Understanding Tenant Screening in Ontario

Tenant screening in Ontario is more than just a mere background check; it's a comprehensive process to evaluate potential tenants' suitability. This involves reviewing credit reports, checking references, and understanding the tenant's rental history. Why is this important? Well, thorough screening minimizes the risk of rent defaults and property damage, ensuring a harmonious landlord-tenant relationship.

Investing in multi-family properties in Ottawa can be a lucrative venture if approached with the right strategies. Whether you're considering a duplex, an Ottawa triplex, or a larger multi-unit complex, understanding how to maximize your returns is crucial. This article delves into effective investment strategies tailored for multi-family property investors in Ottawa, aiming to enhance profitability and ensure long-term success.

Market Research and Analysis

Ottawa's summer is coming to an end and this means students from Ottawa's Universities and Colleges are back in Ottawa looking for apartments for the school year to come.

Those who were able to secure apartments before the summer started are feeling a sigh of relief as they will not have to compete with those looking for spaces for September 1st. The latest CMHC data from October 2017 shows Ottawa's vacancy rate at 1.7%. Average rent for the City at that time was $1,136.