A good article highlighting some implications of the #VacantHomeTax in the context of the landlord/tenant relationship. This tax is and will be seen as a disincentive to own rental property. @Landlordrelief@Landlordrescue https://t.co/S7IcW1VwMo via @thespec
Been Posting About This Going On 5 Years Now: Foreign Money in Canadian Real Estate Pay Virtually No Income Tax
5 years later Mainstream Media start to discuss it
Maybe 5 years from now our Government will start to think about it
What a country.....
The duplicitous money hungry realtor is of course an easy target, but I feel @cbcmarketplace didn’t ask any agents what it’s like working with FSBO sellers to get a different perspective.
So I’ll share my experience here in this 🧵1/
So, who's renting these homes? According to Toronto realtors, there is a combination of clientele. Fly-in executives, families doing expensive renos, and downsizers are often regular shoppers.
@TorontoStar
https://t.co/lbEBUFVKXq
Another Ontario landlord today because @OREAinfo doesn't properly give Realtors the tools to understand the rules for evicting tenants for the use of a potential purchaser. The best training for Realtors would be to have the seller contact a paralegal PRIOR to signing the APS.
Eviction instructions are up 43% from this time last year, numerous landlords instructed us are waiting to serve Section 21 notices after the 1st October, when notice periods drop to two months.
https://t.co/zUe4m5Tpgr
From a private paralegal LTB group colleague today:
Just got a notice of review hearing for an L1 rent app. Original hearing from Aug. 4. Tenant writes in review they knew about hearing but forgot to come therefore they weren't able to reasonably participate. Stayed til Nov. 15.
JFK in 1961: "If a free society cannot help the many who are poor, it cannot save the few who are rich." Berlin 2021: "Berlin’s bold proposal for surging rents: Evict the landlords" /via @globeandmail https://t.co/g5Ethnxcdu