For Ontario renters, the decision to live in a rent controlled building or not can have major financial implications. Tenants in buildings built before 2018 enjoy stable rents with annual increases capped at 2.5 percent, while those in newer buildings can face unpredictable hikes. 

Some renters have seen their landlords double their rent overnight, while others in brand new units enjoy competitive pricing that hasn’t surged as expected. Rent control was initially implemented to protect tenants, but Doug Ford’s changes in 2018 aimed to encourage developers to build more rental housing by exempting new properties from these restrictions.

So, is rent control truly helping renters, or is it making the market even tougher? Today, we break down the realities, misconceptions, and financial strategies every renter and investor should know.

• The pros and cons of renting in a controlled vs. non-controlled building
  

• How rent control affects landlords and tenants differently
  

• Understanding your numbers when buying an investment property
  

• When it makes sense to stop renting and buy a home
  

• The impact of taxes and capital gains when selling an investment property
  

• Why selling within the first year can be a costly mistake
  

• Hidden costs that landlords face that tenants often overlook
  

If you're currently renting and thinking about buying, this episode is packed with valuable insights to help you make the right move.

If you're in the Greater Toronto Area and looking to rent, buy, or sell, send me a message. Don't forget to like, comment, and subscribe to the channel! Connect with me on Instagram @davidvicinelli_realtor or email me at [email protected].