If they make false call report that is no bueno and they will be shut down

The arbitrary ways of describing a neighborhood create false senses of security for out-of-state investors and make it much easier for sellers to over come buyers obstacles.  

A 15% nominal correction is certainly plausible, but making that the conservative case in an 8% inflation environment is absurd.

That is absolutely absurd, but welcome to Ontario, where we wear pants on our heads and give tenants money when they trash our houses.Can I apply to the board for higher rent?

Also, housing counselors who are overworked and underpaid (and almost absurdly hard to get ahold of) must be constantly nudged to move their process forward.

This included stating house purchases were primary residences, when they were not; lying about sources of down payments; falsely showing higher sale prices on purchase contracts and having the seller “refund” the difference outside of closing; having “straw buyer” utilize VA or FHA eligibility and then filing a warranty deed change; “trading” near worthless recreational land at ridiculously high valuations; “silent” seller carryback seconds; and slipping in subordination and substitution of collateral clauses into trust deed documents (when seller financing) without those being part of the purchase contract.Most of this ended when the Federal Gov started indicting people for mortgage fraud.More restrictive financing terms, consumer protection laws, due on sale mortgage clauses, proof of funds and mortgage pre approvals have made a true ”no cash” purchase much more difficult to achieve and much more uncommon today, nearly half a century later.Yet, it’s still possible.  

Tenant's annual income must be below 80% AMINow number 2 is utterly absurd. 

As for GTA vs non GTA, that's also a pretty absurd abstraction.

It's my opinion that property managers are "false economy" In most cases.

call me crazy but I require last paystub, last year's W2, last 6 months proof of rent paid (tenants can give a false # for a landlord & have their buddy verify), & last month's paid utility bills.I am also going to start requiring visiting their current place of residence.As we all know, if/when they get a mortgage, they will be providing much much more documentaion.