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June 1, 2021
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GTA rental rates show signs of levelling out  
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The rapidly declining GTA rental rates observed in 2020 and early 2021 appear to be levelling out, according to new data from Bullpen Research & Consulting and TorontoRentals.com. So far in 2021, average GTA rental rates have decreased by less than 1 percent, while GTA rents in 2020 decreased by 16 percent overall since the onset of the pandemic last March.

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Headline News
»CAPREIT acquires two Montreal rental properties
 
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»Urban exodus in Ontario may be exaggerated
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Gaining the HVAC maintenance edge
If you want to extend the life and improve the performance of your HVAC equipment, having the right specs to maintain it counts. Specific types of equipment and technologies require different maintenance approaches, and a program that ignores these different needs could cost building owners/managers in the long run. »READ MORE
»Nova Scotia adds new protocols for showing rental units
 
»GTHA multi-res prioritized for EV charger funds
 
»Indoor temperatures logged in Ontario LTC homes
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Mi Property Portal is an All-in-One property management software for Canadian landlords, investors and property managers. It is built in accordance with Canadian regulations. An easy-to-use, modern and affordable software where property management processes flow naturally. » TRY IT FOR FREE.  

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Stricter mortgage stress test won’t quell buying frenzy anytime soon
A stricter stress test is coming into effect June 1 for home buyers with uninsured mortgages. Canada’s federal banking regulator said the minimum qualifying rate will rise to 5.25 percent, followed by an annual review. »READ MORE
IN CASE YOU MISSED IT:
Rents are rising in most major areas

Although average monthly rents continued to decline on a national basis, rents are rising regionally according to the latest rent report from Rentals.ca. Monthly data for April shows that average rents are rising in British Columbia, Ontario, Alberta and Quebec, suggesting the market might have turned a corner with increased tenant demand.  » READ MORE

 
 
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