1. Tenant evition
- critial info to get: sin, current phone, email, facebook, past landlord/employer, correct spelling of names (esp. Women w lots of last name)
- call landlord, ask for whether there are place to rent (to check real or not)
- parent contact - call it "in case of emergency contacts"
2. Carl Gomez fr Bentall
Marco:
-no inflation threat in next 5 years w lots of underutilized capacity
- canada: v shape recovery vs u-shape back in 90s. But growth coming off soon, affected by FX rate and slower growth of others
-Lending / residential mortgage
-home owner equity - 70% in canada vs 40% in Us
Housing mkt outlook
- going into balanced market
- according to house / rent ratio, 63% over value in Canada
- Toronto: 10% over valuation
- on long term avg, real estate should not grow faster than inflation (source: irrational exuberance). Here's Carl's blog. check it out.
Canadaeco.blogspot.com
Job prospect
- onatrio recovered 80% of job it lost, vs alberta - 40%
3. Condo myth Brian Persuad
- 20,000 condo registered since 2009
- 1/3 are listed for sell
- 25% enter into rental supply
- avg age 42 or higher
- mortgage need to qualify today though don't need for 4 yrs
- develpers must sell 80% to get financing
- 2005 - green belt limit availability of low rise
- 905 area condo could be attractive
4. Eviction - Ricketts Harris
-Useful links
Landlord sell help line 4165045190
-Ontario and california toughest tenancy registration
- always use written correspondence in communicating w tenants
- eviction forms/notice shouldn't be emailed only
- Giving notice s 43: set out reason, info tenant you will seek order if they do not leave, infor tenant that they are entitled to challenge order, keep a copy
- Annual/monthly tenancy: 60 days notice period
- critial info to get: sin, current phone, email, facebook, past landlord/employer, correct spelling of names (esp. Women w lots of last name)
- call landlord, ask for whether there are place to rent (to check real or not)
- parent contact - call it "in case of emergency contacts"
2. Carl Gomez fr Bentall
Marco:
-no inflation threat in next 5 years w lots of underutilized capacity
- canada: v shape recovery vs u-shape back in 90s. But growth coming off soon, affected by FX rate and slower growth of others
-Lending / residential mortgage
-home owner equity - 70% in canada vs 40% in Us
Housing mkt outlook
- going into balanced market
- according to house / rent ratio, 63% over value in Canada
- Toronto: 10% over valuation
- on long term avg, real estate should not grow faster than inflation (source: irrational exuberance). Here's Carl's blog. check it out.
Canadaeco.blogspot.com
Job prospect
- onatrio recovered 80% of job it lost, vs alberta - 40%
3. Condo myth Brian Persuad
- 20,000 condo registered since 2009
- 1/3 are listed for sell
- 25% enter into rental supply
- avg age 42 or higher
- mortgage need to qualify today though don't need for 4 yrs
- develpers must sell 80% to get financing
- 2005 - green belt limit availability of low rise
- 905 area condo could be attractive
4. Eviction - Ricketts Harris
-Useful links
Landlord sell help line 4165045190
-Ontario and california toughest tenancy registration
- always use written correspondence in communicating w tenants
- eviction forms/notice shouldn't be emailed only
- Giving notice s 43: set out reason, info tenant you will seek order if they do not leave, infor tenant that they are entitled to challenge order, keep a copy
- Annual/monthly tenancy: 60 days notice period
- List out Causes: if it's illegal activity, landlord has liability too. Make sure get police involved.
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