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So did the compilation and got 14,350 completions for 2024 in the Don/Dufferin/Dupont/Lake area. That is about a 50% increase from last year!
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'Cash for keys' offers on the rise
Instances of landlords offering cash for tenants to vacate a unit have risen in Toronto, according to real estate professionals in the city.
Real estate experts say the practice is still relatively uncommon, but they have been seeing it more frequently in Canada’s biggest city as landlords face financial pressures such as higher interest rates.
Natalie Costello, founder of Natalie Costello Real Estate, told BNN Bloomberg that the practice of cash offerings for apartment keys has been on the rise. Last year, she started personally helping three clients through the process.
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www.bnnbloomberg.ca

'Cash for keys' offers on the rise in Toronto, real estate professionals say - BNN Bloomberg

Instances of landlords offering cash for tenants to vacate a unit have risen in Toronto, according to real estate professionals in the city.
www.bnnbloomberg.ca www.bnnbloomberg.ca
 
slickpete83 said:
this brings new meaning to the term "Bed & Breakfast" 😅🤣😂 , the new Brampton Bed & Breakfast special
https://twitter.com/x/status/1751726363034198210
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The house down the street from me, turned the dining room and bathroom into "bedrooms" They have a small motel style kitchenette in a corner and one bathroom on the lower level, that they all share. The bedrooms rent for $1200 a month for a jail cell sized room. It's like a jail, but at least jail cells come with toilets and sinks!

I've talked to the international students renting at the house, they don't seem to mind, they come from countries where they are sleeping in shacks and huts with dirt floors with no plumbing, this is five star living to them.

www.blogto.com

Someone in Toronto is renting out a $500 bedroom that's being compared to a 'jail cell'

Attempting to find a budget-friendly place to call home in Toronto's pricey real estate market can be like trying to find a needle in a haystack, a...
www.blogto.com www.blogto.com
 
For lack of a better place to put this, Teachers' real estate portfolio was trounced for the 2023 fiscal year and have announced they are pulling all real estate investment management staff out from Cadillac-Fairview and moving them in house, which I guess means CF will be left as only a property manager and leasing agent.
 
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afransen said:
I know it's fun to villainize landlords, but the real travesty is that rents feel like they don't have a better option than this.
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i agree , if i was a student i would do the same, what else can you do ? sleep outside in the park in a tent

was reading a story of one older lady that sold her house and wanted to rent during retirement , her total pension income was $45K , she couldn't even qualify for a 1 bedroom apartment in Toronto, she even offered to pay 12 months rent up front

With minimum income requirements, to qualify for an apartment a potential tenant must have an income high enough to ensure that s/he does not pay more than, for example, 25%-35% of that income towards rent.
 
slickpete83 said:
was reading a story of one older lady that sold her house and wanted to rent during retirement , her total pension income was $45K , she couldn't even qualify for a 1 bedroom apartment in Toronto, she even offered to pay 12 months rent up front
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Without knowing the circumstances, on the surface that sounds like madness. If you own your house outright you don’t sell it to rent elsewhere. Instead, you rent out your house and use that to pay your own rent.
 
If they're basing their approval on your income, you're still not going to find an apartment to rent.
 
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