Tag: Rental market
ANALYSIS: Why mortgage changes won’t loosen London’s tight rental market
The federal government’s move to allow first-time homebuyers to extend mortgages to 30 years is unlikely to filter down much relief for London renters fighting a tight vacancy rate and rising prices, industry watchers say.
London ‘renoviction’ bylaw approved but tenants unhappy: ‘Next to nothing’
London is set to become the second city in Ontario with a bylaw to protect tenants from bad faith “renovictions” â but it falls far short of what a tenants’ group demanded and won’t be in place for half a year. “I absolutely despise that I need to use this line, but the reality is […]
Tenants’ group frustrated as ‘toothless’ renoviction bylaw moves ahead
London tenants are a key step closer to getting more protection from renovictions under a bylaw approved by a council committee Monday.
As interest rates rise, small-time landlords look to sell off homes
Higher interest rates that have kept first-time homebuyers from entering the local housing market have now started to force mom-and-pop investors in London to sell their properties as their mortgage costs go up.
London’s short-term rental bylaw protects housing market: City official
London’s bylaw cracking down on short-term rentals protects the local housing market, city hall’s bylaw boss says, even as new figures suggest they take a minor toll on most communities.
Rent increases are slowing across Canada – and especially in London
Rents in London grew at a slower pace in July than they did across the country, which in turn posted its slowest growth in more than two years, the latest snapshot of the Canadian rental market shows. The average asking rent for all types of properties in the country was $2,201 in July, a year-over-year […]