cover image: ONTARIO  RENOVICTION REPORT 2024 - ACORN CANADA 416-461-5322 - FEBRUARY  2024

20.500.12592/hhmgxs4

ONTARIO RENOVICTION REPORT 2024 - ACORN CANADA 416-461-5322 - FEBRUARY 2024

29 Feb 2024

While the existing form of rent control in the province ensures that rent is not raised substantially as long as the tenancy continues for buildings built before 2018, the landlord can raise the rent by any amount once the tenancy is over.* There is no vacancy control in Ontario which provides a massive financial incentive to landlords to do renovictions and push out long term tenants for the unit. [...] While the Province refuses to address the root problem through eliminating the financial incentive for renovictions to take place, what is needed is more power in the hands of the cities to enact strong tenant protections. [...] It is important to note that the data pertaining to N12s and N13s accessed from the LTB is a gross underestimate of the scale of the renoviction crisis. [...] After the renovation is complete, the landlord will be required to adhere with the Residential Tenancies Act and allow the tenant to return to their unit at the same rate they were paying before the work was done. [...] The rent of the replacement unit needs to be the same as the original rent and must only be increased as per the provincial rent guidelines.
daf96bph30q,badxdxgla-o

Authors

ACORN Canada

Pages
18
Published in
Canada