There seems to be a lot of confusion when it comes to how and when to give a tenant notice to vacate when selling a tenanted home in Ontario. You can only give a tenant notice to vacate (using form N12) when you have a firm agreement of purchase and sale in place with instructions from the purchaser that they (or a family member) will be occupying the home. On the N12 form you choose “Reason #2” which specifies the purchaser will be occupying the home. If the buyer is not... [read more]

When is the best time to sell an investment property? Given the strength of the real estate market in the GT, GH and Golden Horseshoe areas, many investors have most likely thought about cashing out of their real estate investment. While the strength of the real estate market is an obvious reason to sell, real estate investors must also consider the situation with the current tenant before listing their investment property for sale. Many landlords don’t understand the legalities... [read more]

Real estate investors use a variety of calculations that can help them make decisions on potential investments. The most common calculations include Capitalization Rate (Cap Rate), Monthly Rental Factor, Gross Income Multiplier and Cash-on-Cash Returns. Cap Rate  CR = Net Operating Income/Property Value Probably the most widely known. It can be used to find the market value of a property if the market cap rate is known and the property has a solid verifiable income and expense... [read more]

When is the best time to sell an investment property? Given the price increases over the past couple of years in the GTA real estate market, many investors have most likely thought about cashing out of their real estate investment. While the strength of the real estate market is an obvious reason to sell, real estate investors must also consider the situation with the current tenant before listing their investment property for sale. Many landlords don’t understand the... [read more]

Buying a residential investment property is a big decision and should not be done without first doing your homework. Here are 10 important things to consider before you purchase. 1. What Type of Property Do You Want There are many types of properties to invest in including condo apartment units, condo townhouse units, freehold townhouse units, semi-detached homes, single family detached homes as well as multi-family homes such as duplexes and triplexes. A condo apartment unit is probably... [read more]