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
2017 ontario rent increase
By Teviah Moro The Hamilton Spectator Fri., Sept. 7, 2018 Spiking rents and modestly rising social assistance are the ingredients for homelessness. This is one takeaway from a new report on food bank usage in Hamilton. Hunger Count 2018 found the leading source of income for local food bank users is disability payments. Most, however, are paying market rates for housing. This forces households to pick and choose between necessities — think sacrificing nutritious food to keep the lights on. It’s a delicate dance that can lead to homelessness, says Joanne Santucci, executive director of Hamilton Food Share. “When you look at that, all of our shelters are at capacity. We can’t even afford to have 100 people hit the street.” Hamilton Food Share acts as a hub for the city’s 12 food banks and seven hot meal programs. Article Continued Below The Hunger Count report examines data from the front-line agencies, which comprise the … [Read more...] about Majority of Hamilton food bank users paying market rent: report
By Tess Kalinowski Real Estate Reporter Fri., Aug. 10, 2018 Three years ago, you could buy a house in London, Ont., for $234,000. Today, it will cost you $364,000. “I call it the Toronto migration ” said real estate broker John DeBlock. “It’s not only from Toronto, though. Toronto people have gone to Kitchener. Kitchener people have come to London.” The GTA’s housing fever may have broken in spring 2017, but its heat is still dispersing around the province. DeBlock predicts it will linger for at least another year, and it isn’t confined to London. In Windsor, realtors are seeing bidding wars on most listings. In Barrie, 38 per cent of home sales involve an out-of-district realtor, most of them representing Toronto-area clients. Retirees, move-up and first-time buyers are looking to get more for their housing dollars by migrating to smaller Ontario markets. Technology and strong provincial employment are helping. … [Read more...] about Toronto home search moves to smaller Ontario cities
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?