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You should be ashamed of yourself in the first place supressing free speech while you enjoy the freedoms of Canada and the money of taxpayers who despise you.
Surely the bias you folks have securely wrapped around yourselves will keep you safe from any harms caused by written words 🙄 what a joke you have become......
@cbcthenational @marianaam8643 I feel for both sides. I have a rental property - not one that I purchased in hopes to profit off other people’s financial struggles - but one that was given to me when someone passed away. In any case, I take personal responsibility for screening MY clients thoroughly and I’ve never had an issue. Not once. So the first step is being an adult and taking ownership for selecting the clients you selected - again I’ve never had a problem with my one property! Ever. But there’s more to the story and CBC knows it. As usual, CBC has no problems presenting a biased, one-sided story because it suits their goals or narrative. Right now many of the landlords look like spoiled babies. First of all landlords ALREADY HAVE contributed to the housing crisis by buying “multiple” properties and driving up the cost of real estate driving up the cost of purchasing a home. Mom & Pop Landlord’s make up 30% of ALL rentals in Canada so you guys are DIRECTLY responsible “in part” for pricing 99.9% of young Canadians out of ever buying a home!! So that’s one reason we land lords are not getting so much sympathy. Let me be clear. No one sane or law abiding would condone torching someone’s place or damaging another’s property in any way. There is NO excuse for torching a place or for damaging anyone’s property. Ever!! And that should be a police matter. However, the landlords whine and complain that they didn’t get ahead as much as they hoped when they bought the property not giving a hoot that there is a dangerous housing crisis in this nation and that 99.9% of young Canadians are already priced I’ve ever buying a home. I know they don’t care about that. They just want to get a head. MEANWHILE they have no issue throwing a family that’s starving, or otherwise completely destitute people, out on the street. Like literally. Because they want their money. Again, I feel for both sides and I am Landlord with one inherited property myself. HOWEVER the issue goes beyond the hope to get ahead on the backs of your financially struggling tenants. Wake up. There is a housing crisis. Not a housing shortage a straight up dangerous crisis. Many families can’t even afford to feed their children. Did you ever think maybe your tenants hade to make a decision between rent or food? Again, you don’t care because you only care about getting ahead of the backs of already financially struggling tenants. YOU have no issues tossing out starving destitute people literally onto the street. But hey, it’s all about you isn’t it?!?! Well, stop whining because WE LAND LORDS have choices. We landlords live in a free country - we have choices. Here are our choices. Again let me reiterate that no one saying normal, or law abiding would condole stiffing anyone intentionally or damaging our rentals. (1) Sell the property because you can’t afford to pay the mortgage if it’s not rented. And since 30% of ALL rentals are owned by Mom and Pa there will soon be a lot more inventory on the SALE market reducing the price of real estate and enabling more young Canadians to actually purchase a home. And quit complaining - even if you do sell it, , you’ll still make a huge profit because we all know real estate prices have skyrocketed. So you get a big nice profit out of it even if you do sell. Second choice (2) STOP contributing to the housing crisis by buying properties for the sole purpose of renting them out in the first place - if they’re too much hassle for you and the risks are too much, then don’t jump in the first place. (3) Learn how to screen tenants properly and take responsibility for choosing bad tenants!! If you choose option one and can afford to keep your property empty without renting it out … (most land lords cannot, so that’s going to free up the majority of rental stock to sell that’s making homeownership more affordable for others). But if you CAN afford to keep your rental property, empty, then pay a empty homeowners tax which will go up every year in dramatically increasing increments. Don’t whine and complain that you didn’t get ahead as much as you hoped when you have no issue, throwing a family that’s starving, or otherwise destitute people on their last leg, out on the street. Omg I can’t believe the nerve of some of you people to show your privileged faces in public like this.
The tenant set fire to that man’s house but still had rights as a tenant!! That is total madness. The system is not only broken, it is creating dangerous and desparate situations.
It’s really unfortunate, but I’m sure it didn’t get there all by itself. Landlords need to learn that asking someone entire monthly wage just for rent isn’t acceptable. The. System needs to work for everyone not just landlords which the system already favours significantly, you can’t blame tenants for gaming the system the same way landlords games the system for maximum profit. Landlords have never had it better in terms of equity.
@@edward8972 This is just ignorant of what’s occurring in the video… Whilst there is absolutely a class of corporate landlords who are greedy and jacking up the prices , most of these landlords are small mom & pop renters. They’re charging either market price or below. Mortgage rates, interests rates and insurance rates are all sky rocketing. Thus asking for tennsnts to pay their rent is not “gaining the system “. It’s one thing if tenants are gonna be a bit behind on rent and communicate clearly, hell I’ve been there. Setting your apartment on fire however helps no one and just makes the problem worse as that’s one less unit in the market…lower supply higher prices.
Without a doubt, this year will be worse than the previous one. Last year, I lost a lot of money due to poor investing decisions that I would not have made if I hadn't been so concerned about my portfolio. I kept investing, but I wasn't sure if I should begin saving for a house. In the end, I sold everything I owned, and the house needed more care than I thought. I don't know how much longer I can go on like this
It's true. I was able to diversify my portfolio across many markets with the help of a financial planner, and the outcome was a net profit of over 400k from high dividend yield bonds, exchange-traded funds, and stocks. It is imperative that you have a variety of experiences, especially with well-known, profitable companies.
It's because the public service employees that our tax dollars pay for are all working from home and are not doing their job. There are 3 times more employees at the LTB since before the pandemic but only since they started working from home we have experienced a backlog. Get these people back in the office! Same goes for our federal public service workers who are fighting to remain working from home and don't want to be in the office even 3 days a week.
Can someone tell me why nonpayment should not equal automatic eviction?? Is there any other service that you can use and not pay?! Can you eat at a restaurant and leave without paying?! This is theft! Its a crime!! My tenant has an income of 250 k annually, 2 VERY high end SUVs in the driveway, and hasnt paid since day 1!! Just because he can. This is the result of a broken system that allows and perhaps promotes this criminal behavior. Nonpayment of rent should be immediate automatic eviction, period.
What's theft is you getting a mortgage and feeling entitled to someone else footing the bill. You're as scummy as the brown guido in the video. Do you have his watch and hairstyle too?
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
People don’t realize when small Mom and Pop landlords are gone they will be renting from some hedge fund company at 3x the rate they are renting now . I’m tired of small landlords being vilified . (I’m not a landlord) but a homeowner who sees how housing is becoming a commodity and it’s concerning.
Exactly. I considered becoming a landlord to help pay my mortgages. Not looking to exploit anyone, it's just that housing is way too expensive right now and I thought it could benefit both me and my tenant as I'm only aiming at an affordable price (I would still pay for a good portion of my mortgage). But in the end I didn't want to risk it. The current system is removing small landlords from the market and all that will be left are the bigger corporations.
The problem is that in order to have "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!
It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.
Such concerns also come to me. After 60, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?
For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.
@@face2lune I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@@kaylat63 *Mr Gary Mason Brooks* a highly respected figure in his field. I suggest delving deeper into his credentials, as he possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
We also need to start addressing a huge elephant in the room. Our abysmal vacation time. Plenty of people i know work slowly because they have nothing to look forward. Cant enjoy their salary and cant even get time to properly do the things they like. Why should they be productive? They are not benefitting from it. Most of world gets 3 to 4 weeks minimum, and europeans in particular are much more productive than us. Maybe giving people something to look forward too will help address our productivity crisis? Or is that too controversial for the cbc? Is it too controversial to say we are only healthy for so long, and would like to enjoy that time while we can?
Federal immigration policies did this. Nobody could outbuild the mass invasion the feds have invited. We now know they've been letting in terrorists under the student visa program, too. Stop blaming premiers when the problem is mostly the feds.
I mean I can solve every single one of these landlord's..... problems.... They can just sell their extra homes to people who want to live in them and then they would have NONE of these problems they are on here crying about....
So if the Homeowner runs out of money,and theBank repossess the home, does the non-paying tenant become of the responsibility bank? Does theBank have to go through the tenancy board to evict the tenant? This is crazy. Who in their right mind would want to invest in residential property in Canada ? 🇨🇦
The bank has the police escort the renters off the property leaving their valuables behind when they foreclose and the home and furniture is auctioned off or sold. The banks are assisted by the government landlords are not. Owning a rental home today in canada is a financially dangerous investment with new liberal and ndp laws. This is one reason homeless numbers are multiplying
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
Good. There are other things to invest in. Maybe you will sleep easier profiting off investments that dont cause people to worry about groceries or bills or homelessness.
@@abcdedfg8340 He didn't say he's going to sell the property, dingo. His comment only indicates that there will be one less rental property, further increasing demand. Making career-tenants like yourself to get rekt by the ever increasing rents due to lesser and lesser supply.
@@talksickgamer I own my house. Paid off even. But thanks for trying.... Oh and one of the bigger problems is the parasite landlord class. If we can get rid of that people can actually own their own homes.... weird.
My experience is from the other side of the story. I'm from Guatemala, me and my family moved to Canada on September 2022, because where coming with a child I decided to rent and pay in advance.... the landlord asked 6 months and I did that payment. When we came, the house was not the same we had seen in the photo's post. Was almost the same as the pictures at the beginning of this video. Everything was so dirty that we couldn't even put the luggage down on the floor. We asked our money back but month after month the landlord refused and threatened us. Plus in the apartment upstairs where living some drug dealers. It was terrifying. We spent a year of our lives in that situation until we were free. We asked for help after all institutions we knew, went to the Tenant board, to the police, to lawyers; but they said there were nothing to do, except moving out and losing our money. I can tell. The legal system must change in this matter, because it is failing.
Great story showing the other side of the coin. I am a small landlord with amazing tenants, but I know other landlords with horror stories like this. I've also seen nightmare landlords. Good landlords and good tenants need to band together to lobby the government to fix Ontario's Landlord & Tenant Board. The LTB needs to address BOTH bad tenants and bad landlords within a month, not a year. A broken system is hurting only responsible tenants and landlords.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@@canadapros Dude if you are saying homeowners need to subsidize 70%-150% of renters living that's not going to happen. You simply won't have anyone renting out homes. When that happens those who are renting them out will be charging even more.
@@canadapros Your post makes no sense. Rent, like other costs of living, are driven by demand. The government is in control and failing miserably as governments always do. The CBC of all pro government , lef tleaning media outlets is even exposing this reality. Please tell me where these rental that make %150 on my money are.
You know what's missing from this story? The manner in which governments are ensuring citizens can not get ahead financially. At every turn, the average person trying to stay above water financially, is burdened, reburdended, and overburdened to ensure that they can never get ahead. That's what absolute power does...keeps everyone else down.
14:50 sums up the landlords minds that wont rent out. I feel that and am on the same mindset after going through something similar with bad experience myself. I have 3 bedrooms to potentially rent out. I wont do it, because there are no protections for me if the tenants stop paying again. My spouse and I are younger(late 30s) and we made the right moves to get where we are and I wont risk our finances, property, and safety when such potentially bad outcomes still are possible. I feel bad for the honest renters.
I am a landlord and I am of Southern Italian descent. I have cousins who, let’s just say, operate by a different set of rules than us regular people. They have a property management company that manages all of my properties. They introduce themselves to all my tenants early on in the rental process. I have never had 1 tenant miss a rent payment in 18 years.
Not recommended. Laws exist for a reason. Vigilantism is wrong. We need stronger evictions and better enforcement so this doesn’t happen. Otherwise, we’ll start seeing dead or beaten tenants on the sidewalks.
It's very nice to see how our government gives our money to foreign entities but refuses to increase the budget of critical infrastructures in our country.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
My parents were also a victim to a tenant that refused to pay rent for months and has done this to multiple other people. It’s just sick that they get away with this. WE NEED STRICT PUNISHMENTS FOR PEOPLE DELIBERATELY NOT PAYING RENT.
Right because that won't get abused. This story is as old as time, your parents rented a space in a housing crisis where renting and keeping a space is precarious regardless of employment. That means 1. In any event that results in eviction one party is homeless. 2. Human rights need to veer in preventing homelessness befor non-homeless people are helped by recouping owed monies. It's literally laid out step by step and relates to the human rights. THe good news is what you think should happen won't, but that doesn't mean a better solution doesn't exist. With your ignorance I know it does for certain! :D
AND if people have a problem with that, they shouldn't rent out space eh? Sounds like they shouldn't have. Your parents were scammed by this country. Make no mistake.
@@EvansBoy1992a lot of small landlords are retirees or close to retirement ages. These are people who have already worked 25+ years, contributing to Ontario’s economy . Bad tenants shouldn’t be allowed to abuse them like this.
LOL, with Doug Ford. He took all protections away for both small landlords and renters. If you aren't a big player who can line the conservative pockets you're a nobody to him.
We also need to start addressing a huge elephant in the room. Our abysmal vacation time. Plenty of people i know work slowly because they have nothing to look forward. Cant enjoy their salary and cant even get time to properly do the things they like. Why should they be productive? They are not benefitting from it. Most of world gets 3 to 4 weeks minimum, and europeans in particular are much more productive than us. Maybe giving people something to look forward too will help address our productivity crisis? Or is that too controversial for the cbc? Is it too controversial to say we are only healthy for so long, and would like to enjoy that time while we can?
We had eight units total in the Barrie area, now we are down to three, soon to be two. Being a small landlord in Ontario is too much of a gamble financially for us now. One interaction with the LTB, drawn out over 16 months is proof enough to be done with renting out residential property. I wish all on both sides the best of luck. We'll be observing from the sidelines now.
@@thisgoesnowhereI get where you’re coming from with this, but if nobody’s a landlord, there’s nowhere for people to rent. Do you honestly believe the government is going to just skip right to it and completely overhaul the system?😂 I talk to people like you, who think nobody should invest in real estate, all the time, and I’m absolutely in for policy to ensure ethical landlord/tenant agreements, but I can’t fault someone for trying to get a leg up in life through property ownership.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@thisgoesnowhere How is it good that a GOOD landlord is forced out and housing is lost to people who either will turn it into a more expensive vacation rental, or use all the space they don't actually need because it's too much of a risk to rent out, or be a slumlord packing 4x as many international students into it while Canadians can't even afford a single room, or just do the same thing as the original landlord?
@@robertbouchard6719 Guess what, people with bad credit or bad history will live on the streets regardless of how they changed because we are fed up. Don't worry scum landlords like you that think this is okay will all end up on the streets. Dont come crying to us "slumlords" when that happens. Myself and many other landlords are fed up. My tenant is doing the same thing despite paying less than market rent. Once I toss him out I am just going to hold the house or have family live there or even use Airbnb I am never providing housing to someone again
@@vickyarvanitis1627 exactly why I am done, my house is being held hostage while I am stuck renting and paying for my home because my tenant is defaulting. I am done and everyone I know thats a landlord is done. When i retake possession I will never rent again, going forward I'll just do airbnb
Glad you learned that life is also to be enjoyed. Now lets try to be nicer to tenants too. And lets try to make it more affordable in general. Why did we create a society where we struggle to afford to live, only to retire, get unhealthy, and be old having done almost none of the things we wished to do? It seems like a terrible waste of our lives. We are only young and healthy once, lets try to to enjoy it and also be responsible. We are not machines, there are many things to do outside work. The most productive places have generous time off, 3 or 4 weeks seems to be minimum in them. Otherwise employees may simply stop caring, which could be a huge factor in our productivity crisis which does not seem to exist in europe or most places with reasonable minimum paid time off.
@@abcdedfg8340if tenants look after the property and pay the rent on time do get treated with respect unlike bottom feeders lovers who destroy the property and don't pay the rent.
@@MihaiRUdeROyou are right, if your rent doesn't cover your mortgage, it's not government job. It's your problem. But if someone stay in your house not paying rent, it's traspassing, law is law, no exception.
I know a retired couple who owned a rental property & who got hosed by their renters. They had to repair their home after the renter eventually left, & they then sold the rental home. There are too many irresponsible people out there who rely on their right to inhabit properties for free.
Wonder if they charged 1000/room :P These LLs tend to be the cause of their very demise. People don't like being preyed on. LLs have been doing it for years but its been truly predatory since 2019.
@@mykeprior3436 Just pay your rent, and treat the property like you would your own, its not rocket science Ive never had problems with a landlord, always nice and pleasant.
@@ryans1623 lol this guy, trolling the comments to call me out. Clearly a boomer without a single real life problem like working two jobs and still considering being homeless in order to ever have a shot at their own place.
@@mykeprior3436 What do you know about real work, try working offshore oil rigs, undersea welding you wouldnt last a hour much less a day, 2 jobs at starbucks and walmart dont cut it, and im not a boomer, they would be far to old to do strenuous work like that, get useful skills, that are needed and you will have the money to buy your own place, gender studies isnt it.
I had 2 rental properties and ended up selling both after my tenant heard Ford say don’t pay your rent in 2020. I had just retired and couldn’t take the risk. Also I had to pay my tenant an extra month rent because I was selling. Definitely not worth the headache of being a landlord.
Check the sunshine list of all agencies, boards, commissions related to LTB and its offshoots riding high on the goobermint dole. that's where the truly infuriating issue is.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
my neighbor rented a house to a couple both had good paying jobs he got first and last months rent then nothing for 2 years and had to pay them $10000.00 to move out so he could sell it before he lost it due to non payment of rent ......a friend has an apt in his house he rents out but the tenant has mental problems goes on an off his meds smashed holes in the walls stolen and sold most of the furniture in the apt the anxiety caused my friend to have a heart attack he has been waiting almost 15 months for a hearing with the LTB and it will be a zoom meeting ....why arent these LTB offices open to the public are they working from home ?
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
And if the tenants have good paying jobs, when you get your decision from the LTB for non payment of rent and the sheriff evicts the tenants, you can take your judgement to small claims court and garnishee their wages, put liens on their belongings and ruin their credit rating. If they have money, you can judge against them.
@@maryg4082if the tenants do not pay rent for months and owe someone tens of thousands of dollars, are you saying that person shouldn’t try to get their money back? At that point, the tenant has committed theft. Either way, for small landlords it almost never gets to garnishing wages because LTB is so backed up it takes years to get a court date. And if the tenant pays even 1% of the rent they owe, the process starts again and the years long wait too. Lots of bad tenants hold these small landlord hostage. Forcing them to sell their house, go into massive dept or pay out thousands to these tenants to get them to leave.
Oh, stop it drama queen. Claiming that you’re ALLEGEDLY getting threats to torch your property should be a civil should be a legal issue handled by the police!!!
Had a tenant that was struggling with paying rent before covid. Moved in another person while my wife and I were at a canucks game. He ended up being her boyfriend and being an awesome fellow who paid the rent on time and covered the past due rent. Got lucky. This was enough to scare us out of being a small landlord especially with all of the covid madness. Have a nice man cave now. Not worth the stress.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@canadapros You NEED to step outside of fantasy thinking. Of course tenants should pay the mortgage and costs. No one owes another person the right to financially or otherwise benefit without assuming any of the risks, or needing to qualify for an investment. Look at the hellscape of Venezuela. If the costs are too high to provide supply of something, then people stop providing it.
I don’t understand how it is too difficult for good landlords to get bad tenants evicted, but it is too easy for bad landlords to evict good tenants only to raise the rental prices and re-rent it. 🧐
The Landlord Tennant Board needs to be functional. You can't have tenants not paying rent for a year. These bad tenants know the system and are holding the landlords hostage.
No, Canadians voted for this. This is self-inflicted. They put McGuinty in power and then the lesbian. Then they put in Doug Ford, a closet liberal. Get used to this. There is more coming. They could have voted for the New Blue Party in Ontario and get some relief.
In my opinion it's being done to get people to stop renting and sell then the big companies will buy the houses and when they own enough of them in my opinion they will get their cronies to change the laws and after a month or so they can throw them out after a month or two. In my opinion it's all planned. You will own nothing and be happy
That's why I stopped renting out for people 4 years ago. It is not worth it. If govt still think landlords or new home buyers are the caused for this housing crisis. They should really do the calculations see why us home owners not renting out to tenants which would definitely help the housing market shortage. Now that the govt charges us vacancy tax if the property is vacant. Unbelievable. It makes me start thinking moving out of Canada. I live here all my life. I contribute the country, paying the taxes, not even breaking any laws. Our govt is letting all these bad tenants walking away and kicking us all in the stomach.
Born and raised in Ontario, and I can say for the first time in my life, I'm considering moving out of Canada. I've encouraged my children and grandchildren to apply for dual citizenship on their father's side. I don't have the same availability but I can move where a plane ride is only hours away. Canada has gone from a good place to live, to a USA vassal under the Trudeau Liberal gov't. We are financing proxy wars while disregarding the homeless camps. We are allowing millions of unskilled immigrants to live here promising them a home, food, clothing, jobs, education, etc. Promises which we cannot fulfil. We are ALL miserable; both new and old residents. It will take decades to undo the mess Ford and Trudeau have created in all parts of our lives.
Too much focus on the landlord-tenant relationship and unpaid rent. Bad actors are able to harass other tenants in their buildings on a daily basis and create an unsafe and uncomfortable environment for everyone with little to no consequence. It is in everyone’s best interest if such people are evicted faster. In fact, we need certain redlines which, when crossed, result in automatic evictions
Right because that won't be abused on innocent people, and it doesn and they get evicted. You don't have to be problematic to be easily evicted right now that's the problem. It's happeneing, what you want is happening, just to everyone, not people you specifically have intrusive thoughts about.
@@seanothepop4638 It usually takes at least a year to evict the most destructive, non paying tenants in Ontario. “Easy evictions” in Ontario only exist in theory.
@@ashleyc506 Hearing times for non payment of rent are now down to 4 months. If they would go back to in person hearings, the times would be even shorter.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
The same kind of policies in BC as well, driving landlords out of the business, reducing rental supply. So you can’t increase rentals by destroying the ones who offer them. Who’d have thought?
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
Tenants are struggling, too. Dont think the cost of living crisis is only affecting you. I think we would all benefit from a lower cost of living and higher wages to catch up with 4 decades of wage stagantion instead of being forced to rely on houses to fund retirement. Doesnt leave much time to enjoy life. Just slave away to pay off house, then do things one like, get health problems, and thats it. Just my opinion. Just my opinion.
@@abcdedfg8340 yes, but tenants are far more protected than small landlords. If a tenant doesn't pay, he maintains his home. If I don' pay, I lose that home, and get all the penalties and financial burdens. There has to be a middle ground.
@@genevieveleduc2208 They're supposed to be. You're gonna be upset for a long time into the future as that never changes. Canada is obligated to help homelessness (LMAO I know it doesn't actually do it, but neither does it do YOUR rights) first (In the case of homelessness through eviction) THEN puruse costs and what's owed. The priority is the displaced person first.
right most people think that way lmao. There you go you discovered and solved a thing. Most people, hey world! Most people think they don't have to pay rent, you can tell because most of the world's renters aren't paying rent. Check your head, check your mom's head (she gives the worst)
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@canadapros That does not mean one can choose not to pay rent. Obviously you never have rented. The rent never covers everything. Some renters demand and also wreck the premises. Being a landlord is.not a charity business.
Something has to be done to protect landlords against NON PAYING tenants, no wonder property owners do not want to rent. This is such a common story. I had a tenant that stopped paying in covid and got away with 2 years free rent, TOOK THE STOVE AND FRIG, AND DEMOLISHED THE APARTMENT. I had to replace "ALL" the flooring, drywall the walls from numerous holes. THey let their dog urinate all over the apartment. THen on top of that they did not pay the water bill and the $2,790 was ADDED TO "MY" taxes. GOOD GOSH! LET's MAKE RENTIN AS FAIR FOR LANDLORDS AND IT IS FOR TENANTS. STOP PAYING - GET OUT !!!!!
But we have to be careful to also protect paying tenants as well. And perhaps deal with slumlords who may be overcharging for rent for small spaces or may make things up to evict honest paying tenants
@@abcdedfg8340 Honestly I cannot understand any landlord wanted to evict a paying tenant who does not destroy their property. I have had tenants for over 14 years and would not think of evicting them for no reason but a few more dollars rent, and risk getting a deadbeat who does not pay or is always late or someone who will destroy my property and cost me $30,000 in repairs. In our local landlord association I know we all feel the same. We know how devastating it is to have a empty unit that you have to spend thousands on to repair VS keeping a good tenant and having rent payment you can count on.
You will find most tribunals are landlords taking tenants for non-payment of rent. There is this notion that landlords are large faceless, mean corporations that can absorb the abuse professional tenants inflict. In fact, many are mom-and-pop renting out basements or family homes handed down, etc. Many are just scraping by and such are selling and those rentals will be converted to single-family homes reducing rental capacity and increasing pressure on an already tight rental market. The cards are stacked against landlords in Ontario.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@@canadapros you can say that about any business … whats your point ..? What’s different about a contract you sign with a land lord vs any other contract ..?
@@Andrico77 any business bears the risk of bad debts. In the rental market, that is clearly a high risk… you should weigh that against the returns if you want to enter that business. Just like any other. Also litigating contracts doesn’t come for free so don’t pretend like a contract alone is your saving grace. Due dilligence is key in any business model. Ask an investor! Therefore: don’t come whining to me when after you entered a business without a lot of consideration and cannot collect on bad debts that it’s someone else’s fault
I have said in the past, if evictions were possible in a reasonable period of time and it was actually possible to collect monies owed. I'm reasonably confident the housing shortage would evaporate and spiking rental costs would flatten out.
100% agree with Lorina -- why should small landlords be responsible for housing people for free -- or even when they do pay rent -- destroy your property --- and you are responsible to pay to fix THEIR damages.
Not everyone is scamming the system and the responsibility is on the landlord so if the landlord doesn’t know the rights of the tenants then they should have done some research and informed themselves of rights, responsibility and liability associated with renting their property. Nobody forced you into renting your property, it was a risk you take because you believed that the reward outweighs the cost. If you invest in the stock market you don’t go to your broker and ask for the fee he charges back because you lost your investment….
@@mykeprior3436 When a squatter trashes a place and leaves a landlord in the hole, where do you think that money to recoup the losses comes from? It comes from the good, paying tenants. You can hate on landlords all you want, but that won’t change the fact that it’s the good tenants that pay for the bad tenants in the end. If you’re on the side of squatters rights, you’re on the side of higher rents.
And that is how they keep their long term contract on the Board. The gov't should have a dozen Boards available to keep current with demand while they are changing the laws.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
it is terrible some tenants think they are entitled to rent free as if the landlords are providing a charity property. Charity receives donations, landlords don't. Under the high interest rate era, having non-paying tenants some landlords may have to borrow money to cover the mortgage payment, tax and bills. That make them living in nightmares.
I agree the system rewards bad tenants and bad landlords over good paying tenants and honest landlords . but It's not really high interest environment, it's still negative rates when you account for inflation. Savers are still getting screwed big time.
If it's that bad then maybe landlords should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
Kudos to CBC for presenting a comprehensive and accurate picture that mom and pop landlords are experiencing. Given that these small landlords are contributing to 30% of the rental stock and they are exiting the market faster than new rental units are being built, the rental market is only going to get worst.
I feel for both sides. I have a rental property - not one that I purchased in hopes to profit off other people’s financial struggles - but one that was given to me with someone passed away. In any case, I take personal responsibility for screening my clients thoroughly and I’ve never had an issue. Not once. So the first step is being an adult and taking ownership for selecting the clients you selected again I’ve never had a problem with my one property! Right now many of you landlords look like spoiled babies. First of all landlords ALREADY HAVE contributed to the housing crisis by buying “multiple” properties and driving up the cost of real estate driving up the cost of purchasing a home. Mom Pop Landlord’s make up 30% of ALL rentals in Canada so you guys are DIRECTLY responsible in part for pricing 99.9% of young Canadians out of ever buying a home!! So that’s one reason we’re not getting that much sympathy. Let me be clear. No one sane or law abiding would condone torching someone’s place or damaging another’s property in any way. There is NO excuse for torching a place or for damaging anyone’s property. Ever!! And that should be a police matter. However, you whine and complain that you didn’t go ahead as much as you hoped when you bought the property not given a hoot but there is a dangerous housing crisis in this nation and that 99.9% of Canadians are already priced I’ve ever buying a home. I know you don’t care about that. You just want to get a head. MEANWHILE you have no issue throwing a family that’s starving out on the street. Like literally. Because you want your money. Again, I feel for both sides and I am Landlord with one inherited property myself. HOWEVER the issue goes beyond your hopes to get ahead on the backs of your financially struggling tenants. Wake up. There is a housing crisis. Not a housing shortage a straight up crisis. Many families can’t even afford to feed their children. Did you ever think maybe your tenants hade to make a decision between rent or food? Again, you don’t care because you only care about getting ahead of the backs of already financially struggling tenants. YOU have no issues tossing out starving destitute, people literally onto the street. But hey, it’s all about you isn’t it?!?! Well, stop whining because WE LAND LORDS have choices. We landlords live in a free country - we have choices. Here are our choices. Again let me reiterate that no one saying normal, or law abiding would condole stiffing anyone intentionally or damaging our rentals. (1) Sell the property because you can’t afford to pay the mortgage on it if it’s not rented. And since 30% of all rentals are owned by Mom and Pa. there will soon be a lot more inventory on the SALE market reducing the price of real estate and enabling more young Canadians to actually purchase a home. And even if you do sell it, , you’ll still make a huge profit because we all know real estate prices have skyrocketed. Second choice (2) STOP contributing to the housing crisis by buying properties for the sole purpose of renting them out - if they’re too much hassle for you and the risks are too much. (3) Learn how to screen tenants properly and take some responsibility for choosing bad tenants!! If you choose option one and can afford to keep your property empty without renting it out … most land lords cannot, so that’s going to free up the majority of rental stock to sell that’s making homeownership more affordable for others. But if you CAN afford to keep your rental property, empty, then pay the empty homeowners tax which I heard will increase every year in dramatically increasing increments. Don’t whine and complain that you didn’t get ahead as much as you hoped when you have no issue, throwing a family that’s starving, or otherwise destitute people on their last leg, out on the street. Omg I can’t believe the nerve of some of you people to show your privileged faces in public like this.
@GJ5580 I left a comment for you that presents a comprehensive overview of both sides. Not just your needs your wants your wish. Is your hopes your desires, but a general overall picture. Quit whining, and make some choices for yourself and they don’t involve vigilante justice are taking matters into your own hands. Why don’t you look at how you yourself are contributing to the housing crisis by buying up multiple properties, preventing many and Canadiens from ever owning a home in the first place!!
@@CynthiaPace-n7v Agreed that there is a housing crisis and prices have shot up beyond the affordability of most people. But this has little to do with investors buying up properties. Investors contributes to to demands side of the equation. If there is sufficient supply to offset the demand, prices would remain low. Various levels of government influence the housing supply though policies and making more land available through providing services such as water, sewer, transportation etc. If there are profits to be made, developers would simply sell more and the extra supply would offset the demand, thus keeping prices low. The reality is that developers are reluctant to build more because of thin margin and high risk. In recent years, there is an acute shortage of service land, thus driving up land costs. In a new condo building, various taxes contributed to a third of the selling price. Development charges (a tax levied by the city) is often not known until close to completion of a condo project. When profit margin for new builds are razor thin due to high land cost, rising labour and material costs and unprecedented high interest rates, this unknown can sometimes sink a project. On the one hand, you are telling mom and pop investors to stop buying and hence contributing to the housing crisis. On the other hand, you are acknowledging that there is a shortage of rental properties. If mom and pops buying, it would drive up the rent even more due to reduced supply. Most investors would tell you that they are not making a lot of money in rental properties. Many mom and pop landlords are experiencing negative cash flows. When you take into account acquisition costs (legal fees, land transfer tax, HST for new builds) and disposition costs (legal fees, realtors, capital gain tax), the average ROI usually ends up in the mid single digits. One is better off putting money in a GIC that offers a return of 6% or more with absolutely no hassle. Although the federal government can influence housing supply through subsidies and policies, but the solution lies squarely in the hands of the provinces. The Ford government has fail miserably in providing serviced land and affordable housing. Other than throwing money at the problem, they provides little leadership in developing a cohesive strategy.
THIS was the commen I was looking for. My exact sentiments. Thank you for clearly highlighting both sides of the argument @@CynthiaPace-n7v. You are right, no sane person will encourage burning down a place. However, people are struggling and desperate people will do desperate things. If you cannot afford the investment, then unfortunately you should sell. That's how investments work. 🤷🏾♀️
@@CynthiaPace-n7v If the only problem is that honest people who have to choose between eating and paying rent choose the former, this problem would barely exist. The real problem is government incentive given to tenants who are actually able to pay the rent, but they elect not to, as nothing happens to them if they cheat and lay or just ignore the landlord for years… And for any inconvenience the landlord may cause to them just by remining them to pay, they also have a mighty tool in their hands to punish the landlord for being sooo annoying - destroy the house… Why not, given that they never feel any consequences for that… And you are saying that is all my problem because I didn't know how to properly screen applicants. It is just my problem because I could not recognize who is a criminal, while the government is too busy enforcing thousands of bizarre rules in this overregulated country? Example, if I keep an inoperable or unlicensed motor vehicle on my driveway, which is otherwise no harm to anyone or anything, it won’t take long before they find out and fine me for that… So they, the government, HAVE resources for enforcing such bizarre rules and sanction such practically inconsequential offences while at the same time they cannot be of any help if somebody robs me for $30k a year in rent and also causes at least another $50k in property damages, just because they can… And people like you will just call it business risk - I should not be a landlord if I’m not ready to absorb all such losses INTENTIONALLY caused to me. So what you are proposing might actually be a solution. We, small single unit landlords, should all list our properties for sale. Then, big corporations will buy most of those units. They have much more tools and means (and connections with the government) to fight irresponsible tenants, so they will have much less problems dealing with this. Is this the ultimate goal?
Non payment of rent shouldn’t have to go to a tenant board for resolution. What other industry can you get away with non payment legally. If I didn’t make my car payment it wouldn’t be too long before someone came to take it back. Personally I’ve abandoned the idea of having a rental property, it’s just not worth it.
I had a tenant chronically late with rent . She trashed the house even the bathroom mirror was gone cabinets dismantled holes in every wall. I charged $600 rent for a full suite out of pity to a young single working girl. Lesson learned The damages amounted to more cost than i received in over a years rent. I will NEVER recover that. I’ve Air B and B’d it ever since. It’s more work but it’s also more money and stays in mint condition. A tenant credit system is long overdue in Canada. I would of reported her so the next person would know what they are up against not just the damages but the chronic late rent. Mortgage payments don’t wait for tenants to pay rent.
Damn, the more I think about this, the dumber it gets. People need homes - you don't need an extra house. No one is making you take on the risk of getting a second mortgage in an effort to use housing as a financial tool. If you can't afford the mortgage, you can sell the house. If someone has "bad renting credit", they're homeless. The idea that the government, which is already dealing with a homelessness/housing crisis, would ever attempt to make it easier for people with 2+ houses to extract further wealth at the expense of renters is pretty nuts. You'd have to be pretty entitled and out of touch to think that. Either don't take on risk you can't manage or learn how to assess potential renters more effectively. Also, how will you "never recover" the damages? Do you think that the value of your home is not going to continue increasing? Are you not now making MORE money through short term rentals? What are you talking about?
Buy a bunch of properties and rent them out. Make passive income and live the dream life. Hell no! In most countries these scumbag tenants would be dealt with within days. Shame on the government...
Why should you get to do that? What kind of leach are you? Maybe better you contribute to society. Those other countries you would have other major hassles.
Should be illegal to turn single family homes into 10+ “students” rooming houses . Turning literal flippin closets and charging the equivalent of rent for a single “room”. This house use to rent for 1000 but I think I’ll charge that per “bedroom” it’s insane
I'm not familiar with this practice, but it sounds like a quick fix for a housing shortage. If you don't want to rent a bedroom for 1000, then don't! Live somewhere else. Problem solved. You're welcome.
I never understood why landlords should be this helpless under the current system. Never have this issue in another other country. I am scared of renting out my place. This place has become lawless. The system fails to protect tenants and landlords alike. What is with the delay in processing the cases?
The moron LTB adjudicator who still found reason to give leniency to a criminal tenant who only provided a promise to a paying plan. Who are they kidding exactly? and why force the Landlord to accept someone who defaulted on their rent? This is crazy!
No one on the LTB obviously owns an investment property, hence why they are so out of touch. Perhaps if investors exited the market and left thousands of people homeless, and people sleeping on the steps of Town halls, municipal buildings or Parliament, perhaps then the government would be compelled to do something?🤔
That landlord should have the RIGHT to demand eviction after the hell she has been put through. No negotiation PERIOD! She should have lost that right the moment she decided not to pay rent, especially after two and three months.
No, the solution is to kick out squatters the moment they go into arrears. If a homeowner defaults on their mortgage, the bank takes power of sale. If a person defaults on car payments, the car gets repossessed. Why should people be allowed to steal housing? If you think people should be allowed to steal housing, you should know that the losses squatters generate are paid for by paying tenants downstream.
@@ashleyc506 why should landlords be allowed to steal someones paycheque? You sign the mortgage, thats btwn you and the bank. Inflating your rent to cover these costs makes the whole market more expensive, as every landlord will try to match the price regardless of whether they suffered a loss or not. The concept of rent being attached to mortgage should be criminal, bc it is exploitation.
@@ashleyc506 and you landlords expect us poories to choose either lose our rights, or have to pay for other ppls problems so you dont suffer losses for choosing to take on a risk. How is that not oppression? Youre defence is proving why you landlords should not be legally allowed to rent in the first place. You cant handle the burden and you think its fair to spread the damage of your burden and defer the consequences to diffuse as much aa possible. Youre destabilizing our quality of life to ensure you make profit. Sickening you think thats just or fair.
Ford single handedly created the Landlord Tenant problem in Ontario, starting with telling tenants that they don’t have to pay rent during COVID. Under Ford’s government, the Landlord Tenant Board is totally useless with hearing lead time of a year or more and evictions are near impossible. ‘Professional tenants’ are taking advantage of the delays and live rent free.
These tenants will one day have the table turn on them. At times people get terminal illness, and you wonder why...sometimes it's their wickedness visiting them.
I have a basement apartment. I’m recently retired so on a fixed income. There is no way that I will rent out my basement! I was lucky when I had student tenants but I have had it vacant until since last year and have no interest in having a tenant again. I’m using the space myself now. Bad tenants ruin it for everyone!
So we discourage Canadians from having children that would be 2nd, third, fourth generation citizens and instead bring in massive amounts of immigrants who need a lot of time to adjust to our system. We continue this mass immigration despite a massive housing shortage causing home purchase and rent prices to skyrocket. Then we defer mortgage payments and give out free money while stripping landlords of their rights. It's becoming a very interesting country.
Make evictions due to non-payment automatic, the tenant has 30 days to pay the outstanding amount in full or vacate the property, or they can be forcibly removed by police. The tenant has 90 days to appeal the eviction. If the eviction is appealed and upheld, the eviction is put on their LTB record (which would be available for landlords to check). If it is found the landlord evicted the tenants in bad faith, they must pay the former tenants 24 months worth of rent as damages within 90 days. If they are unable to pay or refuse to pay, the house/unit is forcibly sold to pay for the damages. This incentivizes tenants not paying rent to get out quickly and not clog the system with spurious appeals. It also heavily punishes landlords for unlawful/dishonest evictions.
Government needs to compensate people for that then. If they're going to demand people give housing to the problematic, they should pay the back rent and damages. No one should lose their house because someone they aren't even related to is a wreck.
Canada punishes taxpayers instead of thugs. If you get assaulted in a train, you as the victim get in more trouble for carrying weapons to protect your life than thugs do for assault. 🤷🏻♂️
@@rickyemmirt4120 Don't vote liberal federally and don't vote conservatives provincially. Liberals drive inflation, conservatives prefer a lawless zero enforcement of laws and regulations anarchy. Neither party has any interest in fixing the housing crisis.
@@butwhytharum But ending up in the poor house when interest are high for your first property while paying capital gains on your second while property prices sky rocket and you not getting your rent...that must be really really smart...if so vote Justin back in
@@OmniFilm-dk8ox thought it was Trudeau bringing in all the immigrant students to rent those leveraged propertys...? Why did you mortgage a 2nd property when the first wasn't paid? Big brain move there... My coworkers are like you... Whaaaa my debt got more expensive... Why did you spend what you didn't have in the first place.
Well some lanlords wanted to have 10 investment houses on 2% interest rate, while simultaneously voting for liberal government that keep the supply low and demand high so your value only went up. I don’t agree with this behavior, but wouldnt it be better if people could just afford their own houses?
We live in a capitalist country where you can do whatever you want with your money, if you want to buy a house for your children in the future, why not? This is not China, Cuba or North Korea where you cannot own anything. This is Canada come on is Canada
It definitely would be. But even at our highest rate, home ownership didn't quite reach 70%. That's a lot of people who will always, for whatever reason, need somewhere to rent.
@alanj9978 I'm pre-approved for 249k with excellent credit score. But because of the speculative investing landlords I can't afford a home within a reasonable drive to work. And what I pay in rent is unaffordable
Not everyone can afford to buy their own house, nor may they want to. Just remember that ultimately the renter will assume the costs of added risk and loss for the landlord. It will either be in the form of higher rent or reduced rental capacity due to small landlords leaving the market (which will drive up rents). And don't just blame the federal Liberals for the housing crisis. It's the shortage of tradespeople, rapid increase in interest rates worldwide, years of restrictive city zoning, Covid after effects, and recent wars forcing refugees to flee their homelands. I'm sure I missed some things.
@@AlexM-iq3nh I think you might be jumping to conclusions. The issue is supply. Let me put it this way, almost all those rentals are likely filled. If there were 10-20% more homes available, all property prices would come down dramatically and you could likely afford a property. So the question is really, why isn't there more supply?
A lot of this comes down to the fact that our court systems are not sufficiently staffed, especially given the rise in population in Ontario in the last few years. The proportion of judges to population has gone down, causing backlogs in all judicial areas of government. Yes, it's bad when tenants don't pay rent. Yes, it's bad when landlords don't repair. Having a system with delays ends up punishing good landlords and good tenants throughout the wait. More immediate rulings mitigate that. It's already illegal to not pay your rent or to not do sufficient repairs; making it "double illegal" does nothing to help. The real problem is that enforcement of the law is done at a snail's pace.
I would never be a landlord again. Totally understandable that landlords are switching to short term rentals. They’re not under the Landlord and Tenants act
@@skillcoiler Do you realize that many rentals are suites within homes or laneways? If loser tenants are able to take advantage of a homeowner's kindness, they will keep their units vacant. Loser tenants hurt good tenants by creating less inventory and more checks prior to owner's renting out their units. Also, the increase in Capital gains taxes, while you may celebrate it, will further limit supply. If owners could kick out problematic tenants within a reasonable timeframe and have them actually accountable for damages, more owners would open up their empty units. Personally, I will keep my units vacant should I build a new home at some point.. there is zero chance, I want to be stuck living next to a loser tenant. It's like cities opening up a housing shelter in nice neighbourhoods, and expecting crime to decrease... 100% crime will increase and neighbours will be threatened / assaulted when shelters are opened up in neighbourhoods; but there is so much money at play for the cities / buddies.
@@Ryousure I mean I am sure that YOU thought that was an intelligent gotcha response to my comment but.... sorry to say it wasn't even on topic to my comment. So to answer your question, as you asked in context to my comment, no I do not sell my extra money for money....
@@MrTrevorDidier Or once again.... they could SELL their extra homes to people who want to live there.... This is not even remotely complicated to understand I wonder why you are having a hard time doing so....
Here’s what pisses me off watching this as a renter for the last 14 years every single landlord has been a complete a haul and try to keep the deposit we have had to call the police and we have had to say that we’re not leaving until we get our money back. This is fine showing bad tenants, and we all know it happens but be fair and show the other side of the story there are for every bad tenant. There is too bad landlords I can tell you that from experience we have always paid our rent on time. Never missed a payment, clean the property as good as it was when we moved in and we have had to fight for a deposit back. It just needs to be a government run industry and as much as I prefer free capitalism and agree with that in this instance, there’s too many shady people on both sides, and if it was ran by the government, the losses wouldn’t be affecting the people in their pocket but I guess then every taxpayer would be paying for the losses. I don’t know what the answer is, but it’s never fair on both sides.🤷♀️.
All holed Landlords do exist, I will grant you that - but they are KNOWN OF IN SHORT ORDER so, they have problems getting ANY TENANTS AS "THE WORD SPREADS QUICKLY". It is actually no different than car mechanic repair shops....they NEED the business of customers ; so if they get a bad reputation; payments still have to be made so they suffer as they need many clients to pay off their costs. A landlord has costs too; land taxes, utilities, maintenance of the rental as everything breaks down or wears out sooner or later from being used. Normal use it may last 10+ years of normal usage- or 10 renters. That essentially is what makes up RENT. It just takes ONE to eFF that. . As I reflect on this, as I was a repair man for a hotelier, I realize I never checked the bathroom of a unit. The guy who rented the room for a night. It looks like he had a hunting knife with a point and did every square inch of the rental stove, fridge, counters, walls, doors, furniture, (I forgot to check the bathroom toilet ceramic)door frames, they are little holes but still this HAS TO BE REPAIRED before the room could be rented out again...and the standard punch a hole in a wall or door repair. Not normal behavior.. He skipped off with his damage deposit fully refunded. This is the kind of tenants we get. . It wasn't a CHALLENGE. People like this ruin it for the rest.
I think there’s a site you can go to to view reviews on both landlords and tenants. Someone created it so people would have a way to retaliate against people like this and hopefully help the next. I’m sure you can google it easily enough. Obviously not everyone will be on there but it’s a start. If it continues to grow it could be invaluable. What we need is for the A hole landlords to get the A hole renters! Then they can deal with each other as leave the rest of us alone.
The government is the problem. Renting is a private contract between two parties. Failure by either party is a civil matter. There is no role here for the government. It is their interference that drives costs up by artificially suppressing rent increases to the point they can not maintain or improve the building. I know many people who would not buy a place to live because of below market rentals. It messed the whole system up. A lot of rentals were turned into condos making things worse. This is when bad landlords saw an opportunity. Get these buildings cheap. Use all the loopholes to get a tenant out. Remodel units, raise rents and then resell buildings. These loopholes were provided from previous. board decisions. Millions wasted trying to overregulate a private contract. Get rid of this and new rentals will be built. More competition ensures fair rents.
Yes, there also bad landlords but the reality nowadays is how the laws tend to favor tenants now. Look at the USA as an example. They have tenants and squatter's rights as well and bad tenants and professional squatters game the system because of this lopsided law.
The government needs to step out of controlling home owners. Owners should not need permission to remove people from their own homes and properties. If tenants get evicted without actual resons they can sue in civil court. Forcing homeowners to have to tolerate being abused by people living in their homes is outrageous!!!!
Really, so the bank should be able to foreclose on you "just because" and kick you out without notice or legal permission? Thats an insane and gross violation of one's rights.
I called the city for help With hoarders, they told me they only help Tenants. The basement was stacked to the ceiling, barely getting to furnace, leaked the hot water tank, built two other sheds in a small Backyard, the backyard was littered with junk. It was awful. Did not pay rent for months, took a year to get hearing, on open room. Never see any money returned even after ltb. They should have a credit bureau at the hearings and garnish immediately!
My last landlord promised us a long term lease… asked us to move out 6 months in because she wanted to “move in”. We got priced out of the market in our area as a result. Living back at my parent’s place with my family of 5 because these landlords want $4k/ month just for the top half of a house.
This is not just in Ontario, I'm living in the Yukon and it is the same here. No help from nowhere especially non from the party that pushed the protection for tenants, but nothing for the Landlords.
Bad renters need to be evicted quickly …for the sake of the other tenants in the building. If you’re on the same floor as one of these asshats ,your life becomes miserable. You feel unsafe and your sense of sanctuary is gone. And all because the landlord is forced to wait an inordinate amount of time before any evictions can be processed. What about the rest of us in the building? We pay our rent and we want to feel secure and peaceful in our homes. Think about us too
The same rules that keep the landlord from evicting your neighbour keeps you safe from violations by the landlord too. You may think you know what is happening between the landlord and your neighbour but perhaps you only know the partial story, I don’t know. I DO know that without the rules that protect your neighbour from being evicted immediately also prevents you from being evicted should someone offer to pay more for your rental than you can afford to match or for your landlord to make other unreasonable demands upon you for your continued good standing. No the system is not perfect but it’s better than what the Landlord’s would have it be if it were left solely to them once more. Believe it or not they used to be able to do pretty much whatever they wanted to do with their property regardless of who was paying for the space. Those were NOT the good old days….
This is so sad. A family i know rented the basement to a professional tenant. They rented the basement out before and never had an issue for 8 years with their tenants. I don't think tenants understand the mental abuse that lamdlords endure or the stress the landlords endure when the tenant stops paying rent. Some states in the US are changing the lamguage around what a tenant is to separate squatters from tenants. Small landlords are not the same as bulding landlords. If you don't pay your mortgage your house gets taken away. But the tenant stays rent free. I dont think the people in charge of Ontario's housing actually realize the support small landlords offer to the housing market. I also question the objectivity of the presiding decision makers at the LTB. There is no information on their credentials or their educational background. Landlords are just supposed to hope that the presiding official will see the facts. Without testing for true objectivity of these individuals how do we know that they are even actually qualified to make these kinds of life, mental and health impacting decisions. Tenants have ao much support and so many rights yet they find loopholes which the government still isn't closing. Now there is a vacancy tax for toronto home owners. The system needs to change to aupport both sides! There are good tenants and good landlords. There are bad tenants and bad landlords. The bad tenants are getting through the cracks and meeting good landlords - this needs to stop. Bad tenants need to be reprimanded. The credit bureau reporting doesnt do a thing!! Landlords should not be left feeling helpless when they are being done wrong.
Why is it okay for a tenant to not pay for a house when literally every adult pays for a roof some way shape or form. If a landlord defaults they lose their home. Why should a tenant be allowed to default let alone destroy someone elses home. You dont know what it took for someone to buy a home or how circumstances change. Tenants go through hardships too but my point is if you OWN you cannot go without paying for a roof over your head without consequeces, its not a landlords responsibility to house a GROWN ADULT for free and cover their living expenses. Thats what tenants that are okay with this are basically expecting. Our country is filled with pathetic man children and this is why its going down the toilet
@@tRaInWrEcK4751you guys wanted higher value homes. Now youre the only ones who can afford them and you cant even afford them. Looks like you bit off more than you can chew, but like spoiled brats expect to alwasy be in control to defer consequences on some poor chap.
Landlords should be aware of this being a risk before going into it. Its also not a bad thing if there are less landlords as investment properties is what is propping up the housing market
Right, but the risks are unjust. And, plenty of landlords are not investment property owners. Many live in their own house and rent some/part to a tenant.
Less landlords??? yup its happening already in toronto, that;s why there is a housing crisis in Toronto, people stopped renting out units in their homes. Why would you want to make it worse?
Less landlords mean there will be less properties available for people who have to rent. If there are no landlords, only owners, then anyone who cannot buy a house would be living on the street.
The exact same could be said back to landlords. If the tenant could pay for the mortgage, they would. And they wouldnt have to deal with an a hole landlord either
@@XetaXones not all landlords born with a silver spoon. They put savings at priority, cut all unnecessary expenses, no expensive travel, eat simple etc. Many work two jobs to buy a house. Nothing comes free and easy. Ask yourself can you sacrifice a lot to own a house? If not, don't sabotage small landlords. Without them, tenants stuck with big corporations rental. Think twice before complaining.
@@supercoppy i dont care. That doesnt change the fact that bc you managed to be able to buy up multiple properties, you contribute the skyrocketing of house prices. Now most tenants are working ppl whod would otherwise be able to afford their own home. Now its not working out for you so you expect to erode ALL tenant rights to make sure your investment is guaranteed a return. Youre oppressors. Sell your house, single family homes and mortgages were never intended to be abused this way. It shouldve been illegal from the get go, it has caused so much instability and problems, not to mention made everyone without a home poorer. You guys eroded the quality of life so now ppl have to share close loving quarters with these “problem tenants” who directly make our lives worse and more dangerous too. I remember growing up in apartment buildings, now its “rooming houses”. Tenant rights shouldnt be eroded just to make you more comfortable and guarantee your investment has a return. You wouldnt be able to do that in the stock market. But bc its humans you expect to work the system in your favour to the detriment of ppl not as wealthy as you. You landlords have made yourselves a direct threat to the few protections there for the underclass ppl. You erode the quality of life and then expect to erode it more til it works absolute in your favour? Youre oppressors.
@@XetaXones lol you are a sad and passive person. I feel sorry for you that you think the world owes you but in reality you can't sacrifice like many people do,instead, full of hate, anger and jealousy. You think many small landlords owned multiple houses? Many of them only own a house, they rented out the basement or top floor and they are in blue collar jobs. If you are in white collar job and cannot afford a mortgage then you should think of changing your job to blue collar. Why a blue collar can get a mortgage and white collar cannot? 😉
If a tenant fails to pay rent for one month, they should be subject to removal without the need for court intervention. It is unfair for landlords to bear the financial burden of non-paying tenants. If any lawmaker believes it is unjust to evict tenants for non-payment, they should personally cover the unpaid rent to understand the implications.
Sold our rental about 10 years ago because of one problem tenant wrecking the place , disturbing other tenants and non payment. Went to the LTB who suggested an arbitration which we did, the tenant promised to pay, well they didn't and it was another couple of months before we finally got the order for an immediate eviction. Took it to the Sheriffs office, and they said they would need two to three weeks because they had to do a "safety something" before they would go.. and that lack of action ran into another month of lost rent. We lost thousands. Never again. Anyone we know who is considering renting out a basement suite etc we warn them they'll regret it.
Douglas Kwan of the Tenant Advocacy Group, is providing wrong stats. Cases have increased and staffing had shrunk perhaps to balance the budget or in anticipation of the claims of the automation product. Though they may have hired new staff recently to pump up the numbers experienced staff left. However, this is not a battle between landlords and tenants. The Ontario LTB has become useless under, Doug Ford, Conservatives. When the courts don't work you will get the rise of the mob. That is a horror no one should want but it will happen if things aren't fixed and more money poured into it. What is a balanced budget worth in a mobed up housing market? A ounce of prevention is worth a pound of cure.
I agree with this guy. I am going through the same thing where my tenant don’t want to pay. We need a petition. It is an unfortunate situation. The government fail the system
we need more rights for the landlords. And we need faster ways to kick out tenants for non-payment. it's not fair to the landlord waiting 16 months.!!!!!
LTB is grossly inefficient!!! Some days are fully scheduled where cases are adjourned due to running out of time, while others are scheduled for full day and completed by lunch.
The LTB was never designed to deal with small landlords getting other ppl to pay for their mortgages. It has clearly caused instability in the entire society, indirectly and directly. It should be illegal for landlords to buy multiple single family homes to rent for profit. It has no benefit to landlords, tenants, employers or society at large. This entire problem makes no sense, only continues bc of stubborn control obsessed ppl who refuse to accept they over played their hand and cut their losses
Unfortunately, there is a rare tenant at the end of their rope with a bad landlord who won't fix anything. It's why the law allows tenants to explain why they withheld and show receipts for required repairs needed for habitability. Our society has been saddled with both bad tenants and bad landlords forever.
@@harlanjackson6112 You are telling me they dont pay their rent for a year and then show a couple of receipts for repairs and that is all acceptable to the courts.
People r so entitled and arrogant. Canada does not have huge social housing it highly dependent on private and individuals landlords. If people just stop renting basement suites alone will be a huge shock to the system. Landlords are not your parents it’s not their responsibility to cuddle ur irresponsible behavior. I see commenters saying the risk is on the landlord for having housing investment WTF. tenants should have rights from abuse but that right should only exist as long as they pay rent and not damage property. Just like child support the court should put a lean on their paycheck if they failed. You can’t simply stay without rent for like 16 months ridiculous. Try renting to people like family friend or some one with contact, check their background professionally in social media
If it's that bad then maybe landlords should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else instead of being a rent-seeking parasite that has other people pay your mortgage for you while you take homes off the market
@@gallagherhelensounds great. If there are no rental units at all, how are new immigrants, students, women running from abused relationships, divorcees, temporary residents to find housing? I came from communism and this idea that communism is free rent, free drugs,free food because government provides it is not working.
Accountability is the key. Tenants must be held accountable to pay rents, damages, and fees with few exceptions. Second tenants need to be held accountable for bad behaviour which doesn't meet the threshold of police involvement. The solution is a collection system, with teeth, administered by the courts. Similar to the way Bailiffs in UK operate. As well as a registry of "bad" tenants, after court judgment, administered by the court and accessible for public viewing. Evictions, damages, continuous late payments would be seen by prospective landlords weeding out bad faith tenants with an enforcement arm to collect the bad debt.
We’ve opened comments on this video to hear your ideas and experiences related to this story. Comments remain closed on other posts to try to reduce harm to the subjects of our content, our staff and the audience.
Considering you are inconsistent in your openness to comments at the cbc, you don’t deserve to get feedback.
You should be ashamed of yourself in the first place supressing free speech while you enjoy the freedoms of Canada and the money of taxpayers who despise you.
This is synonymous as legally "Robbing" the landlord. This should be treated as a criminal offense same as theft from the grocery store.
Surely the bias you folks have securely wrapped around yourselves will keep you safe from any harms caused by written words 🙄 what a joke you have become......
@cbcthenational @marianaam8643 I feel for both sides. I have a rental property - not one that I purchased in hopes to profit off other people’s financial struggles - but one that was given to me when someone passed away. In any case, I take personal responsibility for screening MY clients thoroughly and I’ve never had an issue. Not once. So the first step is being an adult and taking ownership for selecting the clients you selected - again I’ve never had a problem with my one property! Ever. But there’s more to the story and CBC knows it. As usual, CBC has no problems presenting a biased, one-sided story because it suits their goals or narrative.
Right now many of the landlords look like spoiled babies. First of all landlords ALREADY HAVE contributed to the housing crisis by buying “multiple” properties and driving up the cost of real estate driving up the cost of purchasing a home. Mom & Pop Landlord’s make up 30% of ALL rentals in Canada so you guys are DIRECTLY responsible “in part” for pricing 99.9% of young Canadians out of ever buying a home!! So that’s one reason we land lords are not getting so much sympathy.
Let me be clear. No one sane or law abiding would condone torching someone’s place or damaging another’s property in any way. There is NO excuse for torching a place or for damaging anyone’s property. Ever!! And that should be a police matter.
However, the landlords whine and complain that they didn’t get ahead as much as they hoped when they bought the property not giving a hoot that there is a dangerous housing crisis in this nation and that 99.9% of young Canadians are already priced I’ve ever buying a home. I know they don’t care about that. They just want to get a head. MEANWHILE they have no issue throwing a family that’s starving, or otherwise completely destitute people, out on the street. Like literally. Because they want their money. Again, I feel for both sides and I am Landlord with one inherited property myself.
HOWEVER the issue goes beyond the hope to get ahead on the backs of your financially struggling tenants. Wake up. There is a housing crisis. Not a housing shortage a straight up dangerous crisis. Many families can’t even afford to feed their children. Did you ever think maybe your tenants hade to make a decision between rent or food? Again, you don’t care because you only care about getting ahead of the backs of already financially struggling tenants. YOU have no issues tossing out starving destitute people literally onto the street. But hey, it’s all about you isn’t it?!?!
Well, stop whining because WE LAND LORDS have choices. We landlords live in a free country - we have choices. Here are our choices. Again let me reiterate that no one saying normal, or law abiding would condole stiffing anyone intentionally or damaging our rentals. (1) Sell the property because you can’t afford to pay the mortgage if it’s not rented. And since 30% of ALL rentals are owned by Mom and Pa there will soon be a lot more inventory on the SALE market reducing the price of real estate and enabling more young Canadians to actually purchase a home. And quit complaining - even if you do sell it, , you’ll still make a huge profit because we all know real estate prices have skyrocketed. So you get a big nice profit out of it even if you do sell. Second choice (2) STOP contributing to the housing crisis by buying properties for the sole purpose of renting them out in the first place - if they’re too much hassle for you and the risks are too much, then don’t jump in the first place. (3) Learn how to screen tenants properly and take responsibility for choosing bad tenants!! If you choose option one and can afford to keep your property empty without renting it out … (most land lords cannot, so that’s going to free up the majority of rental stock to sell that’s making homeownership more affordable for others). But if you CAN afford to keep your rental property, empty, then pay a empty homeowners tax which will go up every year in dramatically increasing increments. Don’t whine and complain that you didn’t get ahead as much as you hoped when you have no issue, throwing a family that’s starving, or otherwise destitute people on their last leg, out on the street.
Omg I can’t believe the nerve of some of you people to show your privileged faces in public like this.
The tenant set fire to that man’s house but still had rights as a tenant!! That is total madness. The system is not only broken, it is creating dangerous and desparate situations.
@@maranorth yes it really is. Being forced to live with violence, abuse or threatening behavior is extremely stressing and dangerous.
Yep... And if that fire set other houses on fire next to them this landlord would be so screwed.
It’s really unfortunate, but I’m sure it didn’t get there all by itself. Landlords need to learn that asking someone entire monthly wage just for rent isn’t acceptable. The. System needs to work for everyone not just landlords which the system already favours significantly, you can’t blame tenants for gaming the system the same way landlords games the system for maximum profit. Landlords have never had it better in terms of equity.
@@edward8972 This is just ignorant of what’s occurring in the video…
Whilst there is absolutely a class of corporate landlords who are greedy and jacking up the prices , most of these landlords are small mom & pop renters.
They’re charging either market price or below.
Mortgage rates, interests rates and insurance rates are all sky rocketing. Thus asking for tennsnts to pay their rent is not “gaining the system “.
It’s one thing if tenants are gonna be a bit behind on rent and communicate clearly, hell I’ve been there.
Setting your apartment on fire however helps no one and just makes the problem worse as that’s one less unit in the market…lower supply higher prices.
but also capitalism is killing more people... so...
Without a doubt, this year will be worse than the previous one. Last year, I lost a lot of money due to poor investing decisions that I would not have made if I hadn't been so concerned about my portfolio. I kept investing, but I wasn't sure if I should begin saving for a house. In the end, I sold everything I owned, and the house needed more care than I thought. I don't know how much longer I can go on like this
Every one of us has made mistakes at some point. Consider financial planning
It's true. I was able to diversify my portfolio across many markets with the help of a financial planner, and the outcome was a net profit of over 400k from high dividend yield bonds, exchange-traded funds, and stocks. It is imperative that you have a variety of experiences, especially with well-known, profitable companies.
Do you mind telling me about your financial planner?
Melissa Terri Swayne If you look her up on the internet, you're going to surely find more information about her.
Thanks a lot for this suggestion. I needed this myself, I looked her up on google, and I have sent her an email. I hope she gets back to me soon.
The LTB has failed both honest tenants and honest landlords. The system needs to punish bad actors on both sides.
there is no such thing as an honest landlord. they are all parasites who leech from the poor
I would like to know the country of origin of the tenants in this story.
@@michaelpark5681you sound like one of those landlords in @ktefccre story. Do you not think there are honest tenants in Canada?
why would the system do that when it gain more money because of bad actors
It's because the public service employees that our tax dollars pay for are all working from home and are not doing their job. There are 3 times more employees at the LTB since before the pandemic but only since they started working from home we have experienced a backlog. Get these people back in the office! Same goes for our federal public service workers who are fighting to remain working from home and don't want to be in the office even 3 days a week.
Bravo to CBC for allowing comments on TH-cam. So proud of you for this historic breakthrough.
The news comment sections have turned into a place for divisive trolls and bot comments so it had to happen unfortunately.
@@nancyneyedly4587 CBC is taxpayer funded and not allowing comments is pathetic.
@@nancyneyedly4587there's no excuse.
@@nancyneyedly4587 Whatever. If you cant stand the truth. You dont have to read the comments section
Honestly. This is where our voices are heard.
Can someone tell me why nonpayment should not equal automatic eviction?? Is there any other service that you can use and not pay?! Can you eat at a restaurant and leave without paying?! This is theft! Its a crime!! My tenant has an income of 250 k annually, 2 VERY high end SUVs in the driveway, and hasnt paid since day 1!! Just because he can. This is the result of a broken system that allows and perhaps promotes this criminal behavior. Nonpayment of rent should be immediate automatic eviction, period.
That is why every landlord should have an Uncle Tony.
Bcoz democrats run the country
What's theft is you getting a mortgage and feeling entitled to someone else footing the bill. You're as scummy as the brown guido in the video. Do you have his watch and hairstyle too?
Pretty much every business that extends credit takes that risk. Sell the house if you can't handle tenants without crying about it online 😂
@@Tonka523so u are ok with tenants nit paying their rent
The LTB is a joke. Automatic eviction for non-payment of rent. Simple as that
👍🏻
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@@canadaprosrent is set by market supply and demand.
That’s not a good idea for many reasons, sounds simple but there are complexities
Yes if its automatic lease cancellation if I want to leave. It's a free market after all :D
Somebody should sue the Landlord and Tenant Board for dereliction of duty.
Why?
@@Joce123 Because they don’t serve their purpose.
Im trying to start a human rights complaint against them for forcing me to live with harrasing discrimination in my own family's home.
@@vickyarvanitis1627Not enough information to understand what you're talking about
Spoken like a landlord
People don’t realize when small Mom and Pop landlords are gone they will be renting from some hedge fund company at 3x the rate they are renting now . I’m tired of small landlords being vilified . (I’m not a landlord) but a homeowner who sees how housing is becoming a commodity and it’s concerning.
Exactly. I considered becoming a landlord to help pay my mortgages. Not looking to exploit anyone, it's just that housing is way too expensive right now and I thought it could benefit both me and my tenant as I'm only aiming at an affordable price (I would still pay for a good portion of my mortgage). But in the end I didn't want to risk it. The current system is removing small landlords from the market and all that will be left are the bigger corporations.
What about a class action lawsuit against the LTB? They deserved to be held accountable
It appears they deliberately keep the backlog as it in order to ask for more funds from the government...
The problem is that in order to have "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!
It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.
Such concerns also come to me. After 60, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?
For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.
@@face2lune I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@@kaylat63 *Mr Gary Mason Brooks* a highly respected figure in his field. I suggest delving deeper into his credentials, as he possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
This is a failure of Provincial governments, it's time to make them liable for all of this loss.
No its a failure of the pro migrant population.
We also need to start addressing a huge elephant in the room. Our abysmal vacation time. Plenty of people i know work slowly because they have nothing to look forward.
Cant enjoy their salary and cant even get time to properly do the things they like. Why should they be productive? They are not benefitting from it.
Most of world gets 3 to 4 weeks minimum, and europeans in particular are much more productive than us. Maybe giving people something to look forward too will help address our productivity crisis? Or is that too controversial for the cbc? Is it too controversial to say we are only healthy for so long, and would like to enjoy that time while we can?
Federal immigration policies did this. Nobody could outbuild the mass invasion the feds have invited. We now know they've been letting in terrorists under the student visa program, too. Stop blaming premiers when the problem is mostly the feds.
Yes, Protest! To the provincial halls & buildings!
I mean I can solve every single one of these landlord's..... problems.... They can just sell their extra homes to people who want to live in them and then they would have NONE of these problems they are on here crying about....
So if the Homeowner runs out of money,and theBank repossess the home, does the non-paying tenant become of the responsibility bank? Does theBank have to go through the tenancy board to evict the tenant? This is crazy. Who in their right mind would want to invest in residential property in Canada ? 🇨🇦
People who want a home to live in should be the only ones investing in residential property.
Trudeau wants Canadians to go bankrupt and be homeless. Trudeau is destroying affordability. Liberals and ndp need to go
The bank has the police escort the renters off the property leaving their valuables behind when they foreclose and the home and furniture is auctioned off or sold. The banks are assisted by the government landlords are not. Owning a rental home today in canada is a financially dangerous investment with new liberal and ndp laws. This is one reason homeless numbers are multiplying
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@@canadaprosexactly! 👍
Once my tenants are gone, I’m done renting to. To much of a risk
Good. There are other things to invest in. Maybe you will sleep easier profiting off investments that dont cause people to worry about groceries or bills or homelessness.
@@abcdedfg8340 He didn't say he's going to sell the property, dingo.
His comment only indicates that there will be one less rental property, further increasing demand. Making career-tenants like yourself to get rekt by the ever increasing rents due to lesser and lesser supply.
Before you do convince at least one other landlord you know to sell their extra homes to someone who will you know live in them too....
@@skillcoiler keep on dreaming, renter boy.
Most career renters can't qualify for a car loan, let alone a mortgage with their sub 500 credit scores.
@@talksickgamer I own my house. Paid off even. But thanks for trying.... Oh and one of the bigger problems is the parasite landlord class. If we can get rid of that people can actually own their own homes.... weird.
My experience is from the other side of the story.
I'm from Guatemala, me and my family moved to Canada on September 2022, because where coming with a child I decided to rent and pay in advance.... the landlord asked 6 months and I did that payment.
When we came, the house was not the same we had seen in the photo's post. Was almost the same as the pictures at the beginning of this video. Everything was so dirty that we couldn't even put the luggage down on the floor.
We asked our money back but month after month the landlord refused and threatened us. Plus in the apartment upstairs where living some drug dealers. It was terrifying.
We spent a year of our lives in that situation until we were free.
We asked for help after all institutions we knew, went to the Tenant board, to the police, to lawyers; but they said there were nothing to do, except moving out and losing our money.
I can tell.
The legal system must change in this matter, because it is failing.
Great story showing the other side of the coin. I am a small landlord with amazing tenants, but I know other landlords with horror stories like this. I've also seen nightmare landlords. Good landlords and good tenants need to band together to lobby the government to fix Ontario's Landlord & Tenant Board. The LTB needs to address BOTH bad tenants and bad landlords within a month, not a year. A broken system is hurting only responsible tenants and landlords.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@@canadapros Dude if you are saying homeowners need to subsidize 70%-150% of renters living that's not going to happen. You simply won't have anyone renting out homes. When that happens those who are renting them out will be charging even more.
@@canadapros you are copy/paste comment. and your comment doesn't even make sense, totally illogical and don't understand basic business moto.
Well said
@@canadapros Your post makes no sense. Rent, like other costs of living, are driven by demand. The government is in control and failing miserably as governments always do. The CBC of all pro government , lef tleaning media outlets is even exposing this reality. Please tell me where these rental that make %150 on my money are.
You know what's missing from this story? The manner in which governments are ensuring citizens can not get ahead financially. At every turn, the average person trying to stay above water financially, is burdened, reburdended, and overburdened to ensure that they can never get ahead. That's what absolute power does...keeps everyone else down.
14:50 sums up the landlords minds that wont rent out. I feel that and am on the same mindset after going through something similar with bad experience myself. I have 3 bedrooms to potentially rent out. I wont do it, because there are no protections for me if the tenants stop paying again. My spouse and I are younger(late 30s) and we made the right moves to get where we are and I wont risk our finances, property, and safety when such potentially bad outcomes still are possible. I feel bad for the honest renters.
I am a landlord and I am of Southern Italian descent. I have cousins who, let’s just say, operate by a different set of rules than us regular people. They have a property management company that manages all of my properties. They introduce themselves to all my tenants early on in the rental process. I have never had 1 tenant miss a rent payment in 18 years.
The only way to ensure people follow the rules.👍
Your cousins are criminal thugs? Sounds like a good case of boom boom bye bye
Not recommended.
Laws exist for a reason. Vigilantism is wrong. We need stronger evictions and better enforcement so this doesn’t happen. Otherwise, we’ll start seeing dead or beaten tenants on the sidewalks.
It's very nice to see how our government gives our money to foreign entities but refuses to increase the budget of critical infrastructures in our country.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
My parents were also a victim to a tenant that refused to pay rent for months and has done this to multiple other people. It’s just sick that they get away with this.
WE NEED STRICT PUNISHMENTS FOR PEOPLE DELIBERATELY NOT PAYING RENT.
Right because that won't get abused. This story is as old as time, your parents rented a space in a housing crisis where renting and keeping a space is precarious regardless of employment. That means 1. In any event that results in eviction one party is homeless. 2. Human rights need to veer in preventing homelessness befor non-homeless people are helped by recouping owed monies. It's literally laid out step by step and relates to the human rights. THe good news is what you think should happen won't, but that doesn't mean a better solution doesn't exist. With your ignorance I know it does for certain! :D
AND if people have a problem with that, they shouldn't rent out space eh? Sounds like they shouldn't have. Your parents were scammed by this country. Make no mistake.
Maybe your parents should not live off the back of their tenant and get a job.
@@EvansBoy1992a lot of small landlords are retirees or close to retirement ages. These are people who have already worked 25+ years, contributing to Ontario’s economy . Bad tenants shouldn’t be allowed to abuse them like this.
@@justinericketts1434 then sell it.
Our government needs to get back to work and give the service that we need !!! This is bs !
LOL, with Doug Ford. He took all protections away for both small landlords and renters. If you aren't a big player who can line the conservative pockets you're a nobody to him.
Why do you rely on the government??
Unreal ...
We also need to start addressing a huge elephant in the room. Our abysmal vacation time. Plenty of people i know work slowly because they have nothing to look forward.
Cant enjoy their salary and cant even get time to properly do the things they like. Why should they be productive? They are not benefitting from it.
Most of world gets 3 to 4 weeks minimum, and europeans in particular are much more productive than us. Maybe giving people something to look forward too will help address our productivity crisis? Or is that too controversial for the cbc? Is it too controversial to say we are only healthy for so long, and would like to enjoy that time while we can?
The problem is the current government is working and this is the result of their work.
Generic reply to generic comment
We had eight units total in the Barrie area, now we are down to three, soon to be two. Being a small landlord in Ontario is too much of a gamble financially for us now. One interaction with the LTB, drawn out over 16 months is proof enough to be done with renting out residential property. I wish all on both sides the best of luck. We'll be observing from the sidelines now.
Good
@@thisgoesnowhereI get where you’re coming from with this, but if nobody’s a landlord, there’s nowhere for people to rent. Do you honestly believe the government is going to just skip right to it and completely overhaul the system?😂 I talk to people like you, who think nobody should invest in real estate, all the time, and I’m absolutely in for policy to ensure ethical landlord/tenant agreements, but I can’t fault someone for trying to get a leg up in life through property ownership.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@thisgoesnowhere How is it good that a GOOD landlord is forced out and housing is lost to people who either will turn it into a more expensive vacation rental, or use all the space they don't actually need because it's too much of a risk to rent out, or be a slumlord packing 4x as many international students into it while Canadians can't even afford a single room, or just do the same thing as the original landlord?
I was a landlord twice. Never again.
References? It doesn't pay to be a slumlord....If you didn't call their employers and at least 3 references then it's your own fault! Stop crying.....
This is exactly why there is a lack of affordable housing. Landlord's are fed up. The tenency board needs to be shut down.
@@robertbouchard6719 Guess what, people with bad credit or bad history will live on the streets regardless of how they changed because we are fed up. Don't worry scum landlords like you that think this is okay will all end up on the streets. Dont come crying to us "slumlords" when that happens. Myself and many other landlords are fed up. My tenant is doing the same thing despite paying less than market rent. Once I toss him out I am just going to hold the house or have family live there or even use Airbnb I am never providing housing to someone again
@@vickyarvanitis1627 exactly why I am done, my house is being held hostage while I am stuck renting and paying for my home because my tenant is defaulting. I am done and everyone I know thats a landlord is done. When i retake possession I will never rent again, going forward I'll just do airbnb
@@vickyarvanitis1627 Landlords are fed up exploiting their tenants? Oh boo hoo. Let me go shed a tear for those poor leeches.
Why wasnt the Board interviewed? This entire debacle revolves around the Board --not just in one city but across Ontario and that got zero coverage.
or Dougie?
Best thing we ever did was sell our rental property! The stress-relief was incredible!
did the same about 10 years ago after going through it with one problem tenant
Glad you learned that life is also to be enjoyed. Now lets try to be nicer to tenants too. And lets try to make it more affordable in general.
Why did we create a society where we struggle to afford to live, only to retire, get unhealthy, and be old having done almost none of the things we wished to do? It seems like a terrible waste of our lives. We are only young and healthy once, lets try to to enjoy it and also be responsible. We are not machines, there are many things to do outside work.
The most productive places have generous time off, 3 or 4 weeks seems to be minimum in them. Otherwise employees may simply stop caring, which could be a huge factor in our productivity crisis which does not seem to exist in europe or most places with reasonable minimum paid time off.
@@abcdedfg8340if tenants look after the property and pay the rent on time do get treated with respect unlike bottom feeders lovers who destroy the property and don't pay the rent.
Every business venture is a risk, it's not the government's responsibility to guarantee your profit
@@MihaiRUdeROyou are right, if your rent doesn't cover your mortgage, it's not government job. It's your problem. But if someone stay in your house not paying rent, it's traspassing, law is law, no exception.
I know a retired couple who owned a rental property & who got hosed by their renters. They had to repair their home after the renter eventually left, & they then sold the rental home. There are too many irresponsible people out there who rely on their right to inhabit properties for free.
Wonder if they charged 1000/room :P These LLs tend to be the cause of their very demise. People don't like being preyed on.
LLs have been doing it for years but its been truly predatory since 2019.
This is all part of the liberal mindset. When one votes lefty, this is what one gets.
@@mykeprior3436 Just pay your rent, and treat the property like you would your own, its not rocket science Ive never had problems with a landlord, always nice and pleasant.
@@ryans1623 lol this guy, trolling the comments to call me out. Clearly a boomer without a single real life problem like working two jobs and still considering being homeless in order to ever have a shot at their own place.
@@mykeprior3436 What do you know about real work, try working offshore oil rigs, undersea welding you wouldnt last a hour much less a day, 2 jobs at starbucks and walmart dont cut it, and im not a boomer, they would be far to old to do strenuous work like that, get useful skills, that are needed and you will have the money to buy your own place, gender studies isnt it.
I had 2 rental properties and ended up selling both after my tenant heard Ford say don’t pay your rent in 2020. I had just retired and couldn’t take the risk. Also I had to pay my tenant an extra month rent because I was selling. Definitely not worth the headache of being a landlord.
good
glad to hear you're not a rent-seeking parasite anymore
lol, the fact you think you're struggling and can say "had 2 extra properties" makes me belly laugh.
@@mykeprior3436 you can't read. They did not say they were struggling
@@mykeprior3436 You’ve never heard of the term “money pit”?
Sue the ontario govt. Class action suit. Any lawyer who can say if this has any chance of success
We tried to facilitate that twice at SOLO. That's a tough road. More about that on our Wiki.
no chance. you might be better off buying lottery tickets. I just won 2 bucks myself.
In Canada you cannot sue the government. That's the Canadian way
Check the sunshine list of all agencies, boards, commissions related to LTB and its offshoots riding high on the goobermint dole. that's where the truly infuriating issue is.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
my neighbor rented a house to a couple both had good paying jobs he got first and last months rent then nothing for 2 years and had to pay them $10000.00 to move out so he could sell it before he lost it due to non payment of rent ......a friend has an apt in his house he rents out but the tenant has mental problems goes on an off his meds smashed holes in the walls stolen and sold most of the furniture in the apt the anxiety caused my friend to have a heart attack he has been waiting almost 15 months for a hearing with the LTB and it will be a zoom meeting ....why arent these LTB offices open to the public are they working from home ?
LTB are too afraid to face people
They need to be held accountable just as much as the tenant not paying rent.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@@canadaproswhat is this? They’re saying the tenants are paying NOTHING. Not that they should cover all the mortgage
And if the tenants have good paying jobs, when you get your decision from the LTB for non payment of rent and the sheriff evicts the tenants, you can take your judgement to small claims court and garnishee their wages, put liens on their belongings and ruin their credit rating. If they have money, you can judge against them.
@@maryg4082if the tenants do not pay rent for months and owe someone tens of thousands of dollars, are you saying that person shouldn’t try to get their money back? At that point, the tenant has committed theft. Either way, for small landlords it almost never gets to garnishing wages because LTB is so backed up it takes years to get a court date. And if the tenant pays even 1% of the rent they owe, the process starts again and the years long wait too. Lots of bad tenants hold these small landlord hostage. Forcing them to sell their house, go into massive dept or pay out thousands to these tenants to get them to leave.
Why isn’t non-payment of rent considered theft? Send them to jail
Still waiting for my order from LTB. Owe $25k in rent, threats to torch condo. This story is one many of us are experiencing
Buy stocks instead 😂😂 stop buying limited assets
Oh, stop it drama queen. Claiming that you’re ALLEGEDLY getting threats to torch your property should be a civil should be a legal issue handled by the police!!!
@@CynthiaPace-n7v- They can't do anything until they've actually committed a crime. Our justice system is a joke.
It is being handled by police. You have no clue about this
@@CynthiaPace-n7vHappened all the time when my family had a squatter.
Had a tenant that was struggling with paying rent before covid. Moved in another person while my wife and I were at a canucks game. He ended up being her boyfriend and being an awesome fellow who paid the rent on time and covered the past due rent. Got lucky. This was enough to scare us out of being a small landlord especially with all of the covid madness. Have a nice man cave now. Not worth the stress.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@canadapros
You NEED to step outside of fantasy thinking.
Of course tenants should pay the mortgage and costs.
No one owes another person the right to financially or otherwise benefit without assuming any of the risks, or needing to qualify for an investment.
Look at the hellscape of Venezuela. If the costs are too high to provide supply of something, then people stop providing it.
I don’t understand how it is too difficult for good landlords to get bad tenants evicted, but it is too easy for bad landlords to evict good tenants only to raise the rental prices and re-rent it. 🧐
Right now it’s a vicious cycle. Everything has gotten so expensive! Thank our wacko government!
Because the good tenants leave willingly and move on while the bad tenants dig their nails in while going through the years long eviction process.
Because good tenants obey the rules and leave when told. Bad tenants just ... don't.
@@alanj9978 we should have a way make bad tenants rent from bad landlords only lol
As much as Landlords wait far too long, Tenants wait even longer. Bad actors aren't held accountable as a result.
The Landlord Tennant Board needs to be functional. You can't have tenants not paying rent for a year. These bad tenants know the system and are holding the landlords hostage.
Finally got rid of the tenants. My repairs are $45,000 and counting , no renters for me.
This is gross failure due to poor policy making by incompetent politicians we have elected provincially and federally!!!
or.. its working like how they wanted...
No, Canadians voted for this. This is self-inflicted. They put McGuinty in power and then the lesbian. Then they put in Doug Ford, a closet liberal. Get used to this. There is more coming. They could have voted for the New Blue Party in Ontario and get some relief.
Are there no incompetent voters? Who put these incompetent politicians in power?
Should I say selected and not elected🧐
In my opinion it's being done to get people to stop renting and sell then the big companies will buy the houses and when they own enough of them in my opinion they will get their cronies to change the laws and after a month or so they can throw them out after a month or two. In my opinion it's all planned. You will own nothing and be happy
That's why I stopped renting out for people 4 years ago. It is not worth it. If govt still think landlords or new home buyers are the caused for this housing crisis. They should really do the calculations see why us home owners not renting out to tenants which would definitely help the housing market shortage. Now that the govt charges us vacancy tax if the property is vacant. Unbelievable. It makes me start thinking moving out of Canada. I live here all my life. I contribute the country, paying the taxes, not even breaking any laws. Our govt is letting all these bad tenants walking away and kicking us all in the stomach.
Born and raised in Ontario, and I can say for the first time in my life, I'm considering moving out of Canada. I've encouraged my children and grandchildren to apply for dual citizenship on their father's side. I don't have the same availability but I can move where a plane ride is only hours away. Canada has gone from a good place to live, to a USA vassal under the Trudeau Liberal gov't. We are financing proxy wars while disregarding the homeless camps. We are allowing millions of unskilled immigrants to live here promising them a home, food, clothing, jobs, education, etc. Promises which we cannot fulfil. We are ALL miserable; both new and old residents. It will take decades to undo the mess Ford and Trudeau have created in all parts of our lives.
Too much focus on the landlord-tenant relationship and unpaid rent. Bad actors are able to harass other tenants in their buildings on a daily basis and create an unsafe and uncomfortable environment for everyone with little to no consequence. It is in everyone’s best interest if such people are evicted faster. In fact, we need certain redlines which, when crossed, result in automatic evictions
Right because that won't be abused on innocent people, and it doesn and they get evicted. You don't have to be problematic to be easily evicted right now that's the problem. It's happeneing, what you want is happening, just to everyone, not people you specifically have intrusive thoughts about.
@@seanothepop4638 It usually takes at least a year to evict the most destructive, non paying tenants in Ontario. “Easy evictions” in Ontario only exist in theory.
@@ashleyc506 Hearing times for non payment of rent are now down to 4 months. If they would go back to in person hearings, the times would be even shorter.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
The same kind of policies in BC as well, driving landlords out of the business, reducing rental supply. So you can’t increase rentals by destroying the ones who offer them. Who’d have thought?
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
Small landlord here, every month is stress and struggle because tenants know we are at their mercy. Delays for rental issues are ridiculously to long.
Tenants are struggling, too. Dont think the cost of living crisis is only affecting you. I think we would all benefit from a lower cost of living and higher wages to catch up with 4 decades of wage stagantion instead of being forced to rely on houses to fund retirement. Doesnt leave much time to enjoy life. Just slave away to pay off house, then do things one like, get health problems, and thats it. Just my opinion. Just my opinion.
@@abcdedfg8340 yes, but tenants are far more protected than small landlords. If a tenant doesn't pay, he maintains his home. If I don' pay, I lose that home, and get all the penalties and financial burdens. There has to be a middle ground.
@@genevieveleduc2208 They're supposed to be. You're gonna be upset for a long time into the future as that never changes. Canada is obligated to help homelessness (LMAO I know it doesn't actually do it, but neither does it do YOUR rights) first (In the case of homelessness through eviction) THEN puruse costs and what's owed. The priority is the displaced person first.
What makes people think they can live rent free. It seems that people think rent is optional.
right most people think that way lmao. There you go you discovered and solved a thing. Most people, hey world! Most people think they don't have to pay rent, you can tell because most of the world's renters aren't paying rent.
Check your head, check your mom's head (she gives the worst)
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@canadapros That does not mean one can choose not to pay rent. Obviously you never have rented. The rent never covers everything. Some renters demand and also wreck the premises. Being a landlord is.not a charity business.
What makes landlords think that their tenants are supposed to cover their whole mortgage so that THEY can live for free?
@blueberryrazz8637 What makes you think that renters should only pay the mortgage, insurance and utilities? Ridiculous.
Something has to be done to protect landlords against NON PAYING tenants, no wonder property owners do not want to rent. This is such a common story. I had a tenant that stopped paying in covid and got away with 2 years free rent, TOOK THE STOVE AND FRIG, AND DEMOLISHED THE APARTMENT. I had to replace "ALL" the flooring, drywall the walls from numerous holes. THey let their dog urinate all over the apartment. THen on top of that they did not pay the water bill and the $2,790 was ADDED TO "MY" taxes. GOOD GOSH! LET's MAKE RENTIN AS FAIR FOR LANDLORDS AND IT IS FOR TENANTS. STOP PAYING - GET OUT !!!!!
If it's that bad then maybe you should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
But we have to be careful to also protect paying tenants as well. And perhaps deal with slumlords who may be overcharging for rent for small spaces or may make things up to evict honest paying tenants
And protecting tenants from rents above 1/3 median takehome?
OH WAIT, screw the poor.
wonder why they stopped paying.
@@gallagherhelen..dont be such a goof. …🙄
@@abcdedfg8340 Honestly I cannot understand any landlord wanted to evict a paying tenant who does not destroy their property. I have had tenants for over 14 years and would not think of evicting them for no reason but a few more dollars rent, and risk getting a deadbeat who does not pay or is always late or someone who will destroy my property and cost me $30,000 in repairs. In our local landlord association I know we all feel the same. We know how devastating it is to have a empty unit that you have to spend thousands on to repair VS keeping a good tenant and having rent payment you can count on.
You will find most tribunals are landlords taking tenants for non-payment of rent. There is this notion that landlords are large faceless, mean corporations that can absorb the abuse professional tenants inflict. In fact, many are mom-and-pop renting out basements or family homes handed down, etc. Many are just scraping by and such are selling and those rentals will be converted to single-family homes reducing rental capacity and increasing pressure on an already tight rental market. The cards are stacked against landlords in Ontario.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
if they are just scraping by… why are they in that business?
@@SpencerLupul thats none of your care. As a tenant and upstanding citizen one should abide by the contract signed.
@@canadapros you can say that about any business … whats your point ..? What’s different about a contract you sign with a land lord vs any other contract ..?
@@Andrico77 any business bears the risk of bad debts. In the rental market, that is clearly a high risk… you should weigh that against the returns if you want to enter that business. Just like any other. Also litigating contracts doesn’t come for free so don’t pretend like a contract alone is your saving grace. Due dilligence is key in any business model. Ask an investor!
Therefore: don’t come whining to me when after you entered a business without a lot of consideration and cannot collect on bad debts that it’s someone else’s fault
I have said in the past, if evictions were possible in a reasonable period of time and it was actually possible to collect monies owed. I'm reasonably confident the housing shortage would evaporate and spiking rental costs would flatten out.
100% agree with Lorina -- why should small landlords be responsible for housing people for free -- or even when they do pay rent -- destroy your property --- and you are responsible to pay to fix THEIR damages.
Not everyone is scamming the system and the responsibility is on the landlord so if the landlord doesn’t know the rights of the tenants then they should have done some research and informed themselves of rights, responsibility and liability associated with renting their property. Nobody forced you into renting your property, it was a risk you take because you believed that the reward outweighs the cost. If you invest in the stock market you don’t go to your broker and ask for the fee he charges back because you lost your investment….
This is outrageous. This is the very reason why decent tenants are pained and can't find rent. This is completely broken.
Exactly
The reason has nothing to do with this. it's landlords waiting to be able to raise prices again.
And it’s intentional.
@@mykeprior3436 When a squatter trashes a place and leaves a landlord in the hole, where do you think that money to recoup the losses comes from? It comes from the good, paying tenants. You can hate on landlords all you want, but that won’t change the fact that it’s the good tenants that pay for the bad tenants in the end. If you’re on the side of squatters rights, you’re on the side of higher rents.
No speculation is. Landlords want higher prices and then complain when others want the prices to go down so they can afford.
An ineffective LTB leads to higher rents, and higher rents lead to more cases that end up going to the LTB.
And that is how they keep their long term contract on the Board. The gov't should have a dozen Boards available to keep current with demand while they are changing the laws.
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
How did squatters get rights in the first PLACE .???
after trudeau came to power in 2015.
@@michaelshih8163 It's been like this and getting for more than 2 decades - and doug ford is in power and completely supports the freeloading scumbags
@@michaelshih8163 Justin Trudeau needs to be thrown out of office.
@@michaelshih8163 Man, you are going to be disappointed when all of Canada's problems don't go away after Trudeau is gone.
@@michaelshih8163Squatters have been around long before Trudeau. My family had a squatter in the early 2000s.
If this continues, there won’t be any places to rent. Landlords don’t want the stress of none paying destructive tenants.
this is why rent is skyrocketing. instead of 1300 a month, the landlord has to take the risk of years of non payment, so they charge 3700 a month.
Then theyll get criminals as tenants lol, pricing out law-abiding working class ppl who care about their reputation
So that would attract ciminals you know that right? But that's not why landlords are charging that much anyway.
This is blatantly false. To raise rent to account for potential non payment is illegal and landlords do not do this.
I’m calling bull on this! There’s no way people would pay triple the rent (on comparable apartments).
They increase it as much as they can because they became landlords to make money.
it is terrible some tenants think they are entitled to rent free as if the landlords are providing a charity property. Charity receives donations, landlords don't. Under the high interest rate era, having non-paying tenants some landlords may have to borrow money to cover the mortgage payment, tax and bills. That make them living in nightmares.
I agree the system rewards bad tenants and bad landlords over good paying tenants and honest landlords . but It's not really high interest environment, it's still negative rates when you account for inflation. Savers are still getting screwed big time.
If it's that bad then maybe landlords should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
Bro do you know that a mortgage is debt... WTF you talking about taking on debt to pay the mortgage... You didn't have the money to begin with...
@@gallagherhelen Why do you assume landlords don't work? Many just have one investment property.
@@gallagherhelen Being a landlord is absolutely a job and one of the worst ones at that!
Kudos to CBC for presenting a comprehensive and accurate picture that mom and pop landlords are experiencing. Given that these small landlords are contributing to 30% of the rental stock and they are exiting the market faster than new rental units are being built, the rental market is only going to get worst.
I feel for both sides. I have a rental property - not one that I purchased in hopes to profit off other people’s financial struggles - but one that was given to me with someone passed away. In any case, I take personal responsibility for screening my clients thoroughly and I’ve never had an issue. Not once. So the first step is being an adult and taking ownership for selecting the clients you selected again I’ve never had a problem with my one property!
Right now many of you landlords look like spoiled babies. First of all landlords ALREADY HAVE contributed to the housing crisis by buying “multiple” properties and driving up the cost of real estate driving up the cost of purchasing a home. Mom Pop Landlord’s make up 30% of ALL rentals in Canada so you guys are DIRECTLY responsible in part for pricing 99.9% of young Canadians out of ever buying a home!! So that’s one reason we’re not getting that much sympathy.
Let me be clear. No one sane or law abiding would condone torching someone’s place or damaging another’s property in any way. There is NO excuse for torching a place or for damaging anyone’s property. Ever!! And that should be a police matter.
However, you whine and complain that you didn’t go ahead as much as you hoped when you bought the property not given a hoot but there is a dangerous housing crisis in this nation and that 99.9% of Canadians are already priced I’ve ever buying a home. I know you don’t care about that. You just want to get a head. MEANWHILE you have no issue throwing a family that’s starving out on the street. Like literally. Because you want your money. Again, I feel for both sides and I am Landlord with one inherited property myself.
HOWEVER the issue goes beyond your hopes to get ahead on the backs of your financially struggling tenants. Wake up. There is a housing crisis. Not a housing shortage a straight up crisis. Many families can’t even afford to feed their children. Did you ever think maybe your tenants hade to make a decision between rent or food? Again, you don’t care because you only care about getting ahead of the backs of already financially struggling tenants. YOU have no issues tossing out starving destitute, people literally onto the street. But hey, it’s all about you isn’t it?!?!
Well, stop whining because WE LAND LORDS have choices. We landlords live in a free country - we have choices. Here are our choices. Again let me reiterate that no one saying normal, or law abiding would condole stiffing anyone intentionally or damaging our rentals. (1) Sell the property because you can’t afford to pay the mortgage on it if it’s not rented. And since 30% of all rentals are owned by Mom and Pa. there will soon be a lot more inventory on the SALE market reducing the price of real estate and enabling more young Canadians to actually purchase a home. And even if you do sell it, , you’ll still make a huge profit because we all know real estate prices have skyrocketed. Second choice (2) STOP contributing to the housing crisis by buying properties for the sole purpose of renting them out - if they’re too much hassle for you and the risks are too much. (3) Learn how to screen tenants properly and take some responsibility for choosing bad tenants!! If you choose option one and can afford to keep your property empty without renting it out … most land lords cannot, so that’s going to free up the majority of rental stock to sell that’s making homeownership more affordable for others. But if you CAN afford to keep your rental property, empty, then pay the empty homeowners tax which I heard will increase every year in dramatically increasing increments. Don’t whine and complain that you didn’t get ahead as much as you hoped when you have no issue, throwing a family that’s starving, or otherwise destitute people on their last leg, out on the street. Omg I can’t believe the nerve of some of you people to show your privileged faces in public like this.
@GJ5580 I left a comment for you that presents a comprehensive overview of both sides. Not just your needs your wants your wish. Is your hopes your desires, but a general overall picture. Quit whining, and make some choices for yourself and they don’t involve vigilante justice are taking matters into your own hands. Why don’t you look at how you yourself are contributing to the housing crisis by buying up multiple properties, preventing many and Canadiens from ever owning a home in the first place!!
@@CynthiaPace-n7v Agreed that there is a housing crisis and prices have shot up beyond the affordability of most people. But this has little to do with investors buying up properties. Investors contributes to to demands side of the equation. If there is sufficient supply to offset the demand, prices would remain low. Various levels of government influence the housing supply though policies and making more land available through providing services such as water, sewer, transportation etc. If there are profits to be made, developers would simply sell more and the extra supply would offset the demand, thus keeping prices low. The reality is that developers are reluctant to build more because of thin margin and high risk. In recent years, there is an acute shortage of service land, thus driving up land costs. In a new condo building, various taxes contributed to a third of the selling price. Development charges (a tax levied by the city) is often not known until close to completion of a condo project. When profit margin for new builds are razor thin due to high land cost, rising labour and material costs and unprecedented high interest rates, this unknown can sometimes sink a project. On the one hand, you are telling mom and pop investors to stop buying and hence contributing to the housing crisis. On the other hand, you are acknowledging that there is a shortage of rental properties. If mom and pops buying, it would drive up the rent even more due to reduced supply. Most investors would tell you that they are not making a lot of money in rental properties. Many mom and pop landlords are experiencing negative cash flows. When you take into account acquisition costs (legal fees, land transfer tax, HST for new builds) and disposition costs (legal fees, realtors, capital gain tax), the average ROI usually ends up in the mid single digits. One is better off putting money in a GIC that offers a return of 6% or more with absolutely no hassle. Although the federal government can influence housing supply through subsidies and policies, but the solution lies squarely in the hands of the provinces. The Ford government has fail miserably in providing serviced land and affordable housing. Other than throwing money at the problem, they provides little leadership in developing a cohesive strategy.
THIS was the commen I was looking for. My exact sentiments. Thank you for clearly highlighting both sides of the argument @@CynthiaPace-n7v. You are right, no sane person will encourage burning down a place. However, people are struggling and desperate people will do desperate things. If you cannot afford the investment, then unfortunately you should sell. That's how investments work. 🤷🏾♀️
@@CynthiaPace-n7v If the only problem is that honest people who have to choose between eating and paying rent choose the former, this problem would barely exist. The real problem is government incentive given to tenants who are actually able to pay the rent, but they elect not to, as nothing happens to them if they cheat and lay or just ignore the landlord for years… And for any inconvenience the landlord may cause to them just by remining them to pay, they also have a mighty tool in their hands to punish the landlord for being sooo annoying - destroy the house… Why not, given that they never feel any consequences for that…
And you are saying that is all my problem because I didn't know how to properly screen applicants. It is just my problem because I could not recognize who is a criminal, while the government is too busy enforcing thousands of bizarre rules in this overregulated country? Example, if I keep an inoperable or unlicensed motor vehicle on my driveway, which is otherwise no harm to anyone or anything, it won’t take long before they find out and fine me for that… So they, the government, HAVE resources for enforcing such bizarre rules and sanction such practically inconsequential offences while at the same time they cannot be of any help if somebody robs me for $30k a year in rent and also causes at least another $50k in property damages, just because they can… And people like you will just call it business risk - I should not be a landlord if I’m not ready to absorb all such losses INTENTIONALLY caused to me.
So what you are proposing might actually be a solution. We, small single unit landlords, should all list our properties for sale. Then, big corporations will buy most of those units. They have much more tools and means (and connections with the government) to fight irresponsible tenants, so they will have much less problems dealing with this. Is this the ultimate goal?
Isn't it theft when you don't pay for goods or services?? A crime !
Non payment of rent shouldn’t have to go to a tenant board for resolution. What other industry can you get away with non payment legally. If I didn’t make my car payment it wouldn’t be too long before someone came to take it back. Personally I’ve abandoned the idea of having a rental property, it’s just not worth it.
Omg this! I am sick and tired of explaining this to my current tenants 😢
If I'm a homeowner and I want a tenant out, I should be able to do as I please as long as I give them 3 months notice.
I had a tenant chronically late with rent . She trashed the house even the bathroom mirror was gone cabinets dismantled holes in every wall. I charged $600 rent for a full suite out of pity to a young single working girl. Lesson learned The damages amounted to more cost than i received in over a years rent. I will NEVER recover that. I’ve Air B and B’d it ever since. It’s more work but it’s also more money and stays in mint condition. A tenant credit system is long overdue in Canada. I would of reported her so the next person would know what they are up against not just the damages but the chronic late rent. Mortgage payments don’t wait for tenants to pay rent.
If you want to push for tenant credit then I hope you're ready for people to push for equity in your home.
@@markoss3876 lol good luck with that, renter.
@@alanj9978 ;)
Damn, the more I think about this, the dumber it gets.
People need homes - you don't need an extra house. No one is making you take on the risk of getting a second mortgage in an effort to use housing as a financial tool. If you can't afford the mortgage, you can sell the house. If someone has "bad renting credit", they're homeless. The idea that the government, which is already dealing with a homelessness/housing crisis, would ever attempt to make it easier for people with 2+ houses to extract further wealth at the expense of renters is pretty nuts. You'd have to be pretty entitled and out of touch to think that.
Either don't take on risk you can't manage or learn how to assess potential renters more effectively.
Also, how will you "never recover" the damages? Do you think that the value of your home is not going to continue increasing? Are you not now making MORE money through short term rentals? What are you talking about?
If it's that bad then maybe you should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
Buy a bunch of properties and rent them out. Make passive income and live the dream life. Hell no! In most countries these scumbag tenants would be dealt with within days. Shame on the government...
Why should you get to do that?
What kind of leach are you?
Maybe better you contribute to society. Those other countries you would have other major hassles.
Should be illegal to turn single family homes into 10+ “students” rooming houses . Turning literal flippin closets and charging the equivalent of rent for a single “room”. This house use to rent for 1000 but I think I’ll charge that per “bedroom” it’s insane
Printing money and million immigrants a year has consequences, I dont know how else to put it.
indian landlords and tenants are the worst ..dont deal with them
I'm not familiar with this practice, but it sounds like a quick fix for a housing shortage. If you don't want to rent a bedroom for 1000, then don't! Live somewhere else. Problem solved. You're welcome.
@@gordongekko2781 maybe leave my land? go back across seas where you came from...this is treaty 6 territory
@@gordongekko2781 Stop making sense these people dont like facts or reason.
We sold our rental property 2 years ago. Our tenants were great, but this makes me glad we got out when we did.
I never understood why landlords should be this helpless under the current system. Never have this issue in another other country. I am scared of renting out my place. This place has become lawless. The system fails to protect tenants and landlords alike. What is with the delay in processing the cases?
The moron LTB adjudicator who still found reason to give leniency to a criminal tenant who only provided a promise to a paying plan. Who are they kidding exactly? and why force the Landlord to accept someone who defaulted on their rent? This is crazy!
and what about the back rent owed
Tenant is crazy, judge is crazy, now you're crazy. Welcome to the club, we're all mad here.
No one on the LTB obviously owns an investment property, hence why they are so out of touch. Perhaps if investors exited the market and left thousands of people homeless, and people sleeping on the steps of Town halls, municipal buildings or Parliament, perhaps then the government would be compelled to do something?🤔
That landlord should have the RIGHT to demand eviction after the hell she has been put through. No negotiation PERIOD! She should have lost that right the moment she decided not to pay rent, especially after two and three months.
The only solution is either the income/salary goes up or the house price comes down.
No the solution is pay your f'n bills. I'd love to be in a $2500 apt but I can only afford $1000 hmm what to do. But then again I'm not a dbag.
@@jethro1963pay your mortgage
No, the solution is to kick out squatters the moment they go into arrears. If a homeowner defaults on their mortgage, the bank takes power of sale. If a person defaults on car payments, the car gets repossessed. Why should people be allowed to steal housing? If you think people should be allowed to steal housing, you should know that the losses squatters generate are paid for by paying tenants downstream.
@@ashleyc506 why should landlords be allowed to steal someones paycheque? You sign the mortgage, thats btwn you and the bank. Inflating your rent to cover these costs makes the whole market more expensive, as every landlord will try to match the price regardless of whether they suffered a loss or not. The concept of rent being attached to mortgage should be criminal, bc it is exploitation.
@@ashleyc506 and you landlords expect us poories to choose either lose our rights, or have to pay for other ppls problems so you dont suffer losses for choosing to take on a risk. How is that not oppression? Youre defence is proving why you landlords should not be legally allowed to rent in the first place. You cant handle the burden and you think its fair to spread the damage of your burden and defer the consequences to diffuse as much aa possible. Youre destabilizing our quality of life to ensure you make profit. Sickening you think thats just or fair.
Ford single handedly created the Landlord Tenant problem in Ontario, starting with telling tenants that they don’t have to pay rent during COVID. Under Ford’s government, the Landlord Tenant Board is totally useless with hearing lead time of a year or more and evictions are near impossible. ‘Professional tenants’ are taking advantage of the delays and live rent free.
Rob Ford passed away way before covid
Rob Ford has been dead before COVID started.
Rob was dead during Covid, it was the other disgraced conservative mayor Tory during Covid. I know it's hard to keep track.
i love how ontario thinks they are the only people that exist... this is not an ontario problem.
@@xpyrox5462 I love how some people have trouble comprehending a simple video. This video talked about Ontario.
These tenants will one day have the table turn on them. At times people get terminal illness, and you wonder why...sometimes it's their wickedness visiting them.
I have a basement apartment. I’m recently retired so on a fixed income. There is no way that I will rent out my basement! I was lucky when I had student tenants but I have had it vacant until since last year and have no interest in having a tenant again. I’m using the space myself now. Bad tenants ruin it for everyone!
So we discourage Canadians from having children that would be 2nd, third, fourth generation citizens and instead bring in massive amounts of immigrants who need a lot of time to adjust to our system. We continue this mass immigration despite a massive housing shortage causing home purchase and rent prices to skyrocket. Then we defer mortgage payments and give out free money while stripping landlords of their rights. It's becoming a very interesting country.
Sounds like insanity
@@sam76861 It is insane. It's also planned.
Virtual services are adding to the backlog. The Ontario government and the board need to re-establish regional in-person hearings now!
Make evictions due to non-payment automatic, the tenant has 30 days to pay the outstanding amount in full or vacate the property, or they can be forcibly removed by police. The tenant has 90 days to appeal the eviction. If the eviction is appealed and upheld, the eviction is put on their LTB record (which would be available for landlords to check). If it is found the landlord evicted the tenants in bad faith, they must pay the former tenants 24 months worth of rent as damages within 90 days. If they are unable to pay or refuse to pay, the house/unit is forcibly sold to pay for the damages. This incentivizes tenants not paying rent to get out quickly and not clog the system with spurious appeals. It also heavily punishes landlords for unlawful/dishonest evictions.
Government needs to compensate people for that then. If they're going to demand people give housing to the problematic, they should pay the back rent and damages.
No one should lose their house because someone they aren't even related to is a wreck.
$26,000, $14,000...I'm surprised the tenants aren't scared of physical retaliation over those large sums of money!
To me that should be theft over 5000
Because it seems a higher likelihood it would be the owner who would be physically attacked rather than the tenant.
Canada punishes taxpayers instead of thugs. If you get assaulted in a train, you as the victim get in more trouble for carrying weapons to protect your life than thugs do for assault. 🤷🏻♂️
$26,000 is on the low end. There are landlords that have gone 100k in the hole over a small unit.
Why? So once they heal they have a chance at a big judgement in a lawsuit? I suspect some bad tenants are hoping for that.
Now with capital gains tax, why in your right mind would you invest in a second property.
Lesson to not vote liberal
@@rickyemmirt4120 but low interest rates to borrow against the first property to buy the 2nd is the way to go... Sounds smart
@@rickyemmirt4120 Don't vote liberal federally and don't vote conservatives provincially. Liberals drive inflation, conservatives prefer a lawless zero enforcement of laws and regulations anarchy. Neither party has any interest in fixing the housing crisis.
@@butwhytharum But ending up in the poor house when interest are high for your first property while paying capital gains on your second while property prices sky rocket and you not getting your rent...that must be really really smart...if so vote Justin back in
@@OmniFilm-dk8ox thought it was Trudeau bringing in all the immigrant students to rent those leveraged propertys...? Why did you mortgage a 2nd property when the first wasn't paid? Big brain move there... My coworkers are like you... Whaaaa my debt got more expensive... Why did you spend what you didn't have in the first place.
Well some lanlords wanted to have 10 investment houses on 2% interest rate, while simultaneously voting for liberal government that keep the supply low and demand high so your value only went up.
I don’t agree with this behavior, but wouldnt it be better if people could just afford their own houses?
We live in a capitalist country where you can do whatever you want with your money, if you want to buy a house for your children in the future, why not? This is not China, Cuba or North Korea where you cannot own anything. This is Canada come on is Canada
It definitely would be. But even at our highest rate, home ownership didn't quite reach 70%. That's a lot of people who will always, for whatever reason, need somewhere to rent.
@alanj9978 I'm pre-approved for 249k with excellent credit score. But because of the speculative investing landlords I can't afford a home within a reasonable drive to work. And what I pay in rent is unaffordable
Not everyone can afford to buy their own house, nor may they want to. Just remember that ultimately the renter will assume the costs of added risk and loss for the landlord. It will either be in the form of higher rent or reduced rental capacity due to small landlords leaving the market (which will drive up rents).
And don't just blame the federal Liberals for the housing crisis. It's the shortage of tradespeople, rapid increase in interest rates worldwide, years of restrictive city zoning, Covid after effects, and recent wars forcing refugees to flee their homelands. I'm sure I missed some things.
@@AlexM-iq3nh I think you might be jumping to conclusions. The issue is supply. Let me put it this way, almost all those rentals are likely filled. If there were 10-20% more homes available, all property prices would come down dramatically and you could likely afford a property. So the question is really, why isn't there more supply?
Landlords are getting out of the rental business because of the BS. This is creating a rental shortage. Can't blame the Landlords.
A lot of this comes down to the fact that our court systems are not sufficiently staffed, especially given the rise in population in Ontario in the last few years. The proportion of judges to population has gone down, causing backlogs in all judicial areas of government.
Yes, it's bad when tenants don't pay rent. Yes, it's bad when landlords don't repair.
Having a system with delays ends up punishing good landlords and good tenants throughout the wait. More immediate rulings mitigate that. It's already illegal to not pay your rent or to not do sufficient repairs; making it "double illegal" does nothing to help. The real problem is that enforcement of the law is done at a snail's pace.
I would never be a landlord again. Totally understandable that landlords are switching to short term rentals. They’re not under the Landlord and Tenants act
I mean they could just sell their extra homes to people who want to live in them.... solves every of these problems.
@@skillcoiler So do you give away the extra cash you have left?😅
@@skillcoiler Do you realize that many rentals are suites within homes or laneways? If loser tenants are able to take advantage of a homeowner's kindness, they will keep their units vacant. Loser tenants hurt good tenants by creating less inventory and more checks prior to owner's renting out their units. Also, the increase in Capital gains taxes, while you may celebrate it, will further limit supply. If owners could kick out problematic tenants within a reasonable timeframe and have them actually accountable for damages, more owners would open up their empty units. Personally, I will keep my units vacant should I build a new home at some point.. there is zero chance, I want to be stuck living next to a loser tenant. It's like cities opening up a housing shelter in nice neighbourhoods, and expecting crime to decrease... 100% crime will increase and neighbours will be threatened / assaulted when shelters are opened up in neighbourhoods; but there is so much money at play for the cities / buddies.
@@Ryousure I mean I am sure that YOU thought that was an intelligent gotcha response to my comment but.... sorry to say it wasn't even on topic to my comment. So to answer your question, as you asked in context to my comment, no I do not sell my extra money for money....
@@MrTrevorDidier Or once again.... they could SELL their extra homes to people who want to live there.... This is not even remotely complicated to understand I wonder why you are having a hard time doing so....
Here’s what pisses me off watching this as a renter for the last 14 years every single landlord has been a complete a haul and try to keep the deposit we have had to call the police and we have had to say that we’re not leaving until we get our money back. This is fine showing bad tenants, and we all know it happens but be fair and show the other side of the story there are for every bad tenant. There is too bad landlords I can tell you that from experience we have always paid our rent on time. Never missed a payment, clean the property as good as it was when we moved in and we have had to fight for a deposit back. It just needs to be a government run industry and as much as I prefer free capitalism and agree with that in this instance, there’s too many shady people on both sides, and if it was ran by the government, the losses wouldn’t be affecting the people in their pocket but I guess then every taxpayer would be paying for the losses. I don’t know what the answer is, but it’s never fair on both sides.🤷♀️.
Exactly!!!
All holed Landlords do exist, I will grant you that - but they are KNOWN OF IN SHORT ORDER so, they have problems getting ANY TENANTS AS "THE WORD SPREADS QUICKLY". It is actually no different than car mechanic repair shops....they NEED the business of customers ; so if they get a bad reputation; payments still have to be made so they suffer as they need many clients to pay off their costs. A landlord has costs too; land taxes, utilities, maintenance of the rental as everything breaks down or wears out sooner or later from being used. Normal use it may last 10+ years of normal usage- or 10 renters. That essentially is what makes up RENT. It just takes ONE to eFF that.
. As I reflect on this, as I was a repair man for a hotelier, I realize I never checked the bathroom of a unit. The guy who rented the room for a night. It looks like he had a hunting knife with a point and did every square inch of the rental stove, fridge, counters, walls, doors, furniture, (I forgot to check the bathroom toilet ceramic)door frames, they are little holes but still this HAS TO BE REPAIRED before the room could be rented out again...and the standard punch a hole in a wall or door repair. Not normal behavior.. He skipped off with his damage deposit fully refunded. This is the kind of tenants we get.
. It wasn't a CHALLENGE. People like this ruin it for the rest.
I think there’s a site you can go to to view reviews on both landlords and tenants. Someone created it so people would have a way to retaliate against people like this and hopefully help the next.
I’m sure you can google it easily enough.
Obviously not everyone will be on there but it’s a start. If it continues to grow it could be invaluable.
What we need is for the A hole landlords to get the A hole renters! Then they can deal with each other as leave the rest of us alone.
The government is the problem. Renting is a private contract between two parties. Failure by either party is a civil matter. There is no role here for the government. It is their interference that drives costs up by artificially suppressing rent increases to the point they can not maintain or improve the building. I know many people who would not buy a place to live because of below market rentals. It messed the whole system up. A lot of rentals were turned into condos making things worse. This is when bad landlords saw an opportunity. Get these buildings cheap. Use all the loopholes to get a tenant out. Remodel units, raise rents and then resell buildings. These loopholes were provided from previous. board decisions. Millions wasted trying to overregulate a private contract. Get rid of this and new rentals will be built. More competition ensures fair rents.
Yes, there also bad landlords but the reality nowadays is how the laws tend to favor tenants now. Look at the USA as an example. They have tenants and squatter's rights as well and bad tenants and professional squatters game the system because of this lopsided law.
The government needs to step out of controlling home owners. Owners should not need permission to remove people from their own homes and properties. If tenants get evicted without actual resons they can sue in civil court. Forcing homeowners to have to tolerate being abused by people living in their homes is outrageous!!!!
That is only in feudal system.
Really, so the bank should be able to foreclose on you "just because" and kick you out without notice or legal permission? Thats an insane and gross violation of one's rights.
I called the city for help
With hoarders, they told me they only help
Tenants. The basement was stacked to the ceiling, barely getting to furnace, leaked the hot water tank, built two other sheds in a small
Backyard, the backyard was littered with junk. It was awful. Did not pay rent for months, took a year to get hearing, on open room. Never see any money returned even after ltb. They should have a credit bureau at the hearings and garnish immediately!
My last landlord promised us a long term lease… asked us to move out 6 months in because she wanted to “move in”. We got priced out of the market in our area as a result. Living back at my parent’s place with my family of 5 because these landlords want $4k/ month just for the top half of a house.
This is not just in Ontario, I'm living in the Yukon and it is the same here. No help from nowhere especially non from the party that pushed the protection for tenants, but nothing for the Landlords.
Bad renters need to be evicted quickly …for the sake of the other tenants in the building. If you’re on the same floor as one of these asshats ,your life becomes miserable. You feel unsafe and your sense of sanctuary is gone. And all because the landlord is forced to wait an inordinate amount of time before any evictions can be processed. What about the rest of us in the building? We pay our rent and we want to feel secure and peaceful in our homes. Think about us too
The same rules that keep the landlord from evicting your neighbour keeps you safe from violations by the landlord too. You may think you know what is happening between the landlord and your neighbour but perhaps you only know the partial story, I don’t know. I DO know that without the rules that protect your neighbour from being evicted immediately also prevents you from being evicted should someone offer to pay more for your rental than you can afford to match or for your landlord to make other unreasonable demands upon you for your continued good standing.
No the system is not perfect but it’s better than what the Landlord’s would have it be if it were left solely to them once more. Believe it or not they used to be able to do pretty much whatever they wanted to do with their property regardless of who was paying for the space. Those were NOT the good old days….
From my personal experience, I will say the Toronto Landlord and Tenant Board is the most ridiculous and inefficient department in Canada.
This is so sad. A family i know rented the basement to a professional tenant. They rented the basement out before and never had an issue for 8 years with their tenants. I don't think tenants understand the mental abuse that lamdlords endure or the stress the landlords endure when the tenant stops paying rent. Some states in the US are changing the lamguage around what a tenant is to separate squatters from tenants. Small landlords are not the same as bulding landlords. If you don't pay your mortgage your house gets taken away. But the tenant stays rent free. I dont think the people in charge of Ontario's housing actually realize the support small landlords offer to the housing market. I also question the objectivity of the presiding decision makers at the LTB. There is no information on their credentials or their educational background. Landlords are just supposed to hope that the presiding official will see the facts. Without testing for true objectivity of these individuals how do we know that they are even actually qualified to make these kinds of life, mental and health impacting decisions. Tenants have ao much support and so many rights yet they find loopholes which the government still isn't closing. Now there is a vacancy tax for toronto home owners. The system needs to change to aupport both sides! There are good tenants and good landlords. There are bad tenants and bad landlords. The bad tenants are getting through the cracks and meeting good landlords - this needs to stop. Bad tenants need to be reprimanded. The credit bureau reporting doesnt do a thing!! Landlords should not be left feeling helpless when they are being done wrong.
If you can't afford the property with out the rent you could never afford it in the first place.
Why is it okay for a tenant to not pay for a house when literally every adult pays for a roof some way shape or form. If a landlord defaults they lose their home. Why should a tenant be allowed to default let alone destroy someone elses home. You dont know what it took for someone to buy a home or how circumstances change. Tenants go through hardships too but my point is if you OWN you cannot go without paying for a roof over your head without consequeces, its not a landlords responsibility to house a GROWN ADULT for free and cover their living expenses. Thats what tenants that are okay with this are basically expecting. Our country is filled with pathetic man children and this is why its going down the toilet
This is what happens when you allow a bunch of women to govern the country.
@@tRaInWrEcK4751you guys wanted higher value homes. Now youre the only ones who can afford them and you cant even afford them. Looks like you bit off more than you can chew, but like spoiled brats expect to alwasy be in control to defer consequences on some poor chap.
@@XetaXones They wanted a scam, proposed one and got the scam and are now mad they're scammed. I CAN make this up but canada definitely beat me to it.
Landlords should be aware of this being a risk before going into it. Its also not a bad thing if there are less landlords as investment properties is what is propping up the housing market
Right, but the risks are unjust. And, plenty of landlords are not investment property owners. Many live in their own house and rent some/part to a tenant.
@@rl1389 The risks are not unjust. It's a business. Fixing a burnt wall is a business expense. Not doing so should be criminal.
Less landlords??? yup its happening already in toronto, that;s why there is a housing crisis in Toronto, people stopped renting out units in their homes. Why would you want to make it worse?
@@gabe9671 LOL think about it... if less people had investment properties then prices would be lower and more people would be home owners
Less landlords mean there will be less properties available for people who have to rent.
If there are no landlords, only owners, then anyone who cannot buy a house would be living on the street.
Housing people is government and big corporations not small landlords responsibility.
Buy your own house instead of stealing from good people.
I would but, oh wait, the prices have doubled in 5 years....
The exact same could be said back to landlords. If the tenant could pay for the mortgage, they would. And they wouldnt have to deal with an a hole landlord either
@@XetaXones not all landlords born with a silver spoon. They put savings at priority, cut all unnecessary expenses, no expensive travel, eat simple etc. Many work two jobs to buy a house. Nothing comes free and easy.
Ask yourself can you sacrifice a lot to own a house? If not, don't sabotage small landlords. Without them, tenants stuck with big corporations rental. Think twice before complaining.
@@supercoppy i dont care. That doesnt change the fact that bc you managed to be able to buy up multiple properties, you contribute the skyrocketing of house prices. Now most tenants are working ppl whod would otherwise be able to afford their own home.
Now its not working out for you so you expect to erode ALL tenant rights to make sure your investment is guaranteed a return. Youre oppressors. Sell your house, single family homes and mortgages were never intended to be abused this way. It shouldve been illegal from the get go, it has caused so much instability and problems, not to mention made everyone without a home poorer.
You guys eroded the quality of life so now ppl have to share close loving quarters with these “problem tenants” who directly make our lives worse and more dangerous too. I remember growing up in apartment buildings, now its “rooming houses”. Tenant rights shouldnt be eroded just to make you more comfortable and guarantee your investment has a return.
You wouldnt be able to do that in the stock market. But bc its humans you expect to work the system in your favour to the detriment of ppl not as wealthy as you. You landlords have made yourselves a direct threat to the few protections there for the underclass ppl. You erode the quality of life and then expect to erode it more til it works absolute in your favour? Youre oppressors.
@@XetaXones lol you are a sad and passive person. I feel sorry for you that you think the world owes you but in reality you can't sacrifice like many people do,instead, full of hate, anger and jealousy. You think many small landlords owned multiple houses? Many of them only own a house, they rented out the basement or top floor and they are in blue collar jobs.
If you are in white collar job and cannot afford a mortgage then you should think of changing your job to blue collar. Why a blue collar can get a mortgage and white collar cannot? 😉
If a tenant fails to pay rent for one month, they should be subject to removal without the need for court intervention. It is unfair for landlords to bear the financial burden of non-paying tenants. If any lawmaker believes it is unjust to evict tenants for non-payment, they should personally cover the unpaid rent to understand the implications.
Sold our rental about 10 years ago because of one problem tenant wrecking the place , disturbing other tenants and non payment. Went to the LTB who suggested an arbitration which we did, the tenant promised to pay, well they didn't and it was another couple of months before we finally got the order for an immediate eviction. Took it to the Sheriffs office, and they said they would need two to three weeks because they had to do a "safety something" before they would go.. and that lack of action ran into another month of lost rent. We lost thousands. Never again. Anyone we know who is considering renting out a basement suite etc we warn them they'll regret it.
Douglas Kwan of the Tenant Advocacy Group, is providing wrong stats. Cases have increased and staffing had shrunk perhaps to balance the budget or in anticipation of the claims of the automation product. Though they may have hired new staff recently to pump up the numbers experienced staff left.
However, this is not a battle between landlords and tenants. The Ontario LTB has become useless under, Doug Ford, Conservatives. When the courts don't work you will get the rise of the mob. That is a horror no one should want but it will happen if things aren't fixed and more money poured into it. What is a balanced budget worth in a mobed up housing market? A ounce of prevention is worth a pound of cure.
Renting is about providing a home for others and sitting on that investment as a nest egg, it is not for quick profit
As government servants, we paid tax so they get salary to work. There is no excuse. They have responsibility to provide service.
I agree with this guy. I am going through the same thing where my tenant don’t want to pay. We need a petition. It is an unfortunate situation. The government fail the system
we need more rights for the landlords. And we need faster ways to kick out tenants for non-payment. it's not fair to the landlord waiting 16 months.!!!!!
LTB is grossly inefficient!!! Some days are fully scheduled where cases are adjourned due to running out of time, while others are scheduled for full day and completed by lunch.
The LTB was never designed to deal with small landlords getting other ppl to pay for their mortgages. It has clearly caused instability in the entire society, indirectly and directly. It should be illegal for landlords to buy multiple single family homes to rent for profit. It has no benefit to landlords, tenants, employers or society at large. This entire problem makes no sense, only continues bc of stubborn control obsessed ppl who refuse to accept they over played their hand and cut their losses
Why should you need a hearing to evict a tenant that hasn't paid? What is our society coming to?
Unfortunately, there is a rare tenant at the end of their rope with a bad landlord who won't fix anything. It's why the law allows tenants to explain why they withheld and show receipts for required repairs needed for habitability. Our society has been saddled with both bad tenants and bad landlords forever.
Why do you think someone else should pay your mortgage? Soon you landlords will rent out coffin or dog cage homes like Hong Kong
@@harlanjackson6112
You are telling me they dont pay their rent for a year and then show a couple of receipts for repairs and that is all acceptable to the courts.
@@XetaXones why do you think somebody should pay for you to live. What kind of king do you think you are? Does the world owe you something?
@@harlanjackson6112
Sometimes the rents are really cheap because nothing gets fixed. When a person moves in then suddenly they get standards.
People r so entitled and arrogant. Canada does not have huge social housing it highly dependent on private and individuals landlords. If people just stop renting basement suites alone will be a huge shock to the system. Landlords are not your parents it’s not their responsibility to cuddle ur irresponsible behavior. I see commenters saying the risk is on the landlord for having housing investment WTF. tenants should have rights from abuse but that right should only exist as long as they pay rent and not damage property. Just like child support the court should put a lean on their paycheck if they failed. You can’t simply stay without rent for like 16 months ridiculous. Try renting to people like family friend or some one with contact, check their background professionally in social media
Absolutely correct.
If it's that bad then maybe landlords should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else instead of being a rent-seeking parasite that has other people pay your mortgage for you while you take homes off the market
@@gallagherhelensounds great. If there are no rental units at all, how are new immigrants, students, women running from abused relationships, divorcees, temporary residents to find housing? I came from communism and this idea that communism is free rent, free drugs,free food because government provides it is not working.
And we tenants are fed up with slum lords like the ones i have who are as we speak are acting in revenge after i enforced my rights
Accountability is the key. Tenants must be held accountable to pay rents, damages, and fees with few exceptions. Second tenants need to be held accountable for bad behaviour which doesn't meet the threshold of police involvement.
The solution is a collection system, with teeth, administered by the courts. Similar to the way Bailiffs in UK operate. As well as a registry of "bad" tenants, after court judgment, administered by the court and accessible for public viewing. Evictions, damages, continuous late payments would be seen by prospective landlords weeding out bad faith tenants with an enforcement arm to collect the bad debt.
This is crazy, why would anyone rent their homes!
They don't they rent their rental properties
Because you can't afford not to.
Greed.. the real estate industry is broken
@@alvarosotomayor I don't think it's broken it's a sign of things to come
Why even have roommates in such an immoral society?
If you walk into walmart and steal groceries, you get arrested, tenants not paying rent is the same thing.