In tight rental market, here's how to prepare for potential increase at renewal - BNN Bloomberg

List prices for new rentals were up about 20 per cent in May for cities like Toronto, Vancouver and Calgary compared with a year earlier, data from Rentals.ca showed.

Nova Scotia and New Brunswick had no limits on rent increases going into the pandemic, but a spike in migration and property buying led to soaring rental rate increases, prompting the provinces to bring in legislation for this year. However, Hunter, whose company works both in real estate sales and property management, said that many landlords are open to some discount if asked.

Cost increases, including rising interest rates, is also narrowing options for landlords in Toronto, said Christan Bosley, president of Bosley Real Estate, but there’s still the opportunity to ask. While it depends on how a property is managed, Bosley recommends an actual conversation to get the clearest picture.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In tight rental market, here’s how to prepare for potential increase at renewalList prices for new rentals were up about 20 per cent in May for cities like Toronto, Vancouver and Calgary compared with a year earlier
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. market doomsayers vindicated in historic first half - BNN BloombergThe selloff in stocks deepened after weak consumer-spending data fueled worries about a recession, with the S&P 500 suffering its cruelest first-half since Richard Nixon’s presidency.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bond market rebound is bad news for the economy: Gary Shilling - BNN BloombergOPINION: The good news is that yields in U.S. Treasury securities may be near their peak. The bad news is that makes the recession I’ve been forecasting since February more likely.
Source: BNNBloomberg - 🏆 83. / 50 Read more »