Newsletter | July 2022

July Wrap Up from the Toronto Home Experts Team!

Summer is in full swing and we hope you have had time to relax and enjoy time with friends and family!

As for the current real estate market, sales volumes in the GTA has eased and prices continue to cool from the early peak back in February. For a complete breakdown of the June real estate results, watch Alex's latest update video here. 

Whether you're staying local and enjoying your backyard or are adventuring elsewhere, we hope you have a fantastic time! See you next month!

PS. Be sure to scroll down to enter this month's giveaway for an Uber Eats Gift Card!

The Ontario rent increase guideline for 2023 

has been set at 2.5 percent

The  2023 guideline is applicable to most rent increases between January  1 and December  31,  2023.

The rent increase guideline is the maximum amount a landlord can increase rent during the year for most tenants without the approval of the Landlord and Tenant Board. It applies to the vast majority of rental households covered by the  Residential Tenancies Act. It does not apply to rental units built and occupied after November 15, 2018, vacant residential units, community housing, long-term care homes or commercial properties.

Rent increases are not automatic or mandatory. Landlords may only raise the rent if they gave tenants at least  90  days written notice using the correct form. In addition, at least 12 months must have passed since the first day of the tenancy or the last rent increase. If a tenant believes they have received an improper rent increase, they can apply to the Landlord and Tenant Board to request a correction.

For more information or if you have any questions on the 2023 rent increase guidelines, feel free to reach out to us today.

Expert Negotiators!

"We sold our home recently with Alex and Elaine. We are extremely happy with their service. They are professionals, easy to deal with, honest and straightforward, and expert negotiators. They helped us prepare our home for sale and walked us through each and every step of the way. We were unfortunately caught in the downturn of the market, beyond anyone’s control, but despite that we were still able to come out a winner. Selling your biggest asset is a huge endeavour and we are glad that we had the best team behind us with Alex and Elaine."

- Joy W.

 FOR LEASE : 40 Richview Rd. #1603, Toronto

Top 5 Things You'll Love About This Home:

1. Bright and spacious 2 bedroom corner unit

2. Resort like amenities including an indoor pool and party room

3. Oversized primary bedroom with dressing area

4. Eat in kitchen next to corner solarium

5. All utilites included!

Asking $2,600/month

 COMING SOON FOR LEASE : 77 Harbour Square #709, TORONTO

Top 5 Things You'll Love About This Home:

1. 1 bedroom unit with hardwood floors throughout

2. Private balcony with lake views

3. Renovated 4 piece bathroom

4. Exclusive locker and parking space

5. Close proximity to TTC, Grocery, Financial Core and more!
   
   Contact us for more details and to book your private showing!

Oreo Cookie Ice Cream Cake

As temperatures climb over the summer months, this Homemade Oreo Ice Cream Cake is the perfect dessert to celebrate a birthday or enjoy with family and friends after a BBQ.  Even better, the dessert is not just incredibly tasty, but also quick and easy to make, coming together in less than 15 minutes, and can be made well in advance, as it needs at least 6 hours in the freezer to set in advance of enjoying.  The only risk, once tasted, you may be asked to make it again and again – it is that good! :)

Enter for your chance to win a $50 Uber Eats Gift Card!

Don't feel like cooking tonight? We've got you covered! This month we are giving away a $50 Uber Eats Gift Card. Click the link below to enter for your chance to win!

Congratulations to last month's winner of the Summer Road Trip Essentials Pack - Darcie C.

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Royal LePage Terrequity Platinum Realty, 293 Eglinton Ave. East, Toronto, Ontario M4P 1L3, Canada

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