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Do Landlords Have To Pay Rent Deposit Interest To Tenants?

Rent Deposit Interests for Condo Rentals in Toronto Do landlords have to pay rent deposit interest to tenants for condo rentals in Toronto? Did you know Ontario landlords are required to pay their condo tenants annual interest on their last month rent deposit? Since it’s not technically used until the last month of tenancy, the landlord is required to pay the tenant interest on that deposit. And...

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Are Condo Rent Deposits Legal In Toronto?

Condo Rent Deposits in Toronto Rentals Market Condo rent deposits are legal in Toronto rentals markets but it depends on what type of deposit it is. Most Toronto landlords require that condo rental tenants initially pay first and last months rent via deposit before they move in, which is completely legal in Ontario. However, this is a rent deposit NOT a security deposit which is NOT allowed in...

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Toronto Condo Rental Scam Alert – Ice Condos

If you’re looking to rent a condo in Toronto off of Kijiji or Craig’s List, beware of a Toronto condo rental scam making its way through Ice Condos in downtown Toronto at 12 York St. Recently, a sophisticated group of scammers have advertised multiple units for immediate rent at Ice Condos. The scammers initially pose as rental agents via phone and text and are bold enough to then setup appointments...

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How Much Does A One Bedroom Condo Cost In Toronto?

If you're in the market to purchase a condo you may be asking how much does a one bedroom condo for sale cost in Toronto? The average one bedroom condo in Toronto costs around $750,000. That will typically get you a 600 to 700 square foot condo with parking and a locker. In addition to the average purchase price for a condo in Toronto, buyers will also need to pay a monthly maintenance fee that is...

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How Much Does It Cost To Rent A Condo In Toronto?

Many rental clients often ask me an for an update on condo rentals in Toronto and their primary question is focused on how much does it cost to rent a condo in Toronto? According to recent stats, the average rent per month for a 1-bedroom condo in Toronto has reached $2,300 per month. The average rental price for a 2-bedroom Toronto condo is now more than $3,000 per month. The average monthly...

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