Ontario is more than doubling the maximum rate a landlord can raise a tenant’s rent next year – marking the highest rent increase guideline in the province in a decade.
On Wednesday, the province announced Ontario’s rent increase guideline for 2023 is 2.5 per cent.
Ontario tenants have been facing steep rent hikes, amounting to hundreds of dollars, since the pandemic rent freeze ended Dec. 31. Many of them have to make a difficult choice: stay in their home and adapt their budget or even try to move. For a single mother and a couple of young professionals, the situation is far from easy.
Task Force report is part of the government’s consultations with municipalities, public and industry to increase market housing supply.
Some Ontario tenants have begun receiving notices of rent increases next year, now that the province’s yearlong provincial rent freeze is set to expire on Jan. 1.
That’s when landlords of rent-controlled buildings will be allowed to raise rents up to 1.2 per cent– the maximum allowable under the provincial guideline.
Ankit Patel says he inadvertently became a landlord when he bought his dream home.
Now, tenant problems and major backlog at Ontario’s Landlord and Tenant Board (LTB) have put him in so much debt, he has to sell his mother’s home and has even considered selling the dream home.
After years of dealing with a tenant he calls “violent and threatening,” Chico Vaillancourt had had enough.
The Sudbury realtor and landlord filed a complaint with the Ontario Landlord and Tenant board with the goal of getting the man evicted.
Ontarians could soon face fines up to $25,000 for sharing videos of the province’s online eviction hearings, thanks to a new bill that is currently being considered by the province.
Like many services that were in-person before COVID-19, the resolution of landlord and tenant disputes went virtual during the pandemic to protect public health. But a plan by the province to switch to a permanent online-first system has sparked concern from some who say it’s unfair and will make it easier to evict residents.
Hamilton is beefing up its property standards bylaw so that landlords are responsible for more health and safety issues of their rental properties.
Farzad Lahouti bought a brand new condo on the 38th floor of the luxury 1 Bloor St. E. building as an investment during the pre-construction phase.