By Tess Kalinowski Real Estate Reporter Wed., Nov. 28, 2018 Ontario’s housing minister is standing by the government’s elimination of rent controls on new units as the best way to alleviate the Toronto region’s vacancy squeeze. “Exempting new units from rent control will encourage large developers and small landlords to create more housing,” said Steve Clark. “We want units built and that’s how we’re going to solve it. Our government’s open for business and this is a very important strategy for us,” he said Wednesday. He made the remarks at a news conference inviting public input into the government’s consultations for its Housing Supply Action Plan. The backdrop was the Montgomery, a new apartment building on Yonge St. near Eglinton Ave. that is expected to rent for between $2,175 and $6,055 when it is finished next year. Clark repeated the Progressive Conservative government’s promise … [Read more...] about Housing minister says nixing rent control on new units will ‘solve’ lack of supply
2017 ontario rent increase
By Tess Kalinowski Real Estate Reporter Thu., Nov. 15, 2018 The Ontario government’s removal of rent controls on new, previously unoccupied rental units will mean higher housing costs in the future but won’t do much to relieve Toronto’s historically low vacancy rate, at least in the near term, say tenant and housing experts. Starting immediately, rent control rules will no longer apply to buildings and flats being rented for the first time, the Progressive Conservative government announced in an economic statement on Thursday. “Everybody who’s an existing tenant today is protected ... but the challenge for the future is there is no supply ... the one thing the government can do to bring in new supply is to open the market,” Finance Minister Vic Fedeli said. Geordie Dent, executive director of the Federation of Metro Tenants’ Associations, called it a return to the “economic evictions” of former PC premier … [Read more...] about Removing rent control on new units won’t ease Toronto’s housing crisis, tenant and housing experts say
By Tony Irwin Opinion Mon., Oct. 1, 2018 We can all agree that housing affordability in Toronto and the GTA is a challenge — and as rental housing providers we want to build more rental housing that people can afford. In order to make housing more affordable, we need to build more types of housing that offer greater choice, especially new rental. However, strict rent controls in Ontario are one of the main reasons not enough new rental housing is being built. That’s why we need smarter housing policies that meet the needs of our growing population. To fix our supply problem and create more rental housing in the GTA, change needs to be made to the existing rent-control regime that encourages more investment and construction of new rental housing. The Wynne government’s misguided changes to rent controls, which removed the rent increase exemption for new rental construction, have caused a clear reduction in new rental construction. Article … [Read more...] about Does Toronto need tougher rent controls? No
By Natalie Paddon The Hamilton Spectator Mon., June 4, 2018 The number of landlords trying to evict tenants through applications to the local Landlord and Tenant Board office jumped by 95 per cent from 2010 to 2016. Over the same six-year period, the Ontario-wide increase of landlords making an L2 application — the next step if tenants contest the form used to evict them — was 58 per cent. A new rental housing report called Out of Control — released Friday by the Social Planning and Research Council of Hamilton, the Hamilton Roundtable for Poverty Reduction and the Hamilton Community Legal Clinic — argues Ontario should put in place additional protections to keep rent increases reasonable and create a healthy market. The report, which comes less than a week before the provincial election, compares the rental landscapes in Hamilton and Quebec City — two cities of comparable size and growth but with different tenant protection policies, … [Read more...] about Report calls for Ontario to keep rental increases reasonable
By Vjosa Isai Staff Reporter Tues., March 27, 2018 Parkdale tenants are on a winning streak. In one of Toronto’s rapidly gentrifying neighbourhoods, the consecutive successes of two major protests against landlords in the past year demonstrates the power tenants have when mobilizing around their demands, housing advocates say, but it also underscores the need for more regulation from the provincial government. The latest victory came this week after tenants at a King St. W. highrise stopped paying rent for two months in response to a bid from their landlord, property management firm Nuspor Investments, to raise rents by more than double the amount recommended by the government. Nuspor Investments has since abandoned the bid, and tenants are slated to meet on Wednesday to discuss next steps. “It’s a rare demonstration of the economic power that residential tenants have. We don’t see it very often, but the reality is every month, … [Read more...] about Are rent-strikes the new war plan for priced-out tenants?