ISLANDERS ‘desperate for housing’ are being targeted by scammers on Facebook with some victims losing their savings and one family even being made homeless as a result. States police have issued a warning about rental property scams being advertised on the social media platform which have already conned Islanders out of £22,000. They said scammers…
Rent Out Property
Choose the right property. Not all properties are created equal when it comes to renting them out. You’ll want to choose a property that is in a good location and that is well-maintained. This will help ensure that your tenants are happy and that they stay for a long time.
More than 86 per cent of London’s apartment condos are owned by investors: StatsCan
New data from Statistics Canada suggests more than 86 per cent of all apartment condominiums in the City of London were owned by investors in 2020 — a sign first-time buyers are being squeezed out of the market by investors, who are cashing in on the city’s severe undersupply of purpose-built rental apartments. The StatsCan…
Why rent is so expensive in 3 Canadian cities (that aren’t Toronto or Vancouver)
When rent goes up, it often goes up most dramatically in major urban centres. And, sure enough, Toronto and Vancouver have consistently been in the spotlight as rental prices have skyrocketed over the last year. A two-bedroom apartment in the Ontario capital averaged $1,765 a month in 2022, while the same place in Vancouver soared…
Rental fraud grows amid rise in fake, falsified tenant applications
Fraudulent home selling is a complicated scheme and represents a step up from simpler cases of mortgage fraud.Graeme Roy/The Canadian Press Criminal groups are increasingly using fake tenant applications to commit real estate fraud, at a time when a growing number of prospective renters are also falsifying information to gain an edge in a hyper-competitive…
Rent control: What tenants should know as rental prices surge across Canada – National
As inflation and high housing costs continue to bite Canadians, Toronto resident Annie Gibson is concerned and frustrated at the prospect of the rent going up for her one-bedroom apartment. The owner of her building in the west-end neighborhood of Parkdale is looking to increase the rent by 5.5 per cent — which is above…
At least 3 BC homes listed for sale without homeowners’ knowledge amid a surge in title fraud in Ontario
There have been at least three cases of attempted title fraud in BC since 2019, according to the province’s land title authority. Title fraud is a complex real estate crime in which fraudsters purport to be homeowners attempt to sell properties they do not own. The Land Title and Survey Authority of British Columbia (LTSA)…
Amsterdam fines home owners for illegally renting out their property
Social housing in Amsterdam. Photo: DutchNews.nlhousin Six home owners in Amsterdam have been fined €22,000 each for failing to live in properties they had bought, despite the legal requirement to do so. The home owners face a further €43,000 levy each if they continue to break the city rules officials said on Thursday. In one…
Landlord Calls Tenant to Tell Her He’s Doubling Her Rent
Source: Getty “Landlord TikTok” is a well-known genre that gets a lot of hate from folks on the platform. It typically features property owners or folks who have managed to put small down payments on the buildings/units they finance and proceed to rent them out to people looking for places to rent. Article continues below…
Hamilton to restrict short-term rentals to tackle the affordable housing crisis
It will soon be illegal for Hamilton homeowners to rent out their properties short-term if they don’t actually live there. Councilors passed a bylaw on Wednesday and will begin enforcement in June, with the hope it will free up housing stock for longer-term rentals for Hamilton residents. The bylaw will also ban commercial operators with…
No-cause eviction ban will send potential property-owners ‘running for the hills’: Yukon Party
Some renters are likely feeling some relief since the Yukon NDP and Liberal caucuses signed an extended confidence and supply agreement that includes provisions on rent caps and evictions without cause. Yukon NDP Leader Kate White touched on the details of the renewed deal in a joint Liberal-NDP press conference and signing ceremony at the…