Rental
Want a Legal Basement Rental? Start With This Window: Ontario Egress Window Size Requirements Explained
What does a basement rental bedroom's egress window have to meet? According to the Ontario Building Code, a bedroom needs a direct exterior egress door or window; an egress window needs a minimum unobstructed openable area of 0.35 m² with no dimension less than 380 mm, and at least 550 mm of clearance where it opens into a window well. Here's the egress window requirement, other legal basement bedroom conditions, and how a landlord should verify compliance.
What Is a Cap Rate? The One Number to Understand Before Buying a GTA Rental
Buying a GTA rental? The cap rate (capitalization rate) is the core metric: cap rate = net operating income (NOI) ÷ price. Per 2026 market data, institutional Toronto apartment buildings trade around 3.5–4.5%, while small multiplexes individual investors buy run about 5–5.5%. Here's how to calculate it, what counts as "net," what a good cap rate is, and how it relates to your mortgage rate.
CMHC MLI Select: The High-Leverage Financing Tool for 5+ Unit Rental Investors
What is CMHC MLI Select? It's CMHC's flagship multi-unit (5+ unit) mortgage loan insurance, launched March 2022. According to CMHC, a points system (50/70/100) across affordability, energy efficiency and accessibility unlocks up to 95% LTV, up to 50-year amortization and 10%–30% premium discounts. Here's how the points, tiers and eligibility work.
Why GTA Rents Are Falling: Supply, Demand, and What It Means for You
Why have Greater Toronto Area rents been falling? According to Rentals.ca (2025), Toronto's average rent across all home types sits near $2,521, down about 4.8% year over year — paired with a 40-year high in purpose-built rental completions per Urbanation (2025). Here's the supply-and-demand story, and what it means for tenants and landlords.
Selling a Tenanted Property in Ontario: Can You Make the Tenant Leave?
Selling a rental in Ontario does not let you evict the tenant — the lease transfers to the buyer. A tenant can only be moved via an N12 when the buyer genuinely needs the unit for personal use, with 60 days notice, period-end termination and one month's rent.
Why Your Leasing Agent Asks for Documents Before Booking a Showing in the GTA
In the GTA, why does a leasing agent ask for your credit report, employment letter, and ID before a showing? Learn the OREA Form 410 package, what landlords legally can and cannot ask under Ontario's Human Rights Code, and how to build a winning application.
Bad-Faith N12 in Ontario: The One-Year Rule and Up to 12 Months’ Rent
When an Ontario landlord serves an N12 for own use (landlord, family or purchaser) but then rents or sells the unit instead, is it bad faith? A guide to the RTA's good-faith and one-year occupancy requirement, the affidavit an L2 needs, and the tenant's T5 claim worth up to 12 months' rent.
Legal Basement Apartments in Ontario: What Makes a Second Unit Legal
What does it take to make a basement rental legal in Ontario? A guide to the Bill 23 three-unit “as-of-right” policy, Ontario Building/Fire Code requirements, Toronto registration, and how a buyer verifies whether a listed “basement apartment” is truly legal.
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