Cadet Property Management

New Blog post! Winter .
https://www.cadetpropertymanagement.ca/blog .6qjcje1bb9a5

416-389-9748 - Blog Welcome. Here we engage deeper analysis and reflection into property management, the rental market, investment property and real estate management news.

https://soloontario.ca/the-landlord-and-tenant-boards-executives-were-going-to-break-the-back-of-this-backlog-of-2023/
Yesterday evening, a grassroots lobby group for landlords attended the Landlord and Tenant Board's public Zoom meeting on new announcements. It was a turbulent meeting to say the least! The article attached is a person's take on the situation: worth the read.
Some highlights: new forms, self-scheduling for certain applications and evening and weekend hearings (if both parties consent) are coming down the pipeline.

The Landlord and Tenant Board’s executives: “We’re going to break the back of this backlog in 2023.” The Ontario Landlord and Tenant Board holds regular meetings for “stakeholders,” which are generally those who use the LTB’s systems regularly such as paralegals. Over time, more and more landlords…

https://www.theglobeandmail.com/business/article-bidding-wars-and-bully-offers-are-back-in-torontos-competitive-rental/
The short and long of it: rents aren't going anywhere but up and expect to pay ABOVE listed prices.

Bidding wars and bully offers are back in Toronto’s competitive rental market Rents are skyrocketing and the pipeline of development is drying up