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07/18/2023
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Bank of Canada Raises Key Interest Rates to 5%
07/11/2023
Another group of Toronto tenants refuses to pay rent, this time amid near 10% proposed hike
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Another group of Toronto tenants refuses to pay rent, this time amid near 10% proposed hike Khalil Aldroubi and Tricia-Ann Israel are tenants at the Thorncliffe Park apartment complex who have started a rent strike to protest proposed above-guideline rent increases of almost 10% over the last two years. The Landlord and Tenant Board has not yet approved the AGIs, so tenants are only allowe...
How Much You Need to Earn to Afford a Home in Toronto
07/08/2023
Toronto rent rises – time to move towards the purchase market?
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Toronto rent rises – time to move towards the purchase market? The cost to rent a home in the Greater Toronto Area has spiked recently, with the average rent for a one-bedroom apartment reaching $2,474 and two-bedroom apartments rising 9.2% year over year to $3,162. This increase is due to interest rates and borrowing costs spiking, pushing homeownership out of...
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