In this episode of “The Last Honest Realtor” podcast, host David Fleming is joined by colleague Tara Amina to dive deep into the current state of Toronto’s rental market. With a focus on the challenges and opportunities within the rental space, they explore how the market has shifted over the past year and what both landlords and tenants can expect moving forward.
David and Tara discuss the latest statistics, market dynamics, and the impact of new condo completions on rental supply. They provide valuable insights into the challenges faced by both renters and landlords, offering tips for navigating the complexities of the rental market.
This episode is a must-watch for real estate professionals, landlords, tenants, and anyone interested in understanding the intricacies of the Toronto rental market.
In This Episode:
- Overview of the current rental market: Is it really slowing down?
- The impact of new condo completions on the rental supply
- Comparing the rental market trends from last year to now
- Understanding absorption rates and their significance
- Horror stories from the rental market and lessons learned
- How to protect yourself as a landlord or tenant
- The importance of the Ontario Standard Lease
- Strategies for finding the right tenant
Timestamps:
00:00 – Introduction
00:05 – Welcoming listeners and discussing last week’s episode
00:35 – Introducing Tara Mina and setting the topic
00:47 – Overview of the current rental market
01:28 – Comparing market trends from last year
02:14 – Challenges faced by landlords and tenants
03:05 – The impact of new condo completions
05:08 – Understanding absorption rates
06:01 – Insights into competition in the rental market
10:01 – Horror stories from the rental market
12:21 – The importance of due diligence for landlords
15:03 – Challenges in dealing with scams and fraudulent listings
20:40 – Tips for tenants in finding a rental
25:10 – The role of the Ontario Standard Lease
31:05 – Final thoughts and wrap-up
Don’t Miss:
- David and Tara’s insights on the current rental market
- Real-life stories and analysis of market trends
- Practical advice for landlords and tenants navigating the rental space
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