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.