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    • home
    • finance
    • research
      • market data
      • property search
      • home evaluation
      • renting
    • connect
  • home
  • finance
  • research
    • market data
    • property search
    • home evaluation
    • renting
  • connect

you heard it here first

tips and tricks to bring your best foot forward 

toronto has always been a competitive market in finding a place for rent due to its low vacancy rate (supply and demand!) choosing me to work alongside you will help you navigate the search faster and more efficiently 

how to best read the mls listings

possession date

dom (days on market)

dom (days on market)

paying attention to this date will help determine if your move-in date is a match for the landlord as some homes are leased before they are vacant in the case they are already tenanted

dom (days on market)

dom (days on market)

dom (days on market)

you stand a better chance in a competitive market when the number is low, as it means fewer people have possibly seen the home and you are in less of a competition. a long DOM? perhaps there is something the photos aren't showing us and could raise red flags about the property

utilities

dom (days on market)

utilities

majority of toronto condos/homes do not include utilities. some that do may have partial utilities covered and even rarer are the ones where they are fully covered. pay attention to the Y and N to factor within your budget

parking

parking

utilities

0 means there are none and 1 means there is usually 1 included. however! within the box there may be a price listed which indicates that if you so wish to have the parking spot with your rent, this would be the price on top of the asking price

photos?

parking

photos?

many people ask me if there are photos hidden beyond what agents post in the listing that i have access to. unfortunately not! we have what we work with and if you want to see more then let's book a visit!

rental application

OREA Form 410 - Rental Application (pdf)Download

documents required (1 from each section)

income

- employment letter / offer letter + most recent paystubs (2)

- 2 years t1 general and NOA (notice of assessment) (if self employed) 

- student tuition receipt

repayment history

full credit report from one of the free credit reporting sites

- equifax 

- mogo

- credit karma 

- transunion 

identification

- driver's license

- passport 

- status in canada (if asked) work permit / permanent resident / study permit 

how do i make my application stronger?

matching the possession date

matching the possession date

matching the possession date

this is key! a landlord does not want to keep a home vacant longer than it needs to be; in rare circumstances they will wait for a AAA tenant but otherwise, the sooner the better if the home is vacant

price

matching the possession date

matching the possession date

in a competitive market, if all things are equal and your profile is just as great as the next, the next differentiating factor is the price

past references

matching the possession date

past references

make sure you complete your references section and that you have built good rapport with your existing landlord - often times their responses during a reference check will make or break your offer

income

providing a complete application

past references

most landlords do not want rent to surpass 40% of your gross monthly income. if you think your income is coming in short but you believe you have the ability to pay, perhaps it's time to find a guarantor to give the landlord security

credit

providing a complete application

providing a complete application

we all make mistakes in life and that one line item that messed up your credit report is now haunting you. now would be a good time to ask for a guarantor you trust so help you strengthen your application with their own strong credit history

providing a complete application

providing a complete application

providing a complete application

this may sound simple, but oftentimes you may miss documents and i'll be here to help guide you on what is missing. a full application with as much info as possible helps build a clear picture for the landlord and provide them with comfort and certainty that you will be able to make rent