Home » Featured » The 8 Best Property Management Companies in Toronto
As a property owner, you cannot afford to neglect your investment. It is therefore important that you hire the best property management in Toronto for help in managing various activities in your home or office so as to ensure that everything works perfectly.
We have researched and compiled a list of the best property management companies in Toronto that will help you effectively manage your property. Additionally, we have also included information about how much you should be expected to pay when working with a property management company, as well as answers to frequently asked questions about property management companies in Toronto.
- What’s the Average Cost of Property Management in Toronto?
- The 8 Best Property Management Companies in Toronto
- 1) Royal York Property Management
- 2) ICC Property Management Toronto
- 3) Zahra Properties
- 4) Goldview Property Management
- 5) Property Management Toronto
- 7) Real Property Management Service
- 8) Del Condominium Rentals
- What to Look for When Choosing a Property Management Company?
- FAQs about Property Management in Toronto
What's the Average Cost of Property Management in Toronto?
According to RentSeeker, the average rent for a one-bedroom apartment in Toronto is $1,815, while a two-bedroom apartment will cost you around $2,340. When it comes to paying your property management company in Toronto, you should expect to pay them between 7% and 14.9% of the total rental payment. For example, if your monthly rent is $1,000, you should expect to pay between $70 and $149.90 for property management in Toronto.
However, the cost of property management varies depending on the size and location of your rental unit. In some cases, you may be required to pay as much as 20% or more for a property management company in Toronto to lease out your home.
The 8 Best Property Management Companies in Toronto
Now that you already know the average cost of property management in Toronto, we want to help you find the perfect property management company for your needs. Below, we have listed the 8 best property management companies in Toronto based on factors such as customer reviews, customer retention rate, and years in business.
1. Royal York Property Management
Royal York Property Management is a property rental and leasing firm with a portfolio of over 10,000 properties, that offers guaranteed rental income. Valued at $5.6B+ in real estate assets under management, the company is advancing technology in their processes, systems, and expanding globally.
With 28 office locations across Ontario and 6 office locations in Europe, the company is leading the potential in property management, and surpassing the client experience by operating 24 hours a day, 7 days a week.
"Had a problem with my current tenant. Hired Royal York to help me out through thelegal process and I could not be happier with their service. David Olevson, one of theirlawyers, was very understanding and cleared a lot of things out, even before the hearingdate. I successfully evicted my old tenant and chose Royal York Property Managementfor tenant placement, to manage my property and now my rent is guaranteed and Inever have to worry about going through the same thing again. My case was verysensitive, and the owner of the company, Nathan Levinson, attended the video hearinghimself. Can not recommend them enough. I have never seen the owner of the companyget involved without the client having to beg and call multiple people to get theircontact. Great job guys!"
- Pierre Graham
2. ICC Property Management Toronto
ICC Property Management Toronto offers an all-inclusive property management service to their clients. They have been in business for almost 30 years and are known for its personalized services, prompt communication, and transparent dealings with clients. Their portfolio comprises more than 32,000 units across the GTA.
At ICC Property Management, they offer a number of services including administrative services, community services, condominium services, financial services, and maintenance management.
"ICC provided a very reliable and professional service in managing our rental property in Toronto. Rental payments are on time with detailed financial statements. I recommend ICC Property Management to my friends as the best Toronto Property Management company to use and to all other prospective real estate owners."
- Neal Ronin
3. Zahra Properties
Zahra Properties is a real estate investment and management business based in the GTA. They have established themselves as a trustworthy partner for reputable investors, bankers, builders, and most important tenants by having a portfolio of over 400 properties under management. Zahra Properties offers personalized services to all its clients.
From finding you your ideal home to managing your payments and any maintenance issues that come up, this company is always at your service when you need them most.
They offer both furnished and unfurnished suites across the Toronto neighbourhoods, as well as investment opportunities for residential spaces.
"We've had a great experience with Zahra Properties. They're easy to communicate with and were very "hands-off" during our stay, which we appreciate. However, when you need help with an issue, they are quick to resolve it! For example, we needed help with our toilet and they sent someone over the next day. Altogether, we recommend Zahra Properties and would sign a lease with them again in the future! Thanks!"
- Jasmine Johal
4. Goldview Property Management
Goldview Property Management is one of the best property management companies in Toronto with an extensive portfolio of more than 130 properties in Toronto. They have been in business for over 30 years and their team of experts comprises young and passionate individuals who are well-versed in the industry.
Goldview Property Management aims to provide superior yet affordable services to its landlords while maintaining a great relationship with each client. They offer maintenance and upkeep services along with regular communication between tenant and landlord.
The company manages both condominium and residential properties, as well as having a gold standard in Green Management.
"Truly friendly staff that really go the extra mile. It's so refreshing to engage a property management company that really cares about people. They are incredibly prompt and professional. I highly recommend them"
- Jim McNeil
5. Property Management Toronto
Property Management Toronto is well-known and trusted by investors and tenants alike. They have been in business for over 25 years and have an astounding record of a 0.7% vacancy rate. Their agents are well-versed in the industry and offer customized services to each client along with effective communication as per their needs.
They provide property management services for all types of houses, with a focus on townhomes, single-family homes, and condos. They’re a one-stop shop for everything from purchasing to selling, tenant screening to maintenance, and everything in between.
"I have dealt with PMT for a number of years. They are professional, courteous, and diligent in maintaining & renting your property. They also take a genuine interest in their clients behaves. They treat each property like it's their own. If you're looking for a property management company, I can't recommend them higher."
- evan shear
6. LandLord Property & Rental Management Inc.
LandLord Property & Rental Management Inc. is one of the top property management companies in Toronto, with more than 26 years of experience in the field. They work with both individual and corporate clients to provide comprehensive property management services across Toronto.
Their team comprises experienced agents who are well-versed in all aspects of the industry, which helps them provide effective services to their clients. They offer a variety of services such as property care, tenant management, administrative support and repair works, and more.
With over 2323 properties managed, LandLord Property & Rental Management Inc. is a name you can trust when it comes to finding a home or a tenant for your property.
"Great support and smooth communication from the start. Our leasing agent and account manager are both fantastic. The house we are renting is clean, has updated appliances, and in a lovely neighbourhood. "
- Lucile Neden
7. Real Property Management Service
Real Property Management Service (Toronto) is one of the most trusted property management companies in Toronto with more than 30 years of experience. They are North America’s largest property management company with over 300 locations.
At Real Property Management Service, they work closely with clients to understand their needs and provide customized services as per each client’s requirements.
They can help manage all aspects of your properties such as tenant screening, maintenance and repair works. Their team comprises experienced agents who will help you make the right decisions when it comes to looking for tenants or purchasing a property.
"During all of my interactions with Real Property Management Service, I have been pleasantly satisfied with the level of attention and care they take in connecting potential tenants with homes, while taking great care of the homeowner's house. I would most definitely look for another home managed by Real Property Management Service."
8. Del Condominium Rentals
Del Condominium Rentals Inc. is a well-known property management company located in North York. Since their establishment in 1986, they have been providing quality services to their clients and believe in a friendly yet professional relationship with each client.
At Del Condominium Rentals Inc., they will help you find the right tenants for your property while taking care of all aspects of property management. They provide full-scale property management services that include tenant screening, lease preparation and review, financial advice, and more.
Being a member of The ®Tridel Group, Del Condominium Rentals Inc. is one of the most trusted property management companies in Toronto. They have been managing properties on behalf of leading condominiums such as Thunderbird (Etobicoke), Mansion of Humberwood II (Etobicoke), and Solstice (Mississauga).
"Hi! We used del rentals to get a place in downtown Toronto and they were extremely responsive, and were able to help us get the place we wanted quickly. They were flexible to our needs (changes in start dates) and had existing processes setup for everything we needed. Hope to stay with them long term and would recommend them. Special shout out to Vicki for being a great Agent! Thanks Vicki!i!"
- Kshitij Gupta
What to Look for When Choosing a Property Management Company?
- Choosing the right property management company to handle your investment property can be a challenging task. It’s important to consider all aspects of their service before choosing the best possible option.
- Here are some tips you can use to find the best property management company in Toronto.
- Find out about their past experience and expertise with a variety of clients in similar or different situations.
- Look for a company that provides a transparent process in all transactions.
- Choose a company that will share your vision when it comes to the future of your property.
- Make sure they provide personalized services with timely communication.
- Find out about their emergency support and tenant management systems.
- Look for a company that offers 24/7 customer service with professional and experienced agents.
- A good property management company should have a strong online presence to reach out to their customers effectively.
- Make sure they are an industry-certified firm that follows the best practices of the industry.
FAQs about Property Management in Toronto
Many property owners do not realize that one can hire a professional tenant screening service to find the best possible tenants for their home. A good rental agency will offer you assistance in finding the right tenants, leasing your properties each time they are vacant, and collecting rent on time. They will also take care of all legal matters related to your properties, which will help you avoid problems with the law.
Rental Property management services offered by professional firms include finding tenants, negotiating leases, taking care of rent collection process efficiently and on time each month, keeping track of vacancies with personalized marketing campaigns for each vacant unit, responding quickly to maintenance requests, organizing financial reporting processes during tenancy etc.
A professional property management company can generally find the right tenants for your home within weeks, depending on the current market conditions. Different factors such as location of your condo, its size and amenities offered all affect the speed at which properties are leased. However, their expertly trained agents can quickly find the best tenants for your home, and that too within a few weeks.
Many property management companies provide 24/7 emergency support to take care of issues related to your home, tenants and other related matters. They take care of all types of problems such as plumbing issues, electrical problems, leaky faucets etc. They also provide access to their online portal where you can request for regular maintenance, which will be documented for future reference.
Some companies charge in addition to the monthly rent in the form of a management fee. However, that percentage may vary depending on your property’s location and other related factors. Some owners prefer not having to manage their properties at all, which is where professional firms come into play.
You can choose to manage your property on your own, but you risk the possibility of incurring financial loss due to lack of knowledge about tenant screening, market prices etc. However, if you are looking for effective property management in Toronto, it is best to hire a reputable firm that has years of experience managing properties. They will help you find the best tenants for your home, and lease it quickly when it becomes vacant.
The property management companies mentioned above have a lot to offer, so make sure you hire one that can help you find the best tenants for your properties, and with a reputation of providing timely service.
If you’re also interested in hiring cleaning services for your property, check out our list of the 11 best cleaning services in Toronto. Each of them is known for offering high-quality services at affordable rates.
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Who is the biggest property management company? Based on survey data of property management companies of all property types, the largest property management company is Greystar Real Estate Partners.Who is in the top of the property management companies? ›
Who is the biggest property management company? Based on survey data of property management companies of all property types, the largest property management company is Greystar Real Estate Partners.Who is the largest property management company in Canada? ›
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Greystar Real Estate Partners is the largest property management company with almost 700,000 managed units in 2022. That's up slightly from the 669,00 units managed in 2021. The company is headquartered in Charleston, South Carolina, but has offices throughout the country and properties in all 50 states.What is the largest professional organization of property managers? ›
With over 1.4 million members, NAR is the largest trade association in the United States. Residential and commercial brokers, salespeople, property managers and other real estate professionals belong to one or more of NAR's 1,200 local associations (boards).Who is the top property owner? ›
The nation's largest private landowners are the Emmerson family in California who own over 2.4 million acres. The bulk of that land is dedicated to timber in Northern California.Who owns the most rental properties? ›
Of the approximately 50 million rental housing units in the United States, around 41% of the rental units are owned by mom and pop landlords, also known as individual investor landlords.Who owns the most property in Toronto? ›
The biggest landholder in Toronto is the City of Toronto itself. The municipality owns more than 7,000 properties, either directly or indirectly. They are conservatively valued at about $18 billion.Who is the largest landlord in Toronto? ›
|Headquarters||Toronto, Ontario , Canada|
|Key people||Dr. Gina P. Cody (Chair of the Board) Mark Kenney (President & CEO)|
Montrealer Marcel Adams made his fortune building shopping malls. Now, some 60 years after buying his first piece of property on Quebec's City's fashionable Grande-Allée, the 93-year-old joins donut king Ron Joyce and 27 other Canadians on the business magazine's list of the world's wealthiest individuals for 2013.
Largest Real Estate Companies Research Summary
The largest real estate company in the world is Keller Williams Realty, with a revenue of $381.4 billion. As of 2023, the global real estate industry has a market size of $4.4 trillion. Over 5.8 million housing transactions were completed in the U.S. in 2022.
1. EMMERSON FAMILY. The nation's largest private landowners, California's Emmerson family, are a prime example of this trend. Through their Sierra Pacific Industries, the Emmersons increased their landholdings by more than 100 square miles to over 2.4 million acres.Who is the largest US residential real estate brokerage? ›
Just the five largest real estate enterprises by annual sales volume in 2020 – Realogy Holdings Corp., Keller Williams Realty, RE/MAX, HomeServices of America and Compass – accounted for 42.4 percent of total existing home sales volume in 2020.What company has the most property? ›
The research suggests that McDonald's owns about 70% of the buildings and 45% of the land at its locations worldwide. Once all the math is done, calculations show that McDonald's owns around 47,037 acres of land. McDonald's only owns and operates about 15% of locations directly. The remainder is run by franchisees.What's a property manager's greatest responsibility? ›
Property manager responsibilities include setting and collecting rent, handling maintenance requests, filling vacant units and potentially setting the budget for the property. Property managers often take care of property that real estate investors either do not live near or do not wish to personally manage.What is the oldest professional organization of property managers? ›
True The oldest professional organization of property managers is the Building Owners and Managers Association.Where do billionaires buy property? ›
The top 3 countries for UHNWIs investing in real estate are Germany, Japan and the United States, respectively. The US has the most ultra rich people, but they have a lower propensity to invest in real estate compared to Germany. Nonetheless, these are the countries that dominate.Where do rich people own property? ›
North America is the largest ultra wealth region holding approximately 34% global share. US cities are dominant in the list and New York is the world's most popular place for the ultra-wealthy to own a property. According to the report, Hong Kong and New York are the world's 'premier' UHNW cities.Where do billionaires own property? ›
New York is the world's most popular place for the super rich to own a property, according to a new report by data firm Altrata. A total of 21,714 ultra-high-net-worth (UHNW) individuals — those worth over $30 million — own either a primary or secondary residence in the city, the study found.What rental property makes the most money? ›
What Types of Commercial Properties Are the Most Profitable? High-Tenant Properties – Typically, properties with a high number of tenants will give the best return on investment. These properties include RVs, self-storage, apartment complexes, and office spaces.
Becoming a millionaire from real estate investing isn't as far-fetched as it may seem, but it's not an easy goal to reach. You shouldn't expect it to happen overnight, but it is achievable. If you have the right knowledge, develop a plan, and be persistent enough, you can become a millionaire real estate investor.How many rental properties will make you a millionaire? ›
To become a real estate millionaire, you may have to own at least ten properties. If this is your goal, you need to accumulate rental properties with a total value of at least a million.What is the richest area in Toronto to live? ›
- Yonge-St. Clair. ...
- Oakville. Oakville consists of Toronto suburbs with magnificent harbour views of Lake Ontario. ...
- Summerhill. Summerhill is a smaller neighborhood near Roseville between St. ...
- Bridle Path. ...
- Rosedale. ...
- Forest Hill (South) ...
- Lytton Park. ...
- Hoggs Hollow.
According to Forbes, David Thomson and his family secured the 22nd spot out of thousands worldwide. Additionally, their current real-time net worth is $57.7 billion, making them the wealthiest people in the country.What area of Toronto has the most expensive houses? ›
14600 Weston Rd
The 215-acre mansion marries a lush lifestyle with a log cabin ambiance located just north of Toronto in King City. “King has the highest average property sales prices in the GTA,” Ingram said.
having the highest rank or standing in relation to others of the same kind: The Senator is the ranking Republican on the committee.What is the most expensive condo for rent in Toronto? ›
When it comes to sky-high luxury, look no further than this spectacular 3,500-square-foot penthouse in downtown Toronto, taking up the entire top floor of one of the city's most prestigious buildings. Currently on the rental market for $28,500 per month, take a look inside Toronto's most expensive condo rental.What are the most expensive neighborhoods to rent in Toronto? ›
Some of them include Moore Park, the Vale of Avoca, Park Drive and Rosedale Valley ravines. It was known for a long time as Toronto's most fashionable neighborhood. Some of the wealthiest and most prominent residents of Toronto are living in Rosedale.Where do most Canadian billionaires live? ›
Let's get into the moguls and how they made their money.
- Mark Leonard and Family – $ 3.4 billion. ...
- Bruce Flatt – $ 3.5 billion. ...
- Hal Jackman – $3.5 billion. ...
- Apostolopoulos Family – $3.9 billion.
David Thomson: $53.3 billion
If you are Canadian, it's likely you already know that the Thomson family is the richest family in Canada.
Out of 20 cities worldwide, Canada's biggest city has landed in 14th place, between Frankfurt in Germany and Zurich in Switzerland. According to the ranking, Toronto is home to a staggering 116,100 millionaires and 17 billionaires. Toronto has more millionaires than Seoul, Melbourne, Dallas, Geneva, and even Paris.What is the richest estate in USA? ›
1. The One, Los Angeles, California | Most Expensive Houses. The One, which took eight years to create, has surpassed all other pricey mansions in the US to claim the top rank. Nile Niami's modern masterpiece, this private mansion is situated on a five-acre site in Bel Air, Los Angeles, California.Who is the most successful real estate owner? ›
Donald Bren is one of the greatest real estate investors in American history. He is currently the wealthiest real estate investor in the country and has a net worth of $15.3 billion. Donald got his start in the real estate world early in life. This is because his father was a real estate investor.What is the oldest real estate company? ›
Inman.com names Chicago's Baird & Warner Real Estate as “the oldest US Real Estate Brokerage” citing their 160 years of business and the granting of a $5,000 mortgage loan in 1855 as the basis for the title.What foreign country owns the most land in the United States? ›
Despite that increase, it's still only 0.88 percent of the 40 million acres owned by foreign countries at the end of 2021. Canada accounts for the most foreign-owned land in the U.S. at 31 percent, followed by the Netherlands at 12 percent.Who owns the biggest ranch in America? ›
|W. T. Waggoner Estate|
|Country||United States of America|
The largest country in the world is Russia with a total area of 17,098,242 Km² (6,601,665 mi²) and a land area of 16,376,870 Km² (6,323,142 mi²), equivalent to 11% of the total world's landmass of 148,940,000 Km² (57,510,000 square miles). See also: Most Populous Countries.Who is the fastest-growing real estate brokerage? ›
eXp Realty has broken records! In eight years, eXp Realty has grown from less than 300 agents to 82,000; from operations in less than half the United States, to operations in 21 countries; and from penny stocks to the NASDAQ.Why are people leaving eXp Realty? ›
Many agents will simply leave eXp Realty because they feel a physical office will help them sell more real estate. Agents must do what's right for their business and themselves. While eXp Realty agents can lease or own their office space, this option may be too expensive.What is the fastest-growing brokerage in the US? ›
Of the five brokerages mentioned, eXp Realty had the highest year-over-year sales volume (20.2%) and the most transaction sides (397,138) in results for 2022. Sales volume is calculated against NAR's existing home sales data.
|2||Saudi Aramco 22222.SR||🇸🇦 Arabia|
|4||Alphabet (Google) 4GOOG||🇺🇸|
Istana Nurul Iman Palace, the official residence of the Sultan of Brunei, Hassanal Bolkiah, is the largest house in the world, spread over 2.15 million square feet.Who has the most property on earth? ›
|1. The Family Of Queen Elizabeth II Of Great Britain||6,750,000,000|
|2. The Catholic Church||177,000,000|
|3. The Inuit People In Nanuvut, Northern Canada||87,500,000|
|4. Gina Rinehar||22,700,000|
This position is also referred to as the property supervisor.
Growth, Efficiency and Profitability are Top Property Manager Goals.What is the most that property manager makes? ›
The majority of Property Supervisor salaries across the United States currently range between $44,500 (25th percentile) and $66,500 (75th percentile) annually.Who is the largest commercial real estate manager in the world? ›
Largest commercial property management company in the world
The largest commercial property management company by a pretty large margin is CBRE Group, Inc.
Rexford Industrial REIT | $832 million
The largest Los Angeles-based industrial property holder owns 5.6 million square feet across 55 properties.
A property manager may have one of two common relationships with an owner of real property. These can include an employer-employee relationship or a principal-agent relationship.How do I find a good property manager in Florida? ›
- Ask Friends and Colleagues for Referrals. ...
- Search Online Directories for Property Managers. ...
- Check and Verify Their Qualifications. ...
- Meet Potential Property Managers Face-to-Face. ...
- Ask About Their Network. ...
- Visit Properties That They Manage. ...
- Study the Contract Carefully.
The list of the top five managers, namely Blackstone (1st – €419.3 billion), Brookfield (2nd – €221.1 billion), Prologis (3rd – €189.6 billion), PGIM (4th – €184.5 billion), and Nuveen (5th – €133.8 billion) remains unchanged compared to the 2020 results.Who is the richest person in real estate business? ›
At the top, Orange County, California-based Donald Bren remains the wealthiest real estate billionaire in the country with an estimated $16.2 billion net worth, nearly $1 billion higher than last year.What is the salary of a top commercial real estate executive? ›
How much does a Top Commercial Real Estate Lending Executive make in the United States? The average Top Commercial Real Estate Lending Executive salary in the United States is $329,021 as of May 01, 2023, but the range typically falls between $283,231 and $404,661.Who owns the $295 million home in LA? ›
Richard Saghian, owner of the fast-fashion business Fashion Nova, has emerged as the winning bidder of the Los Angeles mansion known as “The One.”Who is the richest commercial real estate agent? ›
1. Donald Bren. Donald Bren began his career as a typical real estate agent, making his first investment in a real estate company that purchased over 90,000 acres of land.Can you become a billionaire in commercial real estate? ›
It is no surprise that real estate moguls are among the richest billionaires in the world who own hundreds of commercial & residential properties. The big benefits of real estate investing are passive income, stable cash flow, tax advantages, diversification, and leverage.What is the hardest part of being a property manager? ›
The most common challenge faced by property managers is poor time management. Handling maintenance requests, communicating with tenants, and conducting inspections can fill up a property manager's day leaving no time for the twenty other things that need to get done.What makes the best property manager? ›
- Patience. Property management is a challenging job, and it can be stressful at times. ...
- Assertiveness. While you should always emphasize patience in your decision-making, property management is a balancing act. ...
- Professionalism. ...
- Strong communication skills. ...
- Organized. ...
- Tech-savvy. ...
- An investor mindset. ...
- Quick response times.
The most obvious function of a property manager is to find tenants for your rental property. The property manager will handle showings to interested renters, perform credit checks and reference checks on applicants, and coordinate the move-in process.How much do most property managers make? ›
The average salary for a property manager in California is $51,000 per year. Property manager salaries in California can vary between $21,000 to $112,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
|Rank||State||Average Property Manager Salary|
What is the average salary for a property manager in Florida? The average salary for a property manager in Florida is $52,000 per year. Property manager salaries in Florida can vary between $20,500 to $98,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.