Is It Too Late to Start Investing at 63? + Toronto’s New Rental Renovation License Bylaw | Real Estate Investing Canada

Aug 27, 2025

🎧 Is It Too Late to Start Investing at 63? + Toronto’s New Rental Renovation License Bylaw
Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier

Today’s episode dives into two big conversations that matter for Canadian real estate investors. First, we answer a listener’s powerful question: “Am I too late to start investing at 63?” We break down the math, the risks, and the realities of starting later in life — plus strategies to safely supplement retirement using rental properties.

Then, we turn our attention to Toronto’s brand-new Rental Renovation License Bylaw. This sweeping regulation is aimed at stopping renovictions, but it places major costs, restrictions, and penalties on landlords. We unpack what the bylaw means, the rights it gives tenants, and why Ontario remains one of the most difficult provinces for landlords.

🧠 What You'll Learn in This Episode

• Whether it’s realistic to start building a rental portfolio in your 60s

• How cash flow, equity, and timelines affect retirement-focused investing

• Why four rental properties may or may not be enough for retirement income

• The difference between mentorship vs. coaching when it comes to investing support

• Why Ontario’s new bylaw penalizes good landlords along with bad ones

• What the $700 per-unit license, tenant rights, and penalties mean for Toronto investors

• The long-term risks of investing in provinces that don’t support landlords

• Why Alberta continues to be the most landlord-friendly market in Canada

👥 About Your Hosts
Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies.
New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice.

💡 Resources & Contact
Learn about our Mentorship Program: www.reimasters.ca
Bookkeeping & Tax help: www.finngo.com/rei
Submit a question: [e-mail]

🤝 Thanks to Our Sponsors
🏠 Krystal Kromm – Red Deer Investor-Focused Realtor
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🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team
🌐 calvinrealty.ca
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📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm
🌐 www.finngo.com/rei
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💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers
🌐 www.kbmortgages.ca
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🏗️ Calvert Home Mortgage Investment Corporation
📞 403-278-0249
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🆔 FSRAO License Numbers: 13267 and 13268