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TR Talks Toronto Real Estate
Real Insights From Pickering's Top Real Estate Team
Are you a resident of Pickering or the Greater Toronto Area or planning on moving here? Whether you’re a homeowner, tenant, investor, or first time buyer - TR talks will give you weekly updates on their insight and honest opinions on the ever changing real estate industry.
Consistently in the Top 0.5%-1% of Realtors across the GTA , out of approximately 75,000, your hosts, Team Rajpal bring you 50 years of collective experience to discuss market stats, tips and tricks for navigating the market, laws impacting housing, investment opportunities, and interviews with industry professionals from home inspectors to real estate lawyers and more! It's like an everything bagel except it’s real estate!
To Personally Connect with the Team please contact us at:
Remax KEY 2 Real Estate, Brokerage
Office:(647) 875-8000
Email: info@teamrajpal.com
Instagram: @teamrajpal
TR Talks Toronto Real Estate
82. Navigating the Landlord Tenant Board Backlog
In this episode of TR Talks Real Estate, Rajiv Rajpal and Liam Wickett dive deep into the pressing issues surrounding the Landlord Tenant Board (LTB) in Ontario, including its massive backlog of 53,000 cases. Our discussion covers the COVID-19 pandemic disrupted eviction processes, the challenges faced by landlords and tenants, and the critical importance of proper tenant screening to protect landlords' investments.
We explore the LTB's strategies to resolve the backlog, including hiring a dedicated team and aiming for resolution by 2025. With insights into the heavy caseloads faced by adjudicators and the strained state of the rental market, this episode offers practical advice and expert perspectives on navigating these challenges effectively.
Key Takeaways:
- Ontario’s Landlord Tenant Board is grappling with a backlog of 53,000 cases.
- COVID-19 eviction pauses led to significant delays in case processing.
- Around 84% of cases filed at the LTB are initiated by landlords, reflecting their critical role in the rental market.
- Tenant screening is vital for landlords to minimize risks and protect their properties.
- LTB adjudicators manage around 7,700 cases monthly, emphasizing the urgent need for reform.
- The LTB is implementing new measures, including hiring a specialized team, to address the backlog by 2025.
- Educating adjudicators is a key focus to ensure fair and efficient case handling.
- The rental market faces growing strain, highlighting the need for innovative solutions.
Whether you’re a landlord, tenant, or real estate professional, this episode provides actionable tips and insights to navigate Ontario’s rental market and prepare for upcoming changes.
Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*