Joey’s Note: Six-Unit Financing and CMHC

For years, I have not questioned why so many developments have come in at six units. I kinda accepted that three-storey zoning results in six-unit walk-up apartments  – two units each floor with amenities and storage in the basement.

BLOG: A brief note on the LTB and Hamilton rents

Reading the Landlord and Tenant Board rulings for Hamilton released this week, I find myself struck by the cases involving long-term rental tenants. A few examples:

The monthly rent is $949, with a rental deposit of around $800. The “below market” rate and the differential between the present and deposit indicate a long-term tenancy. A downtown apartment at $1050 per month, a deposit of $1000. East Hamilton apartment at $782 per month, a deposit of $725.