The resale housing market is not the only kind of real estate making headlines in Toronto lately. In an effort to make rental housing more accessible and affordable, the government has introduced new legislation to tackle some of what it feels are the most pressing landlord and tenant issues. Those people that the proposed legislation will most affect may wish to know more about the changes that are likely coming.
The intention of the bill, known as the Rental Fairness Act, 2017, is to protect vulnerable renters from unmanageable increases in rent. The Act expands rent control to cover all privately held rental units in Ontario, including units occupied since Nov. 1, 1991. The changes will be effective beginning with notices of rent increases on April 20, 2017. Around 20 percent of Ontario's private rental units will no longer be exempted from rent control.
There are also amendments to the Residential Tenancies Act proposed, each offering further protections to renters. Among the changes are a standardized lease, and incentives for landlords to increase the energy efficiency of their units. Tenants will also have more protection from the "landlord's own use" clause for eviction, and from pursuit of unauthorized charges from former tenants.
Regardless of whether one is a landlord or a tenant, the residential renting landscape in Toronto, GTA and Vaughan is set to change dramatically. There will likely be a period of uncertainty as everyone concerned adapts to the changes. Any person who has concerns about landlord and tenant issues may want to seek clarification of his or her rights from an experienced paralegal at Carr Law Professional Corporation.
Source: saultonline.com, "Ontario Introduces Bill to Protect Tenants from Unfair Rent Increases", April 24, 2017