Ontario Landlords Can Increase Rents 1.8% in 2018

1.8% Rent Increase Allowed for Ontario Landlords in 2018

Ontario Landlords

Ontario Minister of Housing Chris Ballard announced that the 2018 provincial rent increase guideline has been set at 1.8%, up .3% over the current year.
The annual rate of increase is based on the Ontario Consumer Price Index, a measure of inflation that reflects current economic conditions affecting the
As in previous years, this amount is the maximum that a tenant’s rent can be raised without approval from the provincial Landlord and Tenant Board, and applies to all new rent increases made between January 1 and December 31, 2018; it is also retroactively effective as of April 20, 2017.
Unlike previous years, however, the ministry’s annual rent control guidelines have now been expanded to include all private rental units, including those built as tenant-occupied premises on or before November 1, 1991.
This anticipated change results from the recently-passed Rental Fairness Act, 2017 that was introduced to protect an estimated 250,000 Ontario renters living in pre-1991 units from unreasonable and/or unpredictable rent hikes.
Ballard, who is also the minister responsible for Ontario’s Poverty Reduction Strategy, said the aim of the expanded 2018 rent increase guidelines is to make the housing market fairer for all, “ensuring that everyone in Ontario has the peace of mind they need…”


Please visit
to read the entire Government of Ontario announcement.

Take The Slow Path To Real Estate Investing

Turn One Rental Property Into 7 Figure Retirement Fund?

In my various meetings with different families, I hear many express concern over their retirements. Many are worried that they won’t have enough saved to retire.

This is pretty scary considering how many years we work throughout our career.

To help with this challenge, I just finished a new report detailing how you can turn just one rental property into a 7 figure retirement fund.

You can download this new PDF report here:

In this report, you’ll learn how to:

  • How to get someone else to save an extra $412 a month for your retirement!
  • How to setup a compounding money machine designed to accelerate your wealth!
  • How to have an extra million for your retirement!

Needless to say, this IS a powerful report and is definitely worth studying. You can access it now on my site here:

Be sure to study what happens if you follow this plan for 25 to 35  years! You’ll be able to leave a fortune to your family!

Income Property For Sale in Downtown London Ontariuo

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London Ontario Income Property

•  multiplex – FOR SALE  1279000 CAD . Income Property
MLS® 605286

A very solid 12-plex in good condition. All 11-2 bedrooms renovated within the last 3 years including new kitchens, fridges & stoves. Bathrooms have new tub surround, fixtures and vanity.

New vinyl flooring throughout. Building has new windows (all but 2).

Bachelor unit not in use.

Separate meters, security cameras & controlled entry .

Tenants pay own hydro, separate meters, Coin-op laundry (owned).

Ample parking and on direct bus route.

Some Numbers: $120,900 income based on 3 units at $825 and 8 units at $950.00 plus utilities
For the last 12 months, $3763 Heating, $3695 insurance, $6,380 water and hydro, taxes $23,864 = $37,702

Property information

Fixer Uppers in London Ontario

I get calls or emails everyday about fixer uppers in London Ontario. It is usually after someone has watched reality shows on TV or read a get rich quick book with no money down or a book about how easy it is.


What if you bought a fixer upper to live in for a few years and then repeat the process?

What about a couple who are handy or even want to be handy and who do not have to keep up with the Jones’s for appearance sake? Instead of buying that $200,000 or $300,000 home with the finished basement, nice schools, close to work, 2 car garage and then busting your butt to ensure all your monthly bills are paid? And, hoping that your home will increase in value in 5-10 years.

Fixer uppers in London Ontario

What about the couple who buy a small home outside the city for cash or 5-10% down, are prepared to drive a bit to get to work and have a 1-2 year plan to fix the place up and sell it and repeat this 4-5 times in 10 years?

Look at the math. Instead of a $1000 plus going to interest every month, you buy something where that interest goes perhaps $600-$800 goes to fixing your place up. after 1-2 years you sell it, you may earn $10,000 plus but lets say you only net $15,000? That’s low but stay with me here.

You do that 5 times or more? If you compared the couple who has had only one house after 10 years, mortgage poor or to keep up with their friends, go deeper in debt and get a bigger home, or the couple who uses their sweat equity and common sense after 10 years?

I have 14 couples now who followed this plan and let me give you 3 scenarios:

  1. Couple number 1 lives in a $260,000 home, no mortgage and are under 35 years old and have no debt
  2. Couple number 2 live in a condo now, no mortgage and are living off the rental income of their last 7 homes they bought, and instead of selling, they rent out
  3. Couple number 3 are into house 3, it’s worth about $275,000, they owe just under $100,000 on it and their first home they bought, they scraped, borrowed and begged to come up with a $5, 281 down payment!

Are the above 3 different than most? Yes. you see, they are willing to pay the price in time, effort and ego to build their financial stability. Now, at the end of the day, 10 years from now, who is living the good life?

smart home owners London Ontario

Is it easy? Safe? Nope! Is it wise and financially prudent? You bet! So I ask, do you have what it takes or are you going to go through the rest of your life in debt and looking well off or no debt and feeling well?

Turn One London Ontario Rental Property Into a Retirement Fund

 How to Turn One London Ontario  Rental Property Into a 7 Figure Retirement Fund
In my various meetings with different families, I hear many express concern over their retirements. Many are worried that they won’t have enough saved to retire.

This is pretty scary considering how many years we work throughout our career.

London Ontario Rental Property

To help with this challenge, I just finished a new report detailing how you can turn just one rental property into a 7 figure retirement fund.

You can download this new PDF report here:

In this report, you’ll learn how to:

  • How to get someone else to save an extra $412 a month for your retirement!
  • How to setup a compounding money machine designed to accelerate your wealth!
  • How to have an extra million for your retirement!

Needless to say, this IS a powerful report and is definitely worth studying. You can access it now on my site here:

Be sure to study what happens if you follow this plan for 25 to 35  years! You’ll be able to leave a fortune to your family!

To truly change your life, you need an asset that throws off regular, monthly cash. That might mean something like a real estate property paid off in cash.

   If you are renting out a $225,000 property that you own in cash, you could very reasonably have $1,400 coming in per month that you get to use to make stock market investments. Do this for a couple decades, and you are going to benefit from rising rent cheques that give you even more money to invest, and then the investments from years gone by start to throw off meaningful income all of their own, allowing you to spend your life constantly taking incoming cash and making fresh investments.

  At that point, investing is an art form. It’s a lifestyle.

  You’re not playing the lame game of trying to beat the S&P 500 by a point here or a point there each year, but instead, you are laying the bricks of a financial fortress each month as you create a perpetual income machine that lets you build a collection of assets that keep on generating cash.

Time & London Ontario Income Properties

Successful real estate investors in London Ontario and area understand time as a trusted ally and use time to build wealth and as a yard stick for their decisions.

Invest today and use Time as your friend

Every week I get calls and emails from wannabe investors whose main criteria when asking me about properties in London Ontario is how much is the rent collected and comment that they want or need more than that. Makes sense when you think about it and if that was the main criteria for buying properties, you can now understand why some struggle and give up.

Compounding and time work for the wise real estate investor. They understand that positive cash flow, even if it’s a few hundred dollars on a duplex or triplex over time, adds up. They understand that monthly their tenant is paying down the principle on their mortgage and there is even the possibility that the property increases in price overtime, therefore, building what I call quiet equity.

Real simple isn’t it? Yet, because it is simple, we as humans like to complicate things!

Yes there are risks in investing in real estate but 99% of the time you have control over your investment, you can see it, touch it and not some fund manager you will never meet & who gets a piece of your pie before you do or ‘your financial advisor’ who makes money off of you, even if you don’t!

Yes, there are ‘stories’ about flippers, deal makers and get rich quick people but in the real world, time balances everything out, even the tortoise and hare understand that!

Make time your friend, we all have the same 24 hours, some just use it better than others!

My investor clients do well!

London Ontario Income Property Tenant Woes?

If you own income properties in London Ontario, you probably have had  a few tenant woes in the past or have heard of war stories about problem tenants, and in most cases these stories involve  losing time and money.

Most rental property woes have a common theme. The common theme from every story or problem is:

 London Ontario Income properties tenant woes

Selecting the Wrong Tenant.

The 80/20 Rule, also known as Paretto’s Law, states that for many events, roughly 80% of the effects come from 20% of the causes. In rental real estate, this means that the majority of problems come from a very limited number of factors.

I would actually take this further with rental real estate and say that 95% of  problems come from selecting the wrong tenants.

I googled “How to find and screen tenants” and found 592,000 searches on the topic, yet some landlords keep having tenant woes and if you do, do you not think it is time to change how you do things?

That is the problem with information and how to’s, it is readily available but most don’t know how to implement the how to how-to! (Try saying that fast)

I had one landlord say to me that paying $20-$25 for a credit check is expensive! What does 3 months cost of trying to end a tenant residency?

Consistent tenant woes are like being overweight, you don’t get fat overnight! Eating a cheese burger and fries today will not make you fat overnight but overtime, it will. The same with a tenant, lack the discipline and the ‘how’ to screen tenants and the only weight loss you can expect is a lighter wallet and if you keep it up, you’ll lose sleep as well!

I should point out that some tenant woes are quite valid with some landlords & fortunately for me, those landlords do not read  blogs, wash behind their ears or ask me to help them with buying or selling properties in London Ontario.

Selling a London Ontario Income Property For More

    Maximizing the Value of Your Investment Properties

Most investors who want to  sell any of their  income  properties in London Ontario and area, want to sell  for the absolute highest price that the market will pay.  That is not usually the case though.

Leaving money on the table

  Canadian statistics show that properties that sell the quickest sell for the most money!The very same elements that make a property sell quickly also make the property sell for the most money.  But few investors know about these essential elements, let alone most sales people.  And,as a consequence, unknowingly, sellers are  leaving money on the table at closing, or wasting time selling their properties.

And time is money!

 In years of working with income properties, I’ve learned a few things  on how to sell  income  properties quicker and for money.

One of the tools I developed , I call “Top Dollar, Fast Sale Investment Property Audit.”

This audit is not like those simple market statistics Realtors or appraisers give you. It’s a complete audit of your property, from top to bottom, revealing the elements that affect a full price and a quicker sale.

Here are a few items covered in this audit

  • How to get the absolute highest price the market will pay for your property;
  • The difference between functional and cosmetic issues with your property; and how easy-to-fix and inexpensive problems may be costing you thousands;
  • How to “dress” your property to make it look like it’s worth thousands more (the way property is “rented” and the way it’s “sold” are two very different things!)
  • I’ll inspect your property from top to bottom to reveal the true problems affecting its successful sale: from specific condition issues, through lot sighting, property sighting, construction quality, schools and location.
  • I’ll show you how to minimize the impact of negative property elements, and promote the positive features, so you can get the very most money for your property.  How can I do this?  Because selling investment properties is not like selling ordinary real estate, there are skills & tools involved that most residential sales people do not have.
  • And unlike others, who will tell you anything just to get your listing, I’ll show you exactly what your property is worth with a reliable, real world analysis. No fancy figures. No hard sales pitches.
  • Just the facts, the brutal truth, whether you want to hear it or not.

There’s one more thing!  There is absolutely no fee for this, you are under no obligation what so ever and you do not have to sign anything.

Whats the catch?

 I get an opportunity to meet you and see the property, you are able to evaluate if I’m full of s**t or not and if we both think together that we can market your property and sell it, then you may hire me. If not, you get some insights you may never ever get and I go away empty handed and ride off into the sunset!

  I know there’s a tendency to put this aside and “think about it later.”  But every minute you spend time “thinking” and sitting on the fence can end up being a pain in the butt

    You have thousands of dollars and valuable time to gain …and absolutely nothing to lose by calling me at 519-435-1600 now.  I look forward to hearing from you. Don’t give your hard-earned money away needlessly

London Ontario Income Properties Good Landlord Habits

When owning London Ontario income properties, good landlord habits will make a huge difference in your bottom line.

Become a wise investor in London Ontario income properties by adopting these points in your long range plans, these ideas have been used for years by some of the the most profitable landlords ever! They are real simple and yet, choose not to follow them at your own peril!

London Ontario Income Properties

  1. Before you make an investment in a duplex, tri-plex or single family home, evaluate your financial situation.  Ask yourself if the timing is right.  Don’t just go with your gut or the latest TV commercial or ad, get rich with no money down razzle dazzle mumbo jumbo!.  Learn the basics about cash flow,  loan amortization (extremely important).  Meet with a knowledgeable Realtor who is familiar with the market and can help you make sure you’ve got all your bases covered.
  1. Do a thorough search to find what you think the right investment property for you might be. An experienced Realtor can then explain the pros and cons and then help you identify and buy the property, work with you on all documentation including rental and lease applications, purchase contracts, city permits etc.
  1. Have a professional inspection as a clause before your offer is firm.  Make sure there aren’t any major problems and if there have been problems, make sure they’ve been properly addressed.  You’re investing your hard-earned money, be cautious.
  1. Visit your property at least twice a year.  Talk to your tenants to get feedback on things that need repairs etc. It’s less costly to take care of little problems before they become big problems.
  1. Have adequate insurance.  When you own property, you have potential for liability.  Work with an insurance professional who will see that you are well covered.
  1. Positive cash flow.  A skilled Realtor can help you determine the amount of rent that is reasonable for the condition of the property, its amenities and location however, you do not want any long term vacancies. The best time to make these decisions is BEFORE you make an offer!
  1. Be very selective about your tenants from the start.  Check all references, including previous landlords, payment history, employers, and credit history.  Good renters will help you generate positive cash flow that you can use to reinvest back in the property payment and speed up the amortization schedule.

Not having the right person to help is a common prognosticator of faulty investing. When investing in real estate, you  require more than just the average Realtor to find and close on the best properties. Just as there are physicians who have a general practice in medicine  you also have specialists.

“It ain’t what what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”

Mark Twain

Consequences of Over Paying For a London Ontario Home

Overpaying for a London Ontario home such as paying over the listing price, or paying near the asking price of an over priced home or no conditions can come back to haunt those who do.

I get it that there is a shortage of houses & condos in London Ontario for sale. When prices rise because of shortages (fear of loss) we humans seem to throw common sense out the window!

Overpaying for a London Ontario Home

We have seen it with oil, vacation ‘deals’, the stock market, kids toys or the latest concert performance.

Mark Twain wrote that humans have a lot of common sense, which is why they don’t use it! I was looking at the year to date real estate sales in London Ontario  and saw some homes in London sold at 110% – 125% over the asking price!

It seems to me that home buyers are acting on impulse and  impulsive action is based on emotion (keeping up with the Jones’s or fear of loss) rather than common sense.

Acting impulsively has consequences and for a buyer of real estate, that could mean, when it comes time to sell, the market either has decreased or not kept up with inflation, being house poor and in turn, having to become more frugal in the other areas of their life.

In the heat of negotiating, counter offers and multiple offers, most buyers act impulsively, even their sales representative.

 How I think a real estate buyer should act.

Be prepared! First, know the facts, neighbourhood prices, your financial limitations and lifestyle and secondly, psychological preparation.

Facts are the easy part and make sure they are facts and not opinions & poor perceptions. Mentally being prepared to walk away takes courage and good old common sense.

Price is what you pay, value is what you receive!