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Many have been quick to trot out an old argument that rent control deters the building of new purpose-built rental. This argument doesn't hold water.
Failure to do so will put more pressures on vacancy rates and continue to inflate housing prices while squeezing new entrants out of the market.
Rental rates have risen in most Canadian cities over the past year.
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Kitchener, Ont. takes the crown.
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It's not easy to top global lists of "best places to live" while making headlines for real-estate growth. There are many amazing neighbourhoods for millennials to live in Canada, and here we explore some of the most popular choices.
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You're a renter and you appreciate the lifestyle. Ask any homeowner who has received an unexpected roof repair bill, or had to call a plumber -- or had to move to accept a job offer -- and you'll appreciate it even more -- especially all of you "all inclusive" renters. Have you heard the news about hydro prices these days? Or do you enjoy your luxury of not having to pay attention to that issue.
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Toronto and Vancouver are joining an elite club of cities where many can't afford to buy housing.
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You want an apartment? You can expect the landlord to ask for a long list of personal information: References, proof of employment, credit check, previous landlord -- and the list goes on. Some want T4s, some want even more intimate details. But what do you know about the landlord?
Renting is a very particular experience that comes with its own set of idiosyncrasies -- every renter is sure to recognize these -- and there are many, many more.
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A lot of renters don't realize they need Renters Insurance. Many think the building owner's insurance covers them. WRONG. You need to insure all your stuff. Here's why.
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Housing spaces exist but are unused, and subletting platforms allow these resources to find takers. The methods being used to fight a phenomenon that is highly beneficial for society, and for people who are sometimes truly in need, are completely ridiculous.
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Forty-two per cent of adults 20 to 29 were living with parents in 2011, up from 27 per cent in 1981. Half of Ontarians in their 20s live at home, according to Statistics Canada's 2011 National Household Survey.
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It's interesting to note that as we're seeing record-high prices and pricing increases in the buying and selling of residential real estate, we didn't see a translation of that to the maximum rent increase allowable. Instead we saw something towards the middle of the possible 2.5 per cent.
While some associations feel that the Ontario Residential Tenancies Act currently favours tenants (although associations representing tenants will disagree), there are proposed changes being debated that could shift the power back into the hands of the landlord.