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Canada Landlords: Ontario, BC, Alberta and More

January 17th, 2014 · No Comments · Alberta landlords, BC landlords, Canada landlords, Ontario landlords

 Canada landlords 2014

Investing In Canadian Rental Properties Looks Better Than Ever in 2014! But Be Careful and Know the Rules and Regulations in Each Area Before You Invest

Canada has been a place that has been very lucrative for international investors over the past few years.

Now the opportunity has become even better as the Canadian dollar continues to be devalued.

This means investment properties in Canada are more affordable than even six months ago!

Your dollar has more value and as the Canadian Looney continues to slide the opportunities continue to grow.

The Key To Success In Canada Is Knowing The Local Markets

Canada is a huge country and there are significant differences in the laws between provinces.

Provincial governments in Canada have a lot of powers and can create a lot of different rules and laws for potential investors.

For example, Ontario landlords face ‘rent control’ and landlords can only raise the rent by a meager 0.8% in 2014.

Landlords there are not happy about this at all.

A good site to learn about the situation there is the Ontario Landlords Association.

Other Provinces in Canada

This contrasts to other provinces such as British Columbia and Alberta.

British Columbia landlords can raise the rent by 2.2% in 2014.

This is 1.4% more than Ontario.

Why?

The British Columbia rent increase formula is different and recognizes the costs residential landlords face running their rental businesses.

Even more striking is the difference in rules and regulations in Alberta.

This province already has very low vacancy rates in cities such as Calgary and Edmonton.

Alberta Landlords are allowed to raise the rent as much as they see fit for their current tenants.

There is no ‘rent control’ there.

Landlords in the rural province of Manitoba can raise the rent 2.0% in 2014.

This is actually quite good considering the province currently has a socialist NDP government.

While Ontario current has what is traditionally considered a centrist Liberal government, you can see a large difference in the allowable rent increases for each province.

Canada Landlords

In the coming months we will provide more news about the different rules and laws throughout Canada to assist you in finding out where you should invest.

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