COVID and the housing market | Page 118 | GTAMotorcycle.com

COVID and the housing market

Im also pretty sure they can’t have diff rental rates for a single or double occupancy…doesn’t work like that last time I checked.
They included hydro/water/laundry so it makes sense that more people cost more. Not sure if it is legal to charge that way though. Laundry once a week is funny. One load a week, one day a week?
 
You folks have no idea how much stupidity I am dealing with trying to find a room rental

-- No Sex
-- No Drinking
-- No meat
-- Only women
-- You're too young
-- Key deposit
-- All rent upfront

etc etc


0_0
 
Yes, but so what? Do you think any part of the justice system will care? If apartments were licensed, the ads alone are almost enough to suspend their license for a year. If $20K+ was on the line, many would comply.
As before I agree with you. The fine/penalty is a joke.

What’s worse is majority of tenants will accept these BS conditions because options are slim.
 
As before I agree with you. The fine/penalty is a joke.

What’s worse is majority of tenants will accept these BS conditions because options are slim.
Based on George's experience, it seems the vast majority of small landlords (and some larger ones) are doing things that are clearly illegal with no repercussions. I'm not sure if the giant landlords are any different.

Years ago my wife rented an apartment from Glencorp. Heat (baseboard), water and hydro included. They sent a memo saying individual suite meters had been installed and they were providing a $25 discount on rent and you were required to pick up the hydro bill. You needed to provide tons of information and hundreds as a security deposit to the company they had partnered with. Hydro rates were far higher than hydro one (well rates werent but there were a ton of monthly fees to legally jack up effective rate) F that. Piss off, feel free to sign new people up with the new plan but you cant unilaterally tell all existing tenants that their monthly housing costs have increased by hundreds with no alternative (single pane super leaky windows). We just kept ignoring the very threatening letters until she finished school and didnt need that apartment any more. Pricks.
 
Always refer to the landlord tenant act. Nothing in your lease can supersede that. You can sign anything and do the opposite if it’s covered.


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Yup. @george__ can sign the lease, and move in with his wife and have all the loud sex, drink, do drugs, and whatever else he wants with no real power for the landlord to kick him out besides saying they need the unit for family.
 
do drugs, and whatever else he wants with no real power for the landlord to kick him out besides saying they need the unit for family.
Theres nothing in the LTA that allows you to kick out tenants for doing illegal things in the unit? I guess proving it would be hard unless you called the cops on them and got a conviction with drugs seized from the unit.
 
Are you looking for a room rental or your own unit? If I understand correctly if you're looking for a room and share part of the home with the owner the Landlord tenant act doesn't apply.

I rented a basement apartment for a family member last year and just thinking about that experience gives me anxiety. I feel your pain going through the search.
 
Theres nothing in the LTA that allows you to kick out tenants for doing illegal things in the unit? I guess proving it would be hard unless you called the cops on them and got a conviction with drugs seized from the unit.
You can’t do anything that negatively affects the ‘reasonable enjoyment’ of the other residents. And if you want to coke your brains out…so long as you’re quiet and not bothering anyone it’s all good.
 
Interesting note….I don’t think we’re going to see much of a drop but maybe a normal rise in pricing and sales compared to the early half of the year?

When offices start requiring return to work, it will affect house prices far from centres of employment. It is a really interesting game. I suspect the huge commercial landlords will start cutting deals with their tenants for cheap rent in return for returning workers to the office and maintaining space rented. The large commercial landlords are the ones that really take a beating if wfh becomes the new normal for many people.

I have seen articles where many people say they will look for a different job if wfh is cancelled but that may not be easy to find. Also, I haven't heard of salary adjustments for people doing wfh in "cheap" locales that seem to be well supported by law. If work says take a 20% pay cut to wfh or come back to the office, what do you do? Commute from the distant house you bought during the pandemic? Sell that house and move closer? Take the pay cut? Quit and try to find another employer?
 
@Scuba Steve that was exactly my thought while reading the article...the money saved on gas, oil changes, tires, etc. not to mention the time saved would in my mind, definitely warrant a pay cut...but hey, people don't seem to be able to think that way...they see their salary reduced and that's all they focus on...plus, you can write off certain house expenses by WFH, so yeah, in my mind, not always a bad thing (now mind you, you'd have to crunch the numbers obviously)...
 
Yup that's exactly what I plan to do in the winter.

Rent a room for $500 and then weekends go back to KW... I found a decent landlord but we are still ironing out the details ^_^
I’m thinking about selling a 1 br cheap. You can live anywhere. 4579B695-B467-49CA-AB3D-27571DE9F7E8.jpeg
 
When offices start requiring return to work, it will affect house prices far from centres of employment. It is a really interesting game. I suspect the huge commercial landlords will start cutting deals with their tenants for cheap rent in return for returning workers to the office and maintaining space rented. The large commercial landlords are the ones that really take a beating if wfh becomes the new normal for many people.

I have seen articles where many people say they will look for a different job if wfh is cancelled but that may not be easy to find. Also, I haven't heard of salary adjustments for people doing wfh in "cheap" locales that seem to be well supported by law. If work says take a 20% pay cut to wfh or come back to the office, what do you do? Commute from the distant house you bought during the pandemic? Sell that house and move closer? Take the pay cut? Quit and try to find another employer?

I suspect it may be very difficult for employers to force employees back into the office. Obviously there are many factors but for the employers that have been doing just as well or better how do you you legally have a case to force people back in.

Having said that I do agree there will be an impact on the housing market. GTA prices will possibly drop slightly or at least stabilize. Outer markets will drop.

I’m no expert, just my thoughts


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