cresi news

Thoughts on the Handling of Non-Payment of Rent Applications at the Landlord Tenant Board

It’s time to address a critical issue — the handling of NON-PAYMENT OF RENT applications at the LANDLORD AND TENANT BOARD LTB).

Currently, the board is backlogged with 53,000 cases, and the majority of these are non-payment of rent applications (N4). According to the Landlord and Tenant Board’s 2022-2023 annual report, there were a total of 64,450 landlord applications, with 37,690 being N4 non-payment of rent applications. This is completely unacceptable! The sheer volume of these cases demonstrates a broken system that is not serving the needs of landlords or tenants, further contributing to the housing crisis in Ontario.

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How to Turn $150K Into a $200K Down Payment: A Playbook for First-Time Buyers

Buying a first home is a huge milestone,​ but for many Canadians, saving for the down payment can feel like an uphill battle. Rising home prices and borrowing costs have made this a significant challenge—but with the right strategy, there’s a way to help your clients stretch their savings further.

The Secret Weapons: RRSP and FHSA

These government programs are tailor-made for first-time buyers.

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House Prices Are Low, Now Is The Right Time To Invest In Real Estate

“Be Fearful When Others Are Greedy and Be Greedy When Others Are Fearful’ 

 ~ Warren Buffet

This quote fits in with how the state of the real estate market is going. Right now, home prices are lower and the interest rates are higher. This is causing uncertainty and some people will not buy. You can be certain in this, prices and interest rates will continue to go up and down. No market situation is forever. People will always need a roof over their heads, that is FOREVER!  

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