Archives for May 2012

Convenience Of Zipcar In Toronto – Episode #95

How can a company like Zipcar or Autoshare create value in a specific location for Property Owners and Tenants? We interview Chris Ho who is a Real Estate Investor and Research Analyst and we ask him what he plans on presenting to these companies in the near future.

Transportation is an Economic Fundamental when it comes to having an impact on a particular City. You can add these companies to an area to make transportation more accessible. What this means for Renters and Home Owners, now you have more ways to move around the city without the burden of car ownership. Therefore, Renters will be more attracted to rent from your property because they have an option to commute in a very convenient way. For Home Owners, this can definitely have a positive impact on property values.

Human Rights Code Applies To Landlords – Episode #94

There is a lot of information that a Landlord needs to know about the Human Rights Code and Housing.

Where do housing rights apply? “The right to equal treatment without discrimination applies when renting or buying a unit. This right also applies to choosing or evicting tenants, occupancy rules and regulations, repairs, the use of related services and facilities, and the general enjoyment of the premises.” – Ontario Human Rights Commission

Believe it or not, there are rules to posting rental ads and Landlords cannot deny a tenant housing based on certain criteria which we discuss in this episode. There are some ads that openly discriminate for example: “Seeking mature couple”. And there are some ads that discriminate by accident for example: “Suitable for single professional”. There are many things you can and cannot say and in this episode I provide examples. The Human Rights Code also outlines what information you may ask for when choosing tenants or screening them.

For more information: Ontario Human Rights Commission: www.ohrc.on.ca

Toronto Beach Duplex With Lake Views – Episode #93

This is going to be another massive renovation project to convert this original Beach Duplex into a high end executive Beach Duplex with gorgeous lake views. The owners Tommy and Kelly have purchased this property for $730,000 just three houses from the Lake. This property is surrounded by million dollar homes and will attract a very niche tenant profile who understands the value and benefits of living in the Toronto Beaches…and more specifically 3 houses from the Lake!

This episode is the “before” picture. We are very excited to be capturing the entire project and ultimately showing you the final product when it is all complete.

To Watch the After Video click here: Premium Rents In Premium Locations – Episode #116

Stay tuned!

If you have any questions about the scope of the project or about the potential financial details please feel free to contact me to discuss.

Top Trends In Home Renovations – Episode #92

Results of the (AIC) Appraisal Institute of Canada’s Home Renovation Survey have been recently tabulated. Based on the informed opinion of Canada’s professional fee appraisers, the three most frequent renovation improvements undertaken by homeowners, which provide the highest payback potential for property owners:

Bathroom Renovations
Kitchen Renovations
Painting – Interior/Exterior

This information is valuable for homeowners to measure what effect home improvement projects may have on the resale value of their homes. Consumers should be aware that home values and returns on renovation investments are dependent on many factors such as the location of the property i.e. province, rural/urban, the neighbourhood. Notably important is the quality of workmanship and materials.

In this episode we discuss the greatest payback potentials, the ten average payback potentials, and the top trends in home renovations.

To check the R.O.I on your proposed renovations visit: www.aicanada.ca and click on the RENOVA Logo!

You can always call me to discuss these matters…it is always an interesting topic.