Airbnb in Regina: 299 residents currently have short-term licenses to rent out their properties

With hotels in and around Regina virtually sold out, many residents had to turn to other means of accommodation during Gray Cup week. Airbnb and Vrbo were both options in the city and surrounding area for those who were unable to secure a hotel room, some of which were booked solid a year in advance. The City of Regina was encouraging local residents to consider applying for a short-term license to rent their property to Gray…

Residential Lease Agreement | Free Rental Lease Form (Canada)

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties agree as follows: Leased Property The Landlord agrees to rent the Tenant the house, municipally described as __________ (the "Property"), for use as residential premises only. Subject to the provisions of this Lease, apart from the Tenant, no other persons will live in the Property without the prior written…

Robot Landlords Are Buying Up Houses

I am standing on the stoop of an empty brick row house in Pittsburgh, looking into my phone and rotating my head from side to side. The house is in an alleyway facing the back of a church. The mailbox is stuffed with rain-soaked junk mail. The rental company’s website finishes scanning my face and an algorithm decides that I do resemble the photo on the passport I uploaded earlier. I get a text with a temporary…

NJFOG Study Finds Systemic Lack of Compliance with the Open Public Meetings Act

FOR IMMEDIATE RELEASE New Jersey Foundation for Open Government, March 2021 New Jersey's local governments, on average, are only 60 percent in compliance with the New Jersey Open Public Meetings Act (OPMA), according to a study released by the New Jersey Foundation for Open Government (NJFOG). The OPMA, passed into law in 1975, has remained relatively unchanged over 45 years. The primary purpose of the OPMA is to conduct government meetings in public, keep a record…

Residential Lease Agreement | Free Rental Lease Form (Canada)

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties agree as follows: Leased Property The Landlord agrees to rent the Tenant the house, municipally described as __________ (the "Property"), for use as residential premises only. Subject to the provisions of this Lease, apart from the Tenant, no other persons will live in the Property without the prior written…

Why Ontario buyers are scooping up investment properties in Calgary

The days of Alberta bleeding residents to other provinces are gone, at least for now. In the second quarter alone, the province saw a net gain of about 10,000 people thanks to moves from other parts of the country, especially from Ontario.But people aren't just moving themselves and their families to Alberta — a high number are moving their money. In recent years, Calgary has seen a spike in out-of-province homebuyers scooping up investment properties they…

UK homes for rent slump to 14-year low

Receive free Residential property updatesWe'll send you a myFT Daily Digest email rounding up the latest Residential property news every morning. The number of UK homes available to rent has dropped to a 14-year low, piling more pressure on competing tenants to find an affordable place to live, a new analysis has found. In June, 241,000 homes were available in the private rented sector, compared to 370,000 in June 2019 — a fall of over one-third…

Hamilton’s short-term rental bylaw halted so city staff could focus on plans to stop renovations

The City of Hamilton has hit pause on enforcing its short-term rental tires.The new bylaw was supposed to go into effect Thursday, which would've made it illegal for property owners to rent out homes for less than 28 consecutive days on sites like Airbnb if they don't actually live there. The Council passed the bylaw in January to discourage people from buying investment properties for short-term rentals, in the hopes it would add hundreds of units…

Should I Rent Out My Home Before Listing It For Sale?

Here is a case study for you. ???? You want to sell your property and it's vacant, and you're wondering if you should put tenants in there for a year while they pay off your mortgage while it's sitting on the market, and then you try to sell it with them in it . ???????? Is that a good idea? ❓ I'm Chelsea Hamre from the Hamre Team at RE/MAX ????‍♀️???? It's in Ottawa, and the…

Buying a second home: How it works in Canada

Can you afford a second home? Familiarizing yourself with the mortgage rules for second properties is step one. Eventually, you'll have to answer the question, “Can I afford it?” If you're able to buy the property outright without borrowing any funds, the process is pretty straightforward. However, if you expect to apply for a second property mortgage, your lender will need to evaluate your financial profile. They will look at your income, your gross debt service…