What to look out for when renting a brand new property in Ontario

The article discusses what to look out for when renting a brand new property in Ontario. The writer suggests that although brand new units may seem appealing, there are a few things that need to be considered before moving in. Firstly, buildings under construction may cause noise, and developers may compromise on the quality of the building due to the rush to complete the construction. Secondly, tenants must ensure that utilities such as gas and hot water are set up before moving in. Lastly, new buildings in Ontario are exempt from rent control, so tenants may want to sign longer leases to avoid rent hikes. However, a longer lease comes with the downside of the sublet or assignment processes in case of early termination. It is suggested that tenants should research the property management company, the developer, and the experiences of the neighbors before making a decision.