Property management fees in Toronto: what to compare

Start with the property and the work

A useful management quote starts with what you own, whether it is occupied and what you want someone else to handle. A single condo, a house and a multi-unit portfolio can have different maintenance needs and reporting requirements. Compare the same responsibilities before comparing a flat fee with a percentage of rent.

Tenant.ca's published monthly management prices start at $98 plus HST for condos and apartments, and $148 plus HST for houses. Multi-unit portfolios receive custom pricing. Management is available in Toronto and the GTA, subject to the property's needs and confirmed service coverage.

Separate management from finding a tenant

Ongoing management covers the work after a property is occupied. Tenant placement covers finding and preparing a new tenancy. At Tenant.ca, standalone placement is priced at one month's rent plus HST and includes pricing, marketing, enquiries, showings, screening and lease preparation. Confirm how placement will be quoted if you also choose management.

An advertised monthly management fee is not the entire cost of owning a rental. Repairs, property operating expenses and separately requested services should be identified in the written scope. Ask what requires approval, who pays suppliers, when fees are charged and whether any administrative charges apply.

An example you can adapt

At the published starting price, twelve months of condo management is $98 × 12 = $1,176 before HST. House management is $148 × 12 = $1,776 before HST. These examples exclude placement, repairs and other operating costs; they are not a property-specific quote.

If you need placement for a property renting at an illustrative $2,500 a month, the one-month placement fee is $2,500 before HST. That rent is an example, not an estimate of your property's value. Keep recurring management and one-time leasing on separate lines when comparing quotes.

Questions to put in the written scope

Clear responsibilities matter as much as the headline price. Use the assessment conversation to establish the following before committing.

• Who handles tenant communication, rent monitoring and arrears follow-up?
• How are routine and urgent repairs coordinated, and what is my approval limit?
• Which owner statements and maintenance updates will I receive?
• Are inspections, placement, photography or specialist services separately priced?
• What are the agreement term, cancellation requirements and handover arrangements?
• Who is my day-to-day contact, and how do I raise an unresolved issue?

Bring enough information for an accurate assessment

Share the location, property type, number of units, current occupancy, expected availability and immediate issues you want help with. If another manager is involved, explain the intended handover date and any outstanding work. The team can then confirm coverage and scope before quoting for your situation.