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Barrie Landlords Are You Going To Raise The Rent in 2017?

April 9th, 2017 · No Comments · Barrie landlords, Grey County landlord, Latest News, rent increase 2017

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Veteran Barrie Landlords Recommend Raising The Rent Each Year (In 2017 it’s only 1.5%)

There is a lot of good news for Barrie landlords and residential property investors. A recent report by CTV news says Barrie, Ontario could be one of the hottest property markets in Canada 2017.

The study by the internationally famous Moodys states that housing prices are likely to rise by at least 8% every year over the next 5 years.

Prices Are Rising By 8% Every Year?

Yes, the Barrie market is (finally taking off). As we have seen last year Newmarket landlords experienced huge price increases.  And investors in Aurora, Sharon and Bradford also saw terrific gains last year and expect even more in 2017.

This is one of the reason more and more people are investing in Newmarket and becoming Newmarket landlords, as not only are rental prices high, there are lots of good tenants looking for good housing and properties are appreciating at a huge rate.

According to the president of the Barrie & District Association of Realtors local home-owners and invests “have never seen this type of increase”.  And with new mortgage rules that are prohibitive many potential buyers are looking at Barrie as a better, cheaper option in 2017.

Barrie Mayor Wants More Rentals

The current Barrie mayor says as Barrie grows they want more rentals.  And they are creating ways to create more legal rentals. Newmarket Renters Demand Safe, Legal Rental Units

The Mayor is right, as hard-working tenants demand safe and legal rentals. The days when anyone could buy a house and try to rent it out to many different tenants are over.

Let’s make sure our city creates a system that will allow all the good landlords to create wonderful, legal and safe rentals!

Barrie Landlord Rent Increase 2017

With all the excitement over what is happening in Barrie, landlords need to make sure you maintain your properties and keep them safe and attractive.

If you have current tenants Barrie landlords can legally raise the rent by 1.5% in 2017. Yes, many landlords think that is too low.  Does it cover your costs for 2017?

Barrie Landlords Success

The whole market is changing fast and Barrie rental properties are taking off. Many new investors are looking at Barrie as a great place to become landlords.

Make sure you create safe and legal properties for rent and make sure you always run an Ontario landlord credit check to find all the great tenants out there, and avoid the pros.

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