PEI government rolls out relief programs for landlords

The Island government is launching three new programs to support landlords during the 2023 rental freeze, with applications opening later next week.The first is a Rental Unit Property Tax Subsidy that will lower the cost of provincial property taxes payable in 2023. Owners of rental units in agreements longer than six months, as of Dec. 31, 2022, may be eligible for financial property tax benefits. The three categories are:Owners of long-term units where heat is included…

Forget Inflation, Apartment Rentals Will Get Worse Before Better

NEW YORK, NEW YORK - APRIL 28: People gather for a rally protesting rent hikes at City Hall Park on ... [+] April 28, 2022 in New York City. Various housing organizations and tenants from across the city gathered to protest the proposed rent increase for stabilized apartments by the Rent Guidelines Board and demand a rent rollback. The city says that there are about 966,000 apartments throughout the five boroughs that are rent-stabilized who will…

Is Housing Inflation Slowing Down? Trends To Look For In 2023

|Newsday via Getty Images Key takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it takes time for housing inflation to slow down. The outlook for 2023 is cloudy, with many factors coming into play. Over the past few years, the trend of rising home prices has left many would-be buyers priced out of the real estate…

5 Reasons to Become a Landlord (and 6 Reasons Not to)

If you've considered becoming a landlord, you might wonder if it's worth it. There are many pros to rent out property. You'll be your own boss and earn an income without working 40 hours every week.But if you're seriously considering it, you've probably wondered what landlords can do when tenants are struggling to find ways to pay the rent or how much money landlords actually make.Here are the upsides and downsides of becoming a landlord that…

Everything You Ever Wanted to Know About Real Estate Investing

real estate investment basicsThere are myriad investment options available to Americans looking to save for their future - stocks, bonds, mutual funds and exchange-traded funds (ETFs) are some of the most common choices. One investment possibility that some people forget about, though, is also one of the most basic at its heart - investing in real estate. For as long as people have divided up land, people have figured out ways to make money off of…