Introduction: Ontario’s tenant-landlord laws have undergone significant updates in 2025, affecting both parties in the rental market. Understanding these changes is crucial for compliance and maintaining positive relationships. Key Changes: Rent Increase Limits: The 2025 guideline caps rent increases at 2.5%, with exemptions for new builds and certain other properties. Eviction...
Introduction: Ontario’s government has introduced new policies to address housing affordability and supply, directly impacting multi-family property owners. Staying informed is crucial for navigating these changes. Key Updates: Housing Supply Goals: The province aims to build 1.5 million new housing units by 2031, including student and retirement housing. Rent Control Guidelines: The 2025 rent...
Introduction: The Canadian Mortgage and Housing Corporation (CMHC) introduced significant policy changes in November 2024, impacting developers, lenders, and investors in the multi-family housing sector. These updates aim to address affordability, accessibility, and environmental concerns while ensuring financial stability in the housing market. Key Changes: Appraisal Requirements: All...
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