When applying for a rental you must have an Employment Letter/Proof of Employment, Proof of income (paystubs, notice of assessment if self employed), a Credit Score of 680 or more, and two references. There is also a 3x income rule; ex. if you are applying for a $2000/month rental, you must have a personal or combined household income of $6000/month (gross not net) or more.
Very helpful blog post for rentals.. Thank you for the info.
Hi Samantha,
We’re glad you enjoyed the Blog post. You might find our other Blog posts interesting as well. Requirements for Buyers, and Navigating the Ontario Real Estate Market.
Please feel free to reach out to us if you need anything.
Regards,
Toronto Condos and Homes Online Team