Topic

Real Estate Investing and Renting in Toronto

Picking the property, finding the tenant, and knowing the rules.

An investment property in Toronto has to work on two levels: what it costs you to hold each month, and what it is likely to be worth when you sell. Ontario's tenancy rules sit between the two. Moe Asgarian covers choosing a property, cash flow versus appreciation, finding a good tenant, short-term rental rules, and renting a home yourself.

Landlords, Rentals and Investment

Frequently asked questions

What makes a good investment property in the GTA?

One that tenants want and that the next buyer will want too. That usually means a practical layout, transit or a major employer nearby, fees and taxes that leave room in the rent, and a building or street with a steady sales history. A low price alone is not the test.

Should I invest for cash flow or for appreciation?

In much of the GTA the two pull against each other: the areas with the strongest long-term growth tend to have the thinnest monthly cash flow. Decide which one you need first. Someone who cannot cover a shortfall every month should not buy a property that depends on one.

How do I find a good tenant in Ontario?

Use the standard Ontario lease, ask for a rental application, check credit and employment, and call the previous landlord rather than only the current one. Take your time. Under Ontario's tenancy rules, choosing carefully at the start is far easier than fixing a bad choice later.

Have a question?

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