As part of Ontario's Fair Housing Plan and Rental Fairness Act, the provincial government introduced a mandatory standard residential lease in 2018. Please read for more info on rent control, evictions, pets, deposits etc.
Did you know? Doug Ford removed rent control on new units? Click here for more info.
Working with a Realtor as a prospective tenant is FREE!
Landlords pay one month’s rent commission to list their rental property for:
listing services (both MLS & Kijiji)
professional photography, videography & floor plans
coordinating showings
screening tenants
executing binding contracts
collecting deposits, tenants insurance, utility set up
The Residential Tenancies Act is the law in Ontario that governs landlord and tenant relations covering everything you need to know about tenant and landlord rights and responsibilities.
The Landlord and Tenant Board deals with any disputes through mediation or adjudication.
Vacancy rates are at historical lows!
Did you know the average price of a 1 bedroom rental in Toronto is approx. $2300/month?!
To rent in Ontario, landlords typically require:
Rental Application - your references will be contacted
Letter of employment verifying income (self-employed are requested to provide Notice of Assessment)
Recent credit report (sign the rental app above & I can pull at my full service brokerage!)
Photo ID
First and last month’s rent liquid
due within 24 hours of an accepted Residential Tenancy Agreement in the form of wire transfer or direct deposit
Criteria to begin your rental search:
how many bedrooms/washrooms?
any pets?
do you require a parking space?
preferred geographic parameters or boundaries?
budget?
amenities?
FAQ - How much should I budget for utilities? Utilities are user and building specific:
rarely all inclusive
usually you will be obligated to pay your electricity (hydro)
cable/internet
water is often separately metered in new construction
snow removal and lawn care
This info is not to be construed as expert legal advice, tax advice, advice on zoning changes, engineering or environmental advice. Please seek independent professional advice on any of the above matters and concerns.