Mark Savel | TorontoLivings - Toronto Real Estate

Jul 18

Rent Control Exemptions in Toronto Explained

By Mark Savel Advice for Landlords

What Is Rent Control in Toronto?

Rent control in Ontario limits how much a landlord can increase a tenant’s rent each year. For 2026, the provincial guideline is 2.1% for most residential units—meaning landlords can’t raise rents above that amount unless approved for an above-guideline increase (AGI).

But not all rentals follow this rule. In Toronto, a growing number of units are exempt from rent control, creating different rules for both landlords and tenants.

Which Rentals Are Exempt from Rent Control?

Post‑November 15, 2018 Units

Any unit first occupied for residential use after November 15, 2018 is exempt under Ontario’s Residential Tenancies Act. This includes:

New condo units rented out for the first time.
Purpose-built rental buildings completed after that date.
Newly finished basement suites or secondary units occupied for the first time after 2018.

Why Are They Exempt?

The Ontario government introduced this exemption to encourage new housing development. By allowing landlords to set market-driven rent increases, policymakers hoped more developers would build rental housing.

What Rules Still Apply to Exempt Units?

Even if a unit is exempt from rent control caps, landlords still must:

Wait 12 months between rent increases.
Provide 90 days’ written notice using Form N2 (VERY IMPORTANT as most landlords we speak with assume Form N1 is sufficient)
Follow all other tenancy rules (e.g., maintenance, eviction regulations).

How This Impacts Tenants and Landlords

For Tenants

Exempt units can see steeper rent increases year-over-year. Budgeting is trickier, and long-term affordability can be uncertain.

For Landlords

More pricing flexibility can mean higher rental income, especially in high-demand areas. But aggressive rent hikes may push tenants out, causing longer vacancies.

Average Rent Increase Comparison

According to Clavis Property Management, exempt units saw average increases of 5–10% annually in recent years—double or even triple the guideline cap.

Should You Rent or Invest in an Exempt Unit?

For renters, exempt units often come with newer finishes and better amenities—but expect rent to grow faster than older, controlled buildings. For investors, these units provide better revenue potential, making them attractive for long-term holds.

Thinking about renting or investing in Toronto? Talk to our team. We help clients understand how rent control exemptions could affect their long-term plans.

FAQ

Can my landlord raise my rent anytime?

No. Even in exempt units, landlords must wait 12 months between increases and give 90 days’ written notice.

Can I refuse a rent increase on an exempt unit?

You can’t refuse if proper notice is given, but you can dispute illegal increases at the Landlord and Tenant Board.

Are all new condos exempt?

Most are—if the unit was first occupied after November 15, 2018. Older condos remain under rent control.

Ready to Make a Move?

Whether you’re a tenant navigating rent hikes or an investor weighing the benefits of an exempt unit, our team can guide you through the Toronto rental market. Contact us today to get expert advice and a strategy that fits your goals.

External References:

Jul 17

Love0

Ontario Rent Increase Guidelines for 2026: What Landlords Can (and Can’t) Charge

By Mark Savel Advice for Landlords

What is the 2026 Rent Increase Guideline (2.1%)?

Ontario has set the maximum allowable rent increase for most residential units at 2.1% for 2026—the lowest cap in four years. This guideline, announced by the Ministry of Municipal Affairs and Housing, is based on Ontario’s Consumer Price Index (CPI) average from June 2023 to May 2024.

For landlords, this means you can raise rents by up to 2.1% without additional approvals. Tenants, on the other hand, can rest assured that any increase above this limit needs a formal application to the Landlord and Tenant Board (LTB).

Who It Applies To—and Who’s Exempt

The guideline applies to most private residential rental units occupied on or before November 15, 2018, including:

Houses, apartments, and condos
Secondary suites and basement rentals

However, some units are exempt, including:

Residential units first occupied after November 15, 2018
Vacant units (landlords can set new market rents)
Community housing, long-term care, and commercial properties

Key Rules Landlords Must Follow

If you’re planning a rent increase, here’s what the law requires:

Only one increase every 12 months
90 days’ written notice using Ontario’s standard Form N1
Effective window: increases can take effect anytime between January 1 and December 31, 2026

Quick Example

If your current rent is $2,000, the maximum increase without special approval would be $42/month, bringing the new rent to $2,042.

What If Landlords Need More? (Above-Guideline Increases)

Landlords can apply for an Above-Guideline Increase (AGI) through the LTB, but approvals are limited to specific reasons:

Significant capital repairs or renovations
Extraordinary increases in municipal taxes or utilities
Increased security service costs

Applications must include documentation, and tenants have the right to dispute.

What Tenants Need to Know

Tenants should:

Confirm that their unit falls under the guideline
Verify the math on any rent increase notice
Know their rights to dispute through the LTB if the increase seems incorrect

Why 2.1%? Context & Comparison

The 2.1% guideline reflects Ontario’s inflation trends, which have cooled compared to recent years. Here’s a quick look at past guidelines:

Year	Guideline
2023	2.5%
2024	2.5%
2025	2.5%
2026	2.1%

Bottom Line: Preparation & Clarity for 2026

For landlords: plan early and issue notices properly. For tenants: understand your rights and keep records of all communications.

If you’re unsure how these changes impact you—or you need help navigating Toronto’s rental market—reach out to the Toronto Livings Team. We’re here to help you stay informed and make confident decisions in 2026 and beyond.

Jul 16

Love0

How Long Is a Status Certificate Valid in Toronto? What Buyers and Sellers Need to Know

By Mark Savel Advice For Buyers, Advice For Sellers

Why Status Certificates Matter

When you’re buying or selling a Toronto condo, the status certificate is one of the most important documents in the deal. It’s a snapshot of the building’s financial health, reserve fund, insurance, and any legal issues that could impact ownership. Lenders and lawyers rely on it to confirm that you’re not walking into unexpected costs—or worse, a building with looming legal trouble.

The Legal Reality: Valid Only on the Day It’s Issued

Here’s the key takeaway: a status certificate is legally valid only on the date it’s produced. According to the Ontario Condominium Act, it’s essentially a “point-in-time” document. Think of it like a financial snapshot—accurate the moment it’s taken, but not guaranteed tomorrow. Condo boards aren’t required to notify you of any changes after the certificate is issued.

The Practical Reality: Lawyers and Lenders Play by Different Rules

While the law is clear, real-world practice adds a layer of interpretation. Lawyers and lenders treat the document as “current” for a certain window of time:

Lawyers

Most lawyers will review a status certificate within 10 days of issuance.
Between 30–60 days, many will request a verbal update from property management to confirm nothing has changed.
Past 60 days, some lawyers may advise ordering a new one if the deal is still pending.

Lenders

Most lenders require a status certificate that’s no more than 30 days old before approving mortgage funds.
Beyond 90 days, virtually every lender will require a fresh certificate, no matter what.

Why There’s No Universal Rule

The reason for this inconsistency is simple: condo finances can change fast. A new special assessment, a lawsuit, or unexpected repairs can throw a building’s financials off balance in a matter of weeks. Lawyers and lenders set their own risk tolerance, which is why two deals on identical units might have different requirements.

Real-World Example

Not long ago, we had a deal where the status certificate was just outside the 90-day window. The lender wouldn’t release funds until a new certificate was ordered—costing the seller time and the buyer an extra $100 in fees. Nothing had changed in the building’s finances, but the lender’s policy was firm: no exceptions beyond 90 days.

Best Practices for Buyers and Sellers

Track the date carefully. Treat the issue date as a countdown clock.
Expect lender caution. If financing is involved, budget for the possibility of ordering a second certificate.
Talk to your lawyer early. Ask how long they’re comfortable relying on an older certificate.
If you’re selling, be proactive. If your certificate is nearing 60 days old and the deal isn’t firm yet, consider ordering a new one before being asked.

Quick FAQ

Can you rely on an old status certificate if nothing has changed?
Sometimes, but only with confirmation. Lawyers may request verbal updates, and lenders often won’t accept verbal assurance beyond 30–60 days.

Who pays for a new status certificate if one is needed?
Typically, the seller provides the initial certificate. If a new one is required due to delays, it’s often negotiated, but sellers usually cover it to keep the deal moving.

What if something changes after the certificate is issued?
Buyers can request an updated certificate, and significant changes (like a new special assessment) could give them grounds to back out before firming the deal.

Thinking About Buying or Selling a Condo?

Understanding the fine print of a status certificate can make or break a deal—and that’s where we come in. Whether you’re reviewing one for a potential purchase or preparing your unit for sale, our team knows exactly what to look for (and how to keep deals moving, even when lenders get picky).

Reach out to us today to talk through your condo plans—let’s make sure your next move is a confident one.

Jul 15

Love0

Status Certificate Pricing in Ontario: Basic vs Rush Fees Explained

By Mark Savel Advice For Buyers, Advice For Sellers

What is a Status Certificate & Why It Matters

If you’re buying or selling a condo in Ontario, a status certificate is one document you can’t skip. Think of it as the condo’s financial report card. It tells you whether the corporation is in good financial health, if there are upcoming special assessments, and whether the current owner is up-to-date on payments. Lawyers, lenders, and savvy buyers all rely on it before finalizing a deal.

Standard Cost – What You’ll Typically Pay

Under the Ontario Condominium Act, condo corporations are required to provide a status certificate within 10 days of request. The standard fee is $100 (including taxes), but most property management companies now use online ordering systems that add a convenience fee—usually $30 to $50. So, realistically, expect to pay $130 to $150 for a standard 10-day turnaround.

Rush Fees – Paying for Speed

Need it faster? Many property management firms offer rush service, delivering within 3 to 5 business days. But speed comes at a price—rush fees typically range from $150 to $400 on top of the standard $100 and convenience fees.

For example: one major management company charges $100 + $46.50 convenience + $150 rush = $296.50 + HST. Prices vary, but planning ahead can save you hundreds.

Who Usually Pays for It?

In most condo resale transactions, the seller orders and pays for the status certificate as part of listing prep. However, in competitive or quick-close situations, the buyer may agree to cover it to speed up due diligence.

Tips to Save Money

Order early – Sellers should request the certificate when listing to avoid paying rush fees later.
Skip the convenience fee – Many management companies still accept in-person requests at no extra charge.

Quick Cost Comparison Table

Service Type	Base Fee	Convenience Fee	Rush Fee	Total Estimate
Normal (10 days)	$100	$0–$50	–	$100–$150 + HST
Rush (3–5 days)	$100	$0–$50	$150–$400	$250–$550+ HST

Ready to Buy or Sell a Condo?

A status certificate is just one piece of the puzzle. Whether you’re preparing to list or doing your due diligence as a buyer, our team can guide you through every step—and help you spot red flags before they become costly surprises. Get in touch with us today to talk condos.

Jul 14

Love0

Where to Order a Status Certificate for a Toronto Condo

By Mark Savel Advice For Buyers, Advice For Sellers

If you’ve ever made an offer on a Toronto condo—or are about to—you’ll quickly hear this term: status certificate. It might not sound exciting, but this document is a cornerstone of any smart condo purchase. It gives you (and your lawyer) a detailed snapshot of the condo corporation’s financial health, rules, and any red flags that could impact your investment.

Let’s break down what a status certificate is, what’s inside, where you can order one in Ontario, and why it matters more than most buyers realize.

What is a Status Certificate?

A status certificate is an official document issued by a condominium corporation that provides key financial and legal information about a specific condo unit and the condo corporation as a whole.

In Ontario, it’s a legal requirement under Section 76 of the Condominium Act, 1998. Condo corporations must issue one within 10 calendar days of receiving a written request and a $100 fee (HST included).

Whether you’re buying, selling, or refinancing a condo, this document is essential—it can affect offer conditions, financing approval, and even your long-term ownership experience.

What’s Inside a Status Certificate?

It’s more than just a single sheet. A typical status certificate includes:

Declaration, by-laws, and rules of the condo corporation
Monthly common expenses for the unit (and whether the current owner is up to date)
Audited financial statements from the previous year
Annual operating budget
Reserve fund balance and funding plan (important for future repairs)
Insurance certificate
Details of any legal proceedings, judgments, or outstanding claims
Whether the unit is subject to a lien
Names and contact information for directors and officers of the condo board

This bundle helps your real estate lawyer flag issues like underfunded reserves or pending lawsuits—things that aren’t obvious from a showing or MLS listing.

Check out the podcast episode we did on all things status certificates:

Cost, Timeline, and Ordering Channels

Ordering a status certificate in Ontario is relatively straightforward. Here’s what to expect:

Cost: $100 (HST included), set by provincial regulation
Delivery timeline: 10 calendar days from the date of request and payment
Format: Usually provided via secure PDF download, email, or printed hard copy

Some management firms also offer expedited service—usually within 2–3 business days—for an additional fee (often ranging from $50 to $135 extra).

Where to Order a Status Certificate in Ontario

Depending on how a building is managed, status certificates can be ordered through several platforms. Here are the most commonly used options:

StatusCertificate.com
The most widely used service in Ontario. Many property management firms rely on this platform. Simply search by condo address and unit number, and you can order directly online.
Condo Control
Used by many Toronto buildings. If your condo is registered, you can order certificates through your resident portal.
CondoBI
Provides centralized access for condo documents. Works with affiliated management companies and allows digital payment and delivery.
Percel Property Management
Offers both standard and expedited status certificate orders. Ideal for time-sensitive transactions.
Crossbridge Condominium Services
Ontario’s largest condo manager. Ordering forms are available on individual property pages.
Wilson Blanchard
Allows status certificate requests online for buildings they manage.
CondoCafe
Used by large firms like FirstService Residential. You’ll need login credentials linked to your building.
Direct from Property Manager or Condo Board
In smaller or self-managed buildings, requests are handled manually. Contact the property manager or board directly and be prepared to send payment via cheque or e-transfer.

Why Status Certificates Matter in the Buying Process

For buyers, the status certificate is typically reviewed as part of a conditional offer—meaning your deal only proceeds if the certificate comes back clean. That review is done by your real estate lawyer, and they’re looking for:

Evidence of a healthy reserve fund
Any upcoming special assessments (one-time repair costs to be paid by owners)
Legal issues involving the condo corporation
Liens or unpaid maintenance fees on the unit
Rules or restrictions that may affect how you use the property (e.g., pets, short-term rentals)

Sellers may also choose to proactively order one in advance to speed up the process—especially in competitive markets.

Common Questions About Status Certificates

Who pays for it?
Traditionally, the buyer covers the cost (as part of their due diligence), but some sellers may offer it upfront.

Can anyone request one?
Yes—anyone can request a status certificate as long as they provide the written request and $100 fee.

How long is it valid?
There’s no official expiry, but certificates older than 30 days are often considered outdated for legal review.

What if it’s not delivered within 10 days?
That’s a breach of the Condominium Act. While rare, your lawyer can escalate if delays occur.

Is the content negotiable?
No—the condo corporation must disclose certain information in a fixed format. It’s not something you can “amend.”

Final Thoughts

Ordering a status certificate might seem like a formality, but it can reveal a lot about the property you’re buying—or selling. In a city like Toronto where condo purchases move fast, understanding where to order one and what to look for can give you a real edge.

Think of it as your condo’s report card—and every good deal starts with doing your homework.

For more tips on buying a condo in Toronto, send us a message below!

Sources & Further Reading:

Jul 11

Love0

The Toronto Real Estate Blogs I Trust Most—Here’s Why

By Mark Savel Advice For Buyers, Advice for Landlords, Advice For Sellers

Let’s be honest: there are a lot of voices in the Toronto real estate space. Some are helpful. Some… not so much. In a market where insight matters as much as square footage, I’ve learned to stick with sources that actually inform, educate, and sometimes challenge my thinking. Below is a shortlist of the blogs I genuinely read—the ones I turn to between showings, during market shifts, or when I just want a sharper perspective.

Whether you’re a buyer, seller, investor, or fellow agent, these blogs offer more than just listing fluff. They bring data, design, and dialogue to the table—and that’s what makes them worth your time.

Toronto Realty Blog – David Fleming

torontorealtyblog.com

David Fleming is a fixture in the Toronto market. His blog blends sharp commentary with market education, pulling no punches when it comes to bidding wars, blind offers, or municipal policy missteps. It’s part data, part drama—but always thoughtful.

Why I read it: It’s raw, honest, and never sugarcoated. I often share his posts with clients who want the unfiltered version of what’s happening behind the MLS curtain.

Move Smartly – Realosophy / John Pasalis

movesmartly.com

If you’re looking for a deeper, data-centric look at Toronto housing, John Pasalis’ reports are must-reads. The blog blends hard stats with housing policy insights and regularly features macroeconomic commentary.

Why I read it: It helps me stay grounded in actual numbers—especially during volatile months. When interest rates shift or headlines get noisy, this is one of the first places I check.

BREL Team Blog – getwhatyouwant.ca

getwhatyouwant.ca/blog

This blog stands out for its transparency. The Brel Team writes with heart, humour, and honesty—offering real-world examples of staging, pricing strategy, and even the emotional rollercoaster of buying or selling.

Why I read it: It’s one of the most client-focused blogs around. I admire how clearly they explain complex steps without dumbing things down. I also personally know Mel and Brendan, and I’m a big fan of their work and the thoughtfulness they bring to everything they publish.

Related post: What a Discovery Call Looks Like

David Coffey Blog

davidcoffey.ca/blog

David’s posts feel like curated thought pieces. Whether it’s an in-depth look at market dynamics or a personal take on neighbourhood evolution, there’s always something fresh here.

Why I read it: His appreciation for design and layout mirrors my own—especially when it comes to unique homes and lofts.

Urbaneer Blog – Steve Fudge

urbaneer.com/blog

Urbaneer is more than a market blog—it’s a cultural deep dive into Toronto real estate. Steve Fudge writes with empathy, historical insight, and a passion for the city’s housing diversity.

Why I read it: It connects the dots between architecture, neighbourhood character, and human emotion. It’s a reminder that buying a home isn’t just a transaction.

Pair it with: Neighbourhood Matching in Toronto

Fox Marin Blog

foxmarin.ca/blog

Minimalist design, clean visuals, and editorial polish make this one a treat to scroll. But it’s not just pretty—the insights into downtown condo life, new builds, and market mood are consistently thoughtful.

Why I read it: It reflects a modern buyer’s mindset. I often recommend it to clients who value design-forward spaces or want to understand the lifestyle side of the city. I’ve also had the pleasure of working with Ralph and Kori, and have always admired their commitment to the craft and the calibre of work they consistently deliver.

7. Toronto Livings Blog (Yes, This One)

torontolivings.com/blog

Shameless plug? Maybe. But our blog exists to fill the gaps we kept seeing in Toronto real estate coverage. We dig into purpose-built rentals, unique condo buildings, and share behind-the-scenes stories that shape smarter decisions.

Why we write it: To demystify the process, spotlight special properties (especially lofts!), and offer our clients a resource that goes beyond the basics… we also have a podcast too!

The MASH – Modern Architecture + Smart Homes

themash.ca

Sleek and seriously niche, The MASH is a feast for design lovers (and as far as I know, not written by a realtor). From sharp geometric builds to mid-century gems, it’s a showcase of Toronto architecture at its finest.

Why I read it: It’s where I go when I need a break from spreadsheets and want to appreciate the artistry in real estate. The listings they highlight? Chef’s kiss.

Final Thoughts

In a city this competitive and nuanced, where you get your real estate info matters. These blogs offer more than content—they offer context. Whether it’s the data nerds, the design dreamers, or the straight-shooters, I’m grateful for every post that helps keep the Toronto real estate conversation sharp.

Have a favourite I missed? Shoot me a message. I’m always reading.

Jul 10

Love0

Floorplans for Sloane by Fitzrovia | Studios to 3-Bedroom Rentals

By Mark Savel Purpose Built Rentals

Located just steps from Yorkdale Mall, Sloane by Fitzrovia is a purpose-built rental community where modern living meets elevated convenience. Spread across three high-rise towers (ranging 24 to 30 storeys) and low-rise townhome buildings, Sloane brings over 750 new rental units to Midtown Toronto’s Yorkdale-Glen Park neighbourhood.

Designed with renters in mind, the development includes a lush central park, curated amenities, and pet-friendly policies—all managed by a dedicated onsite team. With TTC access just minutes away, this community is ideal for those seeking a vibrant, connected lifestyle with the polish of condo-quality finishes.

Floorplans at a Glance

Suite Type	Size Range (sq. ft.)
Studio	357
1 Bedroom	493 – 537
2 Bedroom	721 – 777
3 Bedroom	851 – 994
2-Storey Townhome	1,100 – 1,469

Studio Floorplans

One Bedroom Floorplans

One bedroom - Polka Dot III — One bedroom – Polka Dot III

One bedroom - Floral II — One bedroom – Floral II

One bedroom - Argyle — One bedroom – Argyle

One bedroom - Argyle IV — One bedroom – Argyle IV

One bedroom - Argyle III — One bedroom – Argyle III

One bedroom - Argyle II — One bedroom – Argyle II

Two Bedroom Floorplans

Two bedroom - Plaid — Two bedroom – Plaid

Two bedroom - Tartan II — Two bedroom – Tartan II

Two bedroom - Tartan — Two bedroom – Tartan

Two bedroom - Toile — Two bedroom – Toile

Two bedroom - Toile II — Two bedroom – Toile II

Three Bedroom Floorplans

Three bedroom - Paisley II — Three bedroom – Paisley II

Three bedroom - Paisley — Three bedroom – Paisley

Three bedroom - Paisley IV — Three bedroom – Paisley IV

Three bedroom - Paisley III — Three bedroom – Paisley III

Three bedroom - Rococo — Three bedroom – Rococo

Suite Features & Finishes

Full-size washer and dryer in every unit
9’ smooth-finish ceilings
Keyless smart lock entry
Wi-Fi-enabled Ecobee thermostats for climate control
Free Rogers Ignite™ Gigabit internet
Solid core doors with brushed nickel hardware
Contemporary LED lighting and recessed pot lights
Furnished options available for select layouts

Kitchen Details That Matter

Stainless-steel KitchenAid® appliance package
Quartz countertops and matching backsplash
Panelled dishwasher for a seamless finish
LED undercabinet lighting to enhance visibility and style

Spa-Inspired Bathrooms

Frameless glass shower enclosures and designer plumbing fixtures
Deep soaker tubs in select layouts
Shower niches for convenient storage
Porcelain floor tiles and wall-mounted medicine cabinets

Next-Level Amenities

Infinity-edge pool with sun deck
Fitness centre, yoga & meditation rooms
Bowling lanes and games room
Coworking spaces with high-speed Wi-Fi
24/7 concierge service
Onsite pet spa and grooming station
EV charging stations and secure bike storage

Select suites (in the East and West towers) also include walk-in closets, custom mudroom benches, two-tone cabinetry, and even wine fridges—offering a level of personalization rarely seen in rental communities.

Lifestyle & Location Perks

Steps from the front door, you’ll find Yorkdale Mall’s premium retailers, restaurants, and TTC connections. Families benefit from Bloomsbury Academy, a daycare located right on-site. Plus, Fitzrovia has introduced barrier-free suites and Shabbat elevator access, making Sloane inclusive by design.

Why Choose a Townhome?

For those looking for more space, privacy, or a dedicated street-level entrance, Sloane’s townhomes offer a unique opportunity in a rental market dominated by vertical living. With two levels, up to 1,469 square feet, and private outdoor space, these suites are perfect for growing households, work-from-home setups, or anyone craving the feel of a standalone home.

Pricing, Incentives & Availability

As of this writing, suite pricing starts around $2,100 for a studio and ranges up to $5,000+ for a premium townhome. Fitzrovia frequently offers incentives like 2 months free rent, free Rogers internet, and furnishing packages for move-in-ready convenience.

For current availability and promotions, contact us below!

Book a Tour or Learn More

Curious to see these finishes in person? We’d be happy to walk you through the model suites and amenities. Whether you’re downsizing, upgrading, or just curious—book a private viewing and discover what life at Sloane is all about.

Jul 09

Love0

Joyous Family and Dog Posing for a Portrait at Home

Pet-Friendly Living: Accommodations for You and Your Furry Friends at Sloane

By Mark Savel Purpose Built Rentals

Moving into a new rental can be stressful for humans—never mind the four‑legged family members who have zero say in the matter. Sloane, a purpose‑built rental community steps from Yorkdale Mall, has been designed from lobby to rooftop with pets (and their people) in mind. Below is a quick tour of the on‑site perks, nearby green spaces, and trusted groomers, that make Sloane a stand‑out option for anyone hunting a truly pet‑friendly lease in Toronto.

Why Sloane Is a Tail‑Wagging Home Base

“Beauty for the Beast” In‑House Pet Spa

The Beauty for the Beast Pet Spa features elevated wash stations (goodbye, sore back), professional‑grade dryers, and a complimentary treat bar to keep anxious pups calm. Residents can reserve a time slot through the building app—no more wrestling with a muddy dog in a condo bathtub.

Dogs just need you and love, thats all. Shot of a young woman relaxing with her dog at home.

Green Time, Not Screen Time — Off‑Leash Parks Within a 5‑Minute Drive

Earl Bales Dog Park (4169 Bathurst St.)

A fully fenced hillside run with shady gazebos, fresh‑water taps, and plenty of parking. Winter bonus: the adjacent ski hill turns into an off‑leash toboggan run for snow‑loving pups.

Cedarvale Park Off‑Leash Area (443 Arlington Ave.)

Mulched footing keeps paws mud‑free, while surrounding woodland trails offer a scenic cooldown loop after fetch. An adjacent splash pad keeps the rest of the family cool in July.

Check out our other favourite dog parks in the city!

Pro Tip: Sloane’s underground garage entrance sits right by the Allen Road on‑ramp—weekend park‑hopping is a breeze.

Life Admin for Pet Parents — Groomers, Daycare & Supplies Near Yorkdale

PetSmart – Lawrence Square (700 Lawrence Ave W, ~900 m) – Full‑service grooming, puppy training, and same‑day curbside pickup.
DogSense Daycare & Boarding (535 Wilson Heights Blvd) – Cage‑free daycare with live‑stream cameras plus overnight boarding that includes a bedtime belly‑rub report.
Le Chien Élégant Grooming (134 Felbrigg Ave, 2.5 km) – Boutique groomers specialising in breed‑specific cuts and blueberry facials (yes, that’s a thing).

Ready to Sniff Out a Suite at Sloane?

If a pet‑positive community sounds like the right fit for your pack, send us a note below!

Jul 07

Love0

June 2025 Toronto Real Estate Market Update

By Mark Savel Monthly Market Updates

Real estate in Toronto took another small step toward affordability in June. With borrowing costs and average selling prices still trailing last year’s levels, more buyers are beginning to test the waters—even if many are still playing the waiting game.

The housing market showed further signs of recovery in June, as buyers benefited from a growing number of listings. With more inventory to choose from, many were able to negotiate below asking prices—an early sign that market leverage is beginning to tip back toward buyers.

Sales and Listings: Market Gains Traction (Sort Of)

Realtors reported 6,243 sales through the MLS System in June—a modest 2.4% dip compared to June 2024. However, new listings jumped 7.7% year-over-year, reaching 19,839 properties.

On a seasonally adjusted basis, sales were up compared to May 2025, while new listings were down. That combination—more buying activity and slightly less inventory—continues the tightening trend we saw take shape this spring.

Inventory vs. Demand: Are We Headed for Balance?

Month-over-month momentum looks promising, but economic jitters still weigh on decision-making. Many households are hesitant to dive in until they feel more secure about their jobs, rates, and the overall direction of the economy. Still, as inventory tapers and options dwindle, that hesitation could turn into competition sooner than later.

What’s Happening with Prices?

Condos Reach New High for 2025

While overall prices in the GTA trended downward, the condo segment quietly notched a win in June. The average condo price rose to $731,232—the highest it’s been all year. That’s up from $709,905 in May and significantly higher than where the year started at $691,039.

This steady upward trend—especially with June breaking the ceiling—could be an early signal of shifting demand. With lower entry points than detached homes and improved affordability, condos might be the segment to watch as momentum builds through summer.

Detached Prices Cool Off After Strong Start

Detached homes, meanwhile, saw a different trajectory in the first half of 2025. After peaking in February at $1,782,262, average prices for detached properties have gradually softened, settling at $1,641,868 in June. While still higher than January’s average of $1,579,386, the trend suggests a gradual cooldown from earlier highs.

Buyers in the detached segment may find more room to negotiate as prices ease off their earlier highs, especially with higher-carrying costs still weighing on the top end of the market.

Semi-Detached Homes Show Seasonal Resilience

Semi-detached properties had a relatively stable run through the first half of 2025. While they haven’t reached a new peak since March’s high of $1,337,498, June’s average price of $1,278,434 still sits comfortably above where the year began.

The numbers suggest a segment that’s holding firm despite broader market softening—offering a middle ground between affordability and space that continues to resonate with move-up buyers.

Townhomes Ride the Seasonal Wave

Townhomes had a mixed performance in the first half of 2025, with prices fluctuating month to month. After peaking in February at $1,028,339, the average townhome price slid back to $957,605 in June. While that’s still above January’s average of $941,893, the segment appears more sensitive to broader affordability pressures.

For buyers, this could present a timely opportunity—especially for those seeking more space than a condo offers but without stretching to a detached price point.

Overall Price Summary

June’s average selling price landed at $1,101,691, representing a 5.4% drop year-over-year. The MLS Home Price Index Composite Benchmark also dipped 5.5% compared to June 2024. Month-over-month? Both the average price and HPI edged slightly lower from May.

This downward pressure on pricing isn’t new—it’s been with us for several months—but it continues to create an entry point for buyers who were previously priced out.

Price Chart – YoY and MoM Breakdown

Metric	June 2024	May 2025	June 2025	% Change YoY	% Change MoM
Average Price	$1,164,714	$1,110,905	$1,101,691	-5.4%	-0.8%

What’s Fueling (or Delaying) the Recovery?

The market isn’t just reacting to supply and demand—it’s heavily influenced by macroeconomic factors. According to TRREB CIO Jason Mercer, a firm U.S. trade deal and two more expected rate cuts could help “make monthly mortgage payments more comfortable for average GTA households.” That added affordability, paired with improved consumer confidence, could push the recovery into higher gear.

But as of now, buyers are taking their time. Inflation progress has been choppy, and many are still skeptical that rates will come down fast enough to offset homeownership risks.

What Buyers and Sellers Should Know Right Now

For Buyers:

More listings mean more choice—and leverage.
Sellers are increasingly open to negotiation.
Lower borrowing costs = better affordability, even if only modestly improved.

For Sellers:

Price competitively to attract attention.
The tightening trend could benefit well-prepared listings.
With some buyers still on the sidelines, it’s not a frenzy—but serious shoppers are out there.

Final Thoughts: Recovery in Progress, but Far from Over

June continued the pattern we’ve seen throughout spring—a cautious, buyer-empowered market where affordability is slowly improving, but uncertainty still clouds the outlook. The next few months will be crucial. If confidence improves and rates continue to ease, Toronto’s real estate market could be poised for a steadier rebound – but who knows!

Curious what this means for your next move? Reach out by dropping us a message below—we’ll help you navigate the numbers and the nuance.

Jul 07

Love0

Moving to Toronto? Here’s Why Renting a Purpose-Built Apartment Makes Sense

By Mark Savel Purpose Built Rentals

You’ve just landed in Toronto—now what? If you’re hunting for a place to call home, you’ve probably scrolled past hundreds of condo listings and a handful of basement apartments. But there’s a third option that often flies under the radar: purpose-built rental (PBR) communities. Think of them as apartments designed from the ground up for renters—no surprise owner move‑ins, no condo board drama, and a lot more flexibility when your credit history is still finding its Canadian footing.

What’s a Purpose-Built Rental, Anyway?

A purpose‑built rental is an entire building—or sometimes a master‑planned campus—owned and managed by a single professional landlord. Unlike condo leases where every unit has a different owner, PBRs operate like one big, renter‑first ecosystem. That unified ownership means consistent rules, faster maintenance, and amenities that stay open because the landlord’s business model depends on happy tenants, not resale value.

Purpose-Built vs. Condos & Private Rentals – The Four Stand-Out Benefits

1. Application Flexibility for Thin Credit Files

New to Canada? Still waiting on that first credit card? Corporate landlords can look beyond a traditional credit score. Many accept international banking letters, proof of employment, or a larger last‑month rent deposit instead of the usual Canadian credit check. The goal: fill suites with responsible tenants, not perfection on paper.

2. Promotions That Stretch Your Budget

Look out for move‑in incentives like “first month free” or a couple of months at a reduced rate. These deals pop up when new towers launch or when management wants to fill specific floorplans. Condo landlords rarely advertise perks this openly.

3. On-Site Pro Management & Amenities

Sloane West and East Tower Basketball Court

Need a faucet fixed at 2 a.m.? There’s usually a 24/7 service line. Parcel lockers, bike rooms, pet‑wash stations and—at head‑turners like Sloane by Fitzrovia — a full-sized Toronto Raptors basketball court, resort-style pool, hot and cold plunge, and even an on‑site kid‑care space make daily life smoother. Check out Sloane’s amenity list here.

4. Long-Term Stability & Predictable Increases

Many PBRs built before November 15, 2018 are rent‑controlled, capping your annual increase. Even in newer communities, multi‑year lease offers with locked‑in bumps are common. In a condo, an owner can sell (or decide to move back) with 60 days’ notice—never fun when you’ve just found your favourite local coffee shop.

Common Myths – Busted

“Purpose‑built buildings are old and tired.” Not anymore. Toronto’s pipeline is packed with glassy high‑rises that rival downtown condos for finishes.
“Condo amenities are always better.” See: rooftop dog runs, coworking hubs, and bowling alleys mentioned above.

Pro Tips for a Smooth Approval

Build a newcomer rental package. Include an employment letter, recent pay stubs, and a reference from a past landlord or property manager.
Add a personal letter. A short note about why you’re moving and how you care for a home goes a long way.
Ask about current incentives and lease terms upfront. Purpose‑built landlords often run promotions—think first‑month‑free or discounted rent on longer leases. Confirm any rent‑increase caps for multi‑year agreements so there are no surprises later.

Ready to Make Your Move?

Whether you’re fresh off the plane or simply relocating across town, purpose‑built rentals can remove a lot of the stress from your first Toronto lease. Connect with the Toronto Livings team to see what’s available and snag your perfect suite before it’s gone.