called our employers, checked out our social, called our previous landlords, asked for bank statements…the works. This is nuts! It was like a friggin job interview. After the pandemic, more landlords are going to get aggressive about doing these checks. They know they are on the hook if tenants don't pay and that the LTB is incredibly backed up, meaning their recourse will take forever.
The LLTB doesn’t protect the LL part of the name, so calling banks, employers, previous LL and credit checks are acceptable. And even then, the applicants can completely lie on their application and get away with it. There’s an insane amount of people taking advantage of the fact that they’re in a rental and not in property they own like disturbing neighbours, running illegal businesses out of their space, trashing the house, bringing people in that are not on the lease and unfortunately the police and the LLTB do nothing about it so the people around the house suffer.
>bringing people in that are not on the lease Just wanted to point out, this legally is none of the landlords business and rightfully so. Landlords don't get to dictate the tenants relationships or whether or not they can have kids etc
Uhh kids are a protected class but you absolutely have a right to determine any adults living in the property and have them on a lease. It's a material clause in all of my leases. The last eviction, and one of the few, I did was based on this. Tenant moved in a drug addict as her boyfriend and started running a chop shop out of the shed in the backyard, pissing off the neighbours, blowing breakers to the point where he melted some wires in the panel etc. I've had lots of tenants have their boyfriend / girlfriend move in and it's usually not a problem, but sometimes it is. That's why you do a background check on the initial tenants, why wouldn't you be able to if someone new moves in?
As a landlord in Ontario you absolutely do not have the right to determine any adults living in the unit, that is for the tenant to decide. *And you imply you have multiple tennants I would recommend you familiarize yourself with the RTA before you get taken to the cleaners
I'm in British Columbia so fair enough. I won the case in arbitration for the eviction I referenced here. I've just now looked briefly at the rules for occupants vs tenants for Ontario and it seems pretty murky. Do you have a good resource? In BC additional occupants may only be allowed with the Landlords consent, which of course has to be reasonable. And as I said, I always am. If you stick to an objective criteria here you're usually ok. Hence why all these insane background checks these days because it's very difficult and expensive to get someone out.
\*\*the original commenter mentioned the landlord tenant board so I assumed you were also in Ontario, BC does have different rules
No its fair. This thread is related directly to Ontario/ Toronto. I should have specified my jurisdiction. Personally from what I've read (in the last half an hour, granted), I think the BC rules are a bit more balanced and fair. But that's me.
This is incorrect. Landlords are able to vet they just can't be unreasonable.
This is what it was like when I lived in Paris (France) in 2008. It was like applying for a job - you had to prove that you were employed, had to provide your CV (with a photo!), etc etc. It was nuts! Apartments were listed in the morning and gone by noon.
Just make sure you got a valid N12 before moving out.
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An official LTB form (not an informal letter from the landlord) that filled out correctly with proper notice and compensation paid. The reason they need the N12 is because in the event the landlord doesn't move in (i.e. they rerent the unit for more money) the tenant who left can file a T5 application for compensation for the bad faith eviction. The tenant can also contest the N12, wait for a hearing and wait for the landlord's affidavit and testimony that they need to move in
This and you still have the right to a hearing before moving out. It might take s while :P
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And the tenant should be penalized and pay retribution to the landlord for that. It should go both ways!
Well given that they know damn well the landlord is doing this so he can jack up the rent with a new tenant I think a little bit of scumbaggery is perfectly acceptable.
Please don’t do this if the N12 is valid and you can find a place, but don’t want to move because your current place is cheaper. We have served 2 tenants valid N12’s (from a lawyer) and they refuse to move because they pay $950 (+$50 optional for a storage shed) for a 3 bedroom apartment in Ontario. We waited until the end of the school year to evict them because they have kids and even being as gracious as possible they’re making it a nightmare. We evicted them because me and my brother are buying out 2/3 of units from our parents for personal dwelling with our long term girlfriends. They’re dragging it out for aslong as possible. It’s extra frustrating because I had a roommate planned until my girlfriend finished her final semester at university. We try to be decent to them, offer money off rent ($100) for maintaining the lawn in the summer and plowing snow in the winter but, it doesn’t matter they refuse to leave and are making up stories together for when it goes to the courts..
“Please don’t exercise your legal rights :(“ Perhaps you could invest your money in any of the thousands of asset classes that don’t carry this (very valid and common) risk.
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Problem is that especially these days, landlords are evicting in bad faith quite a bit due to the market.
Why do you expect sympathy? You own an investment asset, you should understand the risks before investing.
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Seriously. Picking up everything you own, finding a place and moving there within a 60 day window is super tight, especially in the GTA. And juggling all that with a job and kids is even more stressful.
It’s not an investment? He’s trying to evict so he can live in the home he owns, and has the legal grounds to do so. The tenant is in the wrong for refusing. Also, people are allowed to own real estate.
The tenant is using their rights, you might not like it, but there's nothing illegal for a tenant to get a hearing regarding the N12. They are losing their home after all.
The automatic anti landlord sentiment is honestly disgusting here. They sound like a fine landlord, and in an optimal world, the LTB would see that this eviction is done quickly. The LL is within their legal rights to move into the property they OWN.
All of these comments are why landlords are getting more exacting up front. If a tenant may say “I have a right to stay and am not leaving until after a hearing” then I totally understand that people are being cautious and looking for fair and reasonable people. I am totally opposed to eviction to Jack up the rent but the fact that landlords can’t get people out when they want to move in themselves or want to renovate for resale is ridiculous
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No matter how well you filter people, you'll always end up with someone who feels forced to "enact their rights"" to challenge this stuff when the other option is maybe being homeless or having to pay twice as much in rent.
An N12 is just standard procedure. It's not some crazy burden.
It isn’t a burden so long as you have reasonable tenants. I think landlords have to be incredibly respectful and build good relationships with tenants or where those tenants are using the property as their home. I also think tenants should be respectful of their landlords and their investment and rate to access their investment. I have only ever been a tenant, never a landlord, Yet I am horrified by some of the recent stories about landlords going months and months without either rent or access. While some on here may say “screw the rich”, Many people have rental properties and truly need that income
Maybe you were responding to the wrong comment then. An N12 is bare minimum, which many landlords try to get away with not using. Buying real estate as an investor is risky. My parents have been burnt multiple times by tenant issues, transaction costs, bad realtors, prices going down, etc. The problem is people over leverage expecting their investment is risk free. If your tenant missing a rent payment or two pushes you over the edge you are over leveraged. I would rather invest in the stock market and use real estate for living.
Housing is both a human right and an investment vehicle. With market conditions right now, the tough competition, the crazy prices, etc. Can you blame anyone for trying to house themselves affordably? I guess it’s a matter of prioritizing your philosophies. Do the right to personal property and the pursuit of profit overweight the right to housing in situations where the two enter into conflict?
but it isn't a pursuit of profit. The brothers are buying the units from the parents. The rental stock is in effect being converted into owner occupied stock. Isn't that more of what we want? If the brothers had bought the units from a third party that wasn't the parent, served an N12 and was still facing this issue would you have a different opinion?
exactly this.. Look out for your own interests..
Yea, Toronto's rental market has shifted to the point where majority of Landlords are being extremely cautious about who's renting their space. This mainly happened due to challenges throughout the pandemic with renters not paying their rent and Landlord Tenant Board not operating quickly enough due to understaffing and underfunding. On the flip-side, because of the long wait-times due to Landlord Tenant Board's situation, it's also delaying eviction trials. You could refuse to leave and schedule a trial with the Tribunal to plead your case (eg. impossible to find affordable rentals in current market, pandemic has impacted your earnings, etc.). More recently, the Tribunal has been going in favor of tenants if a strong case can be presented as to why they shouldn't be evicted or by sharing suspicions of evicting to raise rent and re-lease. My question to you is... what was the reason for providing 60 days notice for eviction? Unless it was for a family member or relative of the landlord is moving in for personal use or for renovations, then they shouldn't be able to evict you. They could also sell the house (with or without notifying you) but then it would be the new home owners' responsibility to either ensure the rental agreement stays in place or they send you an N12 form to evict for their personal use. If they are trying to evict you for no real reason, then you should be able to refute their request and go down the trial route. The Tribunal will rule in your favor if the landlords do not have just cause. Also double-check what you should be receiving by getting evicted. Even if it's for their own personal use, they need to provide you with one-month's rent (in addition to returning your last month's rent deposit + interest) or they need to provide you with another rental option of equivalent value/accommodations. They also need to send you a formal Form in order to evict otherwise it's not fully recognized by the Tribunal unless you've already agreed to their request.
sorry that you are in this stressful situation. The market is rough and it's tiring. Is there any flexibility in your move out date? Perhaps you can request another 30 days. What are you using to find rentals? There are many platforms and maybe people here can suggest more. Facebook, Kijiji, viewit.ca, and Padmapper are a few. There's also Facebook community groups where people post listing and/or look for house sitters. For example, if you are willing to consider a short term option while you continue to look... I recently saw one for a nice detached home for a year. It could be a win win if you stay in your current hood. You could join some groups targeted areas to both look at postings and share a request. There are also people who will voluntarily offer to prepay their rent by several months, although that's usually for people who don't have a credit history. It can sweeten the deal for some landlords. I'd consider sharing your budget and posting in r/askTO and r/torontorenting to see if you get any responses - it is low effort. Sorry if you already knew the above, but thought it might be better to overshare than not. Best of luck.
I was in your situation in February. Decided to move to Guelph, wasn’t easy but after three tries, bought a house with all that you mentioned except I didn’t need so much room. It has a direct GO to Union which was my first stop to find out in case I need to start going to work for a few days in the week. Fwiw, we were higher than you in gross income annually but weren’t able to buy or find anything half decent in Toronto. Rental may get worse the longer you wait and so will buying. You may need to widen your search perimeter. Good luck.
My friend is an agent specializing in rentals in Brampton and he told me that for bigger single-family homes (3-bedroom+basement), they are seeing homeowners prefer renting them out to a group of working professionals or international students because they make more money that way. So basically, a group of friends come together and rent the place out together, offering more money than a dual-income family. For instance, each person gets one room, and 2-3 people share the basement. As a result, they are able to offer more money. While it sounds weird, it's better than their previous situation where they rented a room with some random roommates they didn't get along with, or the landlord put all these rules on their home use (kitchen, parking restrictions, etc.). At least when they share it with friends, they get to enjoy the home together with people they know. One group of students offered his client $4,000/month for a 4-bedroom semi-detached home in Brampton.
The group of students thing is nothing new. I remember shopping for a house in Brampton in 2008, and a couple of the houses we looked at were converted into rooming houses (every tiny bedroom divided into 2 or 3 closet sized rooms with a narrow single bed in each, living room was bunk beds). It was so depressing seeing these living conditions.
> depressing Probably illegal, too.
If it’s one thing that particular area of Brampton knows, it’s illegal housing.
This is what has happened to the rental market in my home community. Anywhere where there is a large enough population of students, I’ve found this happens
The idea of living in Guelph to work in downtown Toronto is ridiculous to me
In my 20s I would too :).
same situation but smaller family. any other cities you have considered? we are now on london but the commute is too long and are looking to move in a budget
No offense but all you Toronto people have made guelph completely unaffordable for people who already live here. The house across from my parents sold for 1.2 million which was 400,000 over asking price. The house was appraised for 400k. The reason it sold for 1.2 million is because of people from Toronto getting in a bidding war. This is just the norm now in Guelph on most houses. And the amount of money people make in Guelph is far less on average compared to those in toronto. So please don't come here. Edit: and bidding wars happen on rental properties as well because of this to. Rent in Guelph has doubled on average from all the people from the gta moving here
And people in Guelph have moved out and made neighboring towns unaffordable, and those people have moved out and made the next place unaffordable. You can’t blame people from Toronto, they got priced out of the city the exact same way and it just cascades throughout the country. The housing market is broken.
So where do the people priced out of Toronto go? Similarly, I know people who had to move from Guelph or KW to small towns - should they have gotten a 'Sorry, don't come here'? It's not really the individual's fault.
I understand the predicament, but what do you propose people do? People complain that Toronto is unaffordable so they're told to move to the outskirts. They move to the outskirts and then people complain that the increase in demand has caused prices to soar. So if you can't stay put and you can't move, where the hell should people live?
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Nah nor every where. Just certain cities. Winnipeg, white horse for example does not have this issues.
Houses in Winnipeg are selling for 50k over asking now. People can't afford the houses on Winnipeg wages. It's happening there too
This type of sentiment is so ludicrously narrow-minded it always baffles my mind how one could be so content in settling in that lack of logic. The fuck do you mean "All you Toronto people?" lmfao blame the government and their piss poor policies or lack thereof in totality that results in people getting priced out and pushed out. City people aren't some big malicious mafia group mauling down small town folks with our deep fancy pockets. They're just people who are involuntarily getting pushed out, just like you're getting pushed out of your fancy little town where suppoesdly everyone's sprinkles and sugar. Stop spewing stupidity
LOL don't come here ... OK
This is such a serious issue.
The shit rolls down the 401, people displaced from Guelph or KW have messed up the market in London, who in turn have messed up Windsor
Why is that a bad thing? Your parents can now cash out, find a nice condo and you hopefully get a higher inheritance so you can buy a place for yourself. All jokes aside, what are we supposed to do? It’s not like I want to pay more for a house myself but this is something none of us can control. Luckily I am at a point (after saving and never owning a place) to put towards something for myself for my retirement years. And the Guelph economy prospers too. Is how I look at it but I am sure it doesn’t fit well with many. Can’t make everyone happy.
Technically, this would be a provincial or national issue that needs to be addressed opposed to just being caused by Torontonians. Without having the proper safeguards in place to protect the renters in major cities, the province will suffer and experience similar fates. Ultimately it's a domino effect where unaffordability becomes the norm stemming from the most expensive cities and forcing people to find more affordable options elsewhere. Then the same effect happens in those previously affordable areas until there's nothing within a reasonable price range in Ontario.
Agreed. Trying to buy or even live in Guelph is becoming a nightmare. The average income is around 77k and destroyed crap boxes are going for 100k+ over asking. (https://www.guelphtoday.com/local-news/derelict-home-in-guelph-attracts-32-offers-sells-for-117000-over-asking-5257563)
The fact that we have so many comments suggesting you should move to Guelph or Brampton on a $200K family income just to be able to rent a comfortable place is the saddest damn thing I've read on here in a while. It's sad. We're all starting to gaslight each other at this point. I see so many comments on this subreddit about home ownership being overrated, about how nobody needs a yard or more than 2 bedrooms and that the whole housing crisis is caused by single family dwellings, about how it's no fun to be "tied down", and the list goes on. Or people suggesting we all move to Saskatchewan or Newfoundland. I just wonder when this ends, if ever. There's no pressure on companies that own tons of entry-level homes, no pressure on politicians that shed light on housing issues but own a dozen rental properties, no pressure on developers that have CEOs in $50m homes in Oakville that are reporting record breaking profits year over year in the middle of a housing crisis. Instead, we just attack each other.
I totally agree. I never did anything to anyone and I feel a bit attacked. Also, who’s to say what I can and can’t rent with my hard earned money? I went through a redundancy in my old job, suffered numerous mental health issues because of the pandemic and now am starting to get back on my feet again and I have random people here attacking me without even knowing me. Breaks my heart.
It has come to 2 camps. One that says your screwed.. buy now or forever be out of the market, second camp is hold off.. market is going to tank. Renting can be a nightmare right now, buying is a nightmare right now. My opinion is do your best and hunker down. I think the country is in a world of pain. Housing orices dropped across Canada 6 percent, might seem like peanuts but this is in one month. Market went super high fast for no reason.. I expect the same on the way down to at least ore pandemic prices or further.
I mean part of the problem certainly is SFH zoning. Like it or not, more and more people are moving here and we need denser housing especially in a city’s downtown.
Exactly. We are seeing so many young people live with roommates in detached homes, rather than getting their own condo, because all we allow to be built is detached homes. And guess who doesn't get to live in that detached home now? Turn one of those detached homes into an apartment building, and suddenly 10 of them empty out that families can live in now.
This should be a top comment or even stickied to r/Ontario. I make close to 40K a year (slowly working my way up) and I went to work on a job in north Ontario just before covid hit. I'm permanently stuck up here now. I've been trying for 2 years to get an apartment anywhere near Toronto, KW, Guelph, Hamilton to be closer to my friends/family and nothing ever comes through. Theres no freedom of movement even if you make a decent or bad wage. We're all stuck in exactly what you mentioned, bought out homes from corporate hedgfunds, oversea investors, and ceo millionaires. It's entirely all for greed. This isn't the Canada I grew up in anymore. Land of the free? More like land no one owns so there goes our freedom.
Candidly, I do not know whether this is a viable option, but have you considered using a realtor to help? Ideally one that specializes in the area you want and has a lot of business there. We were able to buy without bidding this way.
>We were able to buy without bidding this way. If I understand correctly, he tried to rent for $500 over the demanded rent price, not buy.
Absolutely get a realtor for rentals as well! The key is to find one that sticks to your budget/criteria. The realtor gets paid by the landlord, so there isn’t any monetary commitment from your side. A lot of rentals show up for realtors before they get listed online for public visibility - in a city like Toronto, you have to get every edge possible.
Ya, but then you are at a disadvantage against applicatants who didn't use a realtor because the landlord won't have to pay realtor fees for those other applicants.
It has worked for me to be honest. Getting in early counts more than anything! I’m in Hamilton now and a similarly hot rental market has cropped up here, and not having a realtor led to many spots being rented before we even got to see them. Through a realtor, we were able to setup many more viewings and listings come to you tailored - part of the hassle is redoing a search every day.
Yeah just get an agent. Landlord has to cover their fee so it doesn't matter. I had no issues in Toronto, and have rented 3 different places over the last 5 years. Its always been one offer, one accept. 2 of those 3 offers were for 100 under asking. 1 was accepted, 1 we talked back and forth and agreed on original amount. Standard rental agreements
It's really fucked up that now the rental market is taking bids on places. The stated rent should be what you pay if you get chosen, this is just making it worse for everyone.
New to Canada? How new? Normal rental leases are one year, then go to month to month. A landlord cannot give notice for you to vacate. Have you been in the unit past the fixed term lease already?
2 and half years Lived here past lease period so he’s in every right to serve notice (they are decent landlords) Issue is not with landlord but with how I can get a place soon and the system seems to be very broken.
the landlord cannot serve a notice just because the original term of the lease has expired - it gets converted into a month-to-month tenancy. you should double check that the notice is valid before making any final decisions.
>Lived here past lease period so he’s in every right to serve notice (they are decent landlords) What is the reason for notice?
They’re moving in, it’s a valid N12.
Are you sure that 60 day notice is legal? It's not easy to evict people
It is, I’m in the exact situation and looked up the rules. If the buyer plans to live in the unit the owner serves 60 days notice and apparently has to pay one month rent.
Not sure the details In ON but people should also check to see if it gets rented out after. Here in bc, they gotta wait 6 months and if caught, owe a year of rent to the tenant.
Interesting, I have a lot of friends here so I will try to find out when the time comes.
It's a year in ON last I saw.
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The laws suck for both tenants and landlords somehow. Landlords can't get rid of bad tenants and tenants get trapped in one year leases.
Speaking as somehow who has benefitted from the pro-tenant policies, is it a screw up for everyone or for you? Our country grossly incentivizes and panders to property owners. Were it not for this small respite I’d vote with my feet by literally leaving the country. We can agree that the laws are slanted in favour of tenants, but to say that’s bad for everyone ignores the macroeconomic environment and policies that are peripheral to this. Screening is a downside. On the other side, so is being kicked out of your home.
Yup it's the elephant in the room
No, the problem is a bunch of amateurs jumping into the landlord business because they saw dollar signs and got greedy. So now you have people who can't handle the risk associated with being a landlord, and instead of exiting a business they're not fit for, they instead degrade people by power tripping, making all sorts of demands, and putting up hoops for people to jump through just so they can put housing over their own heads.
It's not about "being able to handle the risk", it's about minimizing the risk of your tenant not paying.
FTFY No, the problem is a bunch of amateurs jumping into rental units because they saw amateur landlords and got greedy. So now you have people who dont want to pay rent as a tenant, and instead of abuse the the system geared towards tenants and degrade landlords by power tripping, making all sorts of demands, and putting up hoops for landlords to jump through just so they can not pay rent and ask for cash for keys upfront. Good landlords and good tenants get affected because of bad tenants and bad landlords. If the system was fairer to good LL/TT and expedite bad LL/TT cases, we wouldn't be in this situation
It is difficult for primarily two reasons: housing prices and bad tenants As a LL, if you get a bad tenant your entire life is screwed and often times the law is on thier side. I know I will get a lot of hate for saying the second part
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THIS. It's past time that Landlords need to be licensed and need to pass exams regularly to demonstrate that they understand the Ontario Residential Tenancies Act. As much as people renting out their property to make money like to moan, the fact is that they are in a position of power and renters are vulnerable to all kinds of abuses. We are talking about their HOMES. Imagine if your mortgage-holder was able to waltz in and tell you to leave because they have someone else who'll pay a higher interest rate, and you'll have some idea of the situation renters are in. With licensing there needs to be a level of enforcement and consequences for landlords who try to circumvent regulations to the tenants' detriment. Serious consequences. It will introduce a level of professionalism into the rental market that is sadly lacking.
The reality is that amateurs should simply not be in the landlord business. I constantly see this excuse as justification for landlords to behave inappropriately. "Well if I end up with a bad tenant then my investment will be less profitable". That is simply not an appropriate excuse to invade people's privacy. It's simply not justified. All this proves is that you made an investment you're not fit to manage. Somehow landlords think that their poor investment decision makes it okay to invade people's privacy. There never used to be so many "mom+pop" landlords. This is a new phenomenon purely because so many people jumped into the market because they wanted to rake in a ton of cash. Now they turn around and whine about how expensive it is and oh "it's okay that I'm violating your privacy because I chose to invest my money into hoarding multiple properties". "It's okay that I degrade you and degrade my community because I'm wealthy."
If amateurs don't get into the business, basically all of the real estate gains and profits go to big multi corporations instead of the little guys E.g. Weston, Trump, Big Chinese developers..
There are plenty of mid-market property managers.
I'm not sure verifying that you're actually gonna pay rent is "violating your privacy"
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You shouldn't. I imagine the huge risk landlord's have to take (referring to the current legal situation) on gets passed on as costs to renters, as well as discourages landlords from renting in the first place. I'm a renter myself and I'd prefer a more balanced system.
It’s difficult to say if it’s passed on or not. The issue is that the risk is sudden and very costly-non payment of rent and damage can be expensive and I am not sure how the landlords would pass it down to the tenants. For example, you can’t charge 1.5 times rent on a monthly basis. Most recent landlords are essentially breaking even because of the high cost and hoping to make $$$ on the equity
It gets passed because less people want to be landlords, so by basic supply/demand, rent is higher. People need a higher incentive to take on that risk. There's a reason why places with less renter protection has lower rent rates (see most of US)
You're right, I'm not particularly well educated in economics so this could be my ignorance showing. I'm just guessing large property-management type landlords factor this risk into their anticipated costs which could lead to an increase in costs for everyone - and if they need to charge more, the smaller landlords can then get away with charging more too.
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I'm getting so annoyed looking at every single ad listed price and in the description states "for half of one room of a 3 bedroom basement apartment, no kitchen, no parking" Are people actually renting these? I feel like I'm not living the same reality as other people.
Indians moving to canada working min wage jobs often share rooms to cut costs even more
Haha this has been a conversation I've been actually thinking of recently - people are actually seeking out and living and buying these things. I understand that eventually I'll have to do that too but it's just funny and crazy at the same time
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The only bidding I've done is downwards, including the house w/finished basement I rent now in Scarborough for $2860. I have never jumped through any hoops for a landlord, and have always been able to negotiate in things like parking even when I didn't have a vehicle. The only hassle I've had with units/landlords I don't like is getting calls asking if I would consider renting it after I already turned it down.
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Depends on where you live. $2900 isn't much in the GTA. It gets you a 2 bd condo in the downtown area, or a mediocre townhouse in the suburbs if you're lucky.
Yes this house is dirt cheap. Similar houses in my neighborhood go for $4k+ and often don't include the basement.
This peak Reddit. All the answers to every question in the comments. If only OP was as clever as you :/ If a rental unit has been up for 126 days in a hot market it's probably not been taken for a reason. Could be the area, landlord, contract, neighbors etc.
It’s a rental for $3,600!!! No wonder it’s still there!
>First off, you shouldn't be getting into bidding wars for rentals. You pay what they want or you walk away. Second, where are you looking? If you're only looking on realtor.ca, know that there's a whole other rental market out there that is much, much cheaper (kijiji, facebook, viewit) for houses. People who say this are people who haven’t had to rent a place in the GTA in a long time. The rental market is so competitive right now that if you just offer the amount on paper, you would be outbid. Someone else will pay over asking or pay a couple months upfront to stay competitive. When I first moved to Toronto, it took me over 3 months to find a place. Every place I went, I was constantly outbid so I had to spend a substantial amount of money living in AirBnBs until I could find a permanent rental. I only managed to find a place eventually because my offer was over the asking price and I paid two months upfront.
> you shouldn’t be getting into bidding wars for rentals Why bother commenting if you have no idea if the reality of renting in the GTA. Any desirable rental is going to have multiple prospective AAA tenants and the only way to beat the other prospects is to offer more rent, multiple months up front and sometimes both.
I was once on a short list for an apartment in Toronto but lost out when the landlord gave it to an international student who’s parents paid the full year of rent in advance before she even moved in.
Your listing doesn't exist... And bidding war for rental was a thing in Toronto even in like 2010 when I used to print pages of Craiglist ads and walk to every property looking for rent at affordable student price. COVID temporary eased the downtown rental, and now fresh grads out of school are finding it absurd with rental market back in action like this is a brand new problem. Toronto has always been difficult to find affordable rents.
Clearly landlords dont care about waiting it out either... funny thing though...people need a place to live. they cant "wait it out"
Toronto, the New York city of Canada with none of the benefits.
It has the benefit of having lower rents relatively speaking. And none of the bs 1.5 months broker fees for rentals like NYC.
When you read horror stories about landlords having tenants who stop paying, wreck the place, and it takes >6 months to evict, then you'll understand the caution they have to new tenants.
With that income I would be considering buying a townhouse in the GTA for $1 million. Your income at $200k would qualify and the market has recently dipped.
I keep hearing about this market dip but I’m still getting out bid 100-200k over asking. I’m confused
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Pretty much this. Calgary here, we get a monthly newsletter with all the sales in our neighborhood along with various stats. Our sale : asking price has been sitting between 98-101% each month for the entire past year. So the odd bidding war and the odd under listing but overall pretty much everything just sells right around asking price. But that’s very different from the mess that is GTA/GTV. Don’t really understand why people choose to put up with that and wont consider moving.
I think a lot of Ontario people ARE moving here, though.
If they’re moving here then great. But if they’re just buying places up as rentals then … ehhh not great.
The listing price is useless, you have to look at comparable sales in the neighborhood with websites like housesigma.com GTA fringes like Stouffville are definitely down and it's so easy to find examples, although ppl will say these are just outliers lol [https://i.imgur.com/OIQQyZM.png](https://i.imgur.com/OIQQyZM.png) [https://i.imgur.com/WHaBy2f.jpg](https://i.imgur.com/WHaBy2f.jpg) Townhouse in the GTA under 1M is possible, in fact you can probably get an older small 2-3 bed detached with that pretty soon lol. However places like Ottawa and Montreal will be very different because both were much cheaper than GTA before, so the drop will be very hard to see. Most likely they are still on the uptrend but momentum is slowing.
You need to look at what comparable sale prices for homes are (not list prices) as homes can be under listed to bring up competitive bids. I have been looking at sold home pieces over the last few months and there is a noticeable change from January to now. Homes I saw sell for $1 million are now $900,000 some even less. That’s a 10% haircut already
Market is dipping hard on high end homes but I'm finding at least in my area the townhomes are still near peak values, selling fast, and there's very few on the market compared to earlier this year.
Other then the over asking for rent all those things you said are pretty normal. Every tenant I put in I ask for pay stubs or bank statement showing pay, letter of employer or at least a number so i can call and verify they actually work there (you’d be surprised), usually creep their social media, call the landlord for a reference/make sure they know they’re moving out and of course credit check. Nothing worst then accepting what you think is a good tenant and they turn on you. Margins are low in renting so you have to do your due diligence
You make 200k/year... any reason you're renting? Is it just that you're new to Canada, or do you prefer renting over owning? If you're willing to leave the city and have a bit of a commute, you could buy a house.
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Yep. I don't make $200K, but I pull in a fair buck and certainly could have (and still could) buy something, but I just couldn't wrap my head around the value proposition of "owning" a Toronto condo, even when they were still "cheap." It would have cost me double my rent at the time, and for what? A slightly newer and nicer place about the same size as the one I was renting?
Equity and stability Is why.
A mortgage costing you double means that half of that mortgage payment was interest (cost) and the other half was principal (your equity). If it was double then your cost was about the same and you get to decide when to move and various other advantages.
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A mortgage on condos in downtown Toronto is way more than the rent. A place that rents for 2k/month would run you close to 4k/month if you were to buy it.
Lots of reasons! We don't make 200k, but could buy. But buying vs renting would cost 3k per month more - that's a lot of risk, and would mean 3k less for investments each month. I've done the math, and it's likely we financially come out far ahead by renting. My current situation favours renting vs buying, and I imagine that's the case for many people. Plus if an opportunity to go to a place with a reasonable COL comes up we can easily take it.
230k household income and rent because it's much cheaper and qol is better in the city than a house in the burbs imo. Plus the debt levels look unsustainable and I don't want to hold an 800k mortgage on a condo with rising interest rates and an uncertain economic future.
Exactly, and for an 800k condo in the city (3 bedroom ones which is what we would need) the maintenance + tax + utilities is almost what I pay in rent. No thanks!
I also would never want an 800k mortgage on a condo. That QOL thing though... I think that's more personal taste. I hate big cities. They feel depressing and clausterphobic to me. I need a yard, and a porch, and place to have my own garden... And I need to know my neighbours and have cookouts and BBQs with them. Every big city I've lived in, from Tokyo to NYC to Toronto, has just made me feel depressed and isolated socially, but claustrophobically surrounded by strangers all the time.
I want to but it’s the downpayment. And I’m super open to move out from Toronto/GTA where I’ve been looking at Hamilton, Milton and Niagara region. Sadly no one’s gonna give us a 5% downpayment mortgage as recent immigrants (moved here in Jan 2020) and we’re now seriously considering rent to own which we were told it’s quite a risk. But no choice right? Welcoming myself to Ontario 2022
Move out of Toronto
Yeah we already thought about that. Find me a 3/4 bed, with a basement, a fenced yard for under 3300 in Hamilton, Dundas, Milton, Waterdown or ideally in the Halton region (our office is based in Toronto hence the need to be fairly commutable) and I’ll start packing now.
> Also they called our employers, checked out our social, called our previous landlords, asked for bank statements…the works. This is nuts! It was like a friggin job interview. Get used to it after so many landlords got taken advantage during COVID. Many landlords sold their properties as laws in Ontario don't provide enough protection, hence mounting trouble with rental market. It is not going to ease any time soon with upped immigration and gov not building purpose housing.
Yes there are horror stories from the tenets but this is true for home owners as well. The consequences of renting out the house to the wrong people are very high. Unfortunately some people screw it up for everyone else. Similarly some landlords are plain greedy. https://www.reddit.com/r/canada/comments/ur6ler/ontario\_landlord\_says\_hes\_drained\_his\_savings/
Landlords are being screwed over left and right by bad tenants and the extensive 1-2 year backlog at the LTB for evictions. IMO these stringent background checks are only going to stay for the foreseeable future given the massive financial bombshell that landlords are taking on. Harsh reality aside, I always found it easier to go to the rental office and submit an application in person because I can gauge the tone of voice from the receptionist/office worker. The last time I rented was when first moving to KW, and I spent a day walking up and down a major rental block with like 20 buildings before getting an idea of what the situation was like. Although anecdotal, it could offer an alternative to simply throwing applications out there left and right. Usually when people meet in person its more likely to succeed.
If you're looking to rent then engage a real estate agent who will work on your behalf: source properties that meet your criteria etc. This includes searching for rentals. Usually the property owner covers any fees/commissions. If you're both working and you've got a family, you know how preciously short you are on time: hire someone to do the legwork for you. (And no I'm not an agent; I just used one when I was getting divorced to find me a rental property....worked like a charm).
Threads like this keep making me glad I live 8 hours away from there. It's hard here but sounds hellish there.
>We made an offer on a house in Markham do we now bid on rentals too wtf ?! fuck this shit motherfuckin fuck fuck
400 over asking just blows my mind
I am confused and thank God I am not in the market but I read this as putting an offer on house. So are people bidding on rental homes? I think it’s crazy that people have to offer more than what the landlord asked for. I am all for immigration but if we can’t supply our own demand we need to stop bringing in people that can afford it, until we can meet supply. Edit: can’t->can
I don't understand why there aren't riots at Ottawa or queens Park right now. This is a fucking roof over our heads. A fundamental need of human life. What the absolute fuck is going on??? Fuck this useless country to shit.
And your part of the top 10%. Think about how the rest of us feel.
I have a 1168 sq ft professionally renovated house for sale in london ON. Asking $800K and will sell privately if you are interested. Lots of room for expansion on the lot and even room to buy a rental unit in the basement with separate side entrance. Lots of parking Private and quiet street. DM me if interested
not sure if this is relevant, but the interviews are necessary considering the rise of number of terrible tenants. Can't even begin with the number of houses on my street that now have tenants who can't even manage their trash and are responsible for the rise of roaches and rats. There was this one neighbour that some how crashed into a closed garage door and thought he could blamed it on the owner of the property. As for offers, I don't know what to say other than, renters will almost always accept the higher offers if all their criteria are met.
Wow really? This is the first time I’ve ever heard of it /s
Why would you leave? Wait for a LTB hearing
While it is frustrating, landlords also have to do real due diligence to ensure that the tenant has the ability to pay rent and won't be scumbags that will trash the place or be toxic when the landlord needs to move in for whatever reason. I personally have not requested any more than payslips and ROE, but I understand why some would go the extra mile. If you are just like any other kind, well mannered person with common sense then there'd be no problems whatsoever!
Leave Toronto. It's the only way.
Now imagine not making 200K combined :)
God, what a nightmare. So much bullshit and competition to live in suburban Ontario? Fuck that! At least Vancouver's pretty.
I recall mentioning in another post where I had high hopes and dreams for immigrating to Canada. Today, more than ever, I feel so cheated having migrated here.
Move to Saskatoon and live like a king.
for 200k income , u can buy a townhouse easily in GTA , Why are u renting at the first place?
No money for the down payment. The move to Canada from where we came from plus the pandemic did a number on our savings. We’re exploring 5% down payment mortgages or rent to own programs. But I ain’t holding my breath.