Tag: housing
-
Selling a Tenanted Property in Ontario
By Latif Nizamani Selling a rental property in Ontario while a tenant is living in it requires careful planning. Under Ontario’s Residential Tenancies Act (RTA), a landlord generally cannot end a tenancy simply because they intend to sell the property or prefer to sell it vacant. Whether you are a landlord selling an investment property…
-
Real-estate firm plans to turn $500M worth of Toronto condo stock into rentals
By Latif Nizamani This is a major move by a real-estate investment firm to purchase roughly $500 million worth of unsold Toronto condominium units and convert them into purpose-built rental housing. The company believes many condo developers are struggling to sell units because of high interest rates, weak investor demand, rising construction costs, and affordability…
-
Ontario rolls out up to $130,000 in HST savings on new homes—but is it enough to move the market?
By Latif Nizamani Ontario’s housing market is currently facing a significant slowdown, with many new construction projects being delayed or cancelled and thousands of jobs at risk. In response to this downturn, the provincial government has introduced a temporary measure aimed at stimulating both home buying and construction activity. At the center of this initiative…
