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Province lifts rent controls on new units as strategy to build more rental stock

Posted November 28, 2018

Rent controls are now lifted on new units occupied for the first time retroactive to Nov. 15, as part of the provincial government's strategy to create more rental housing in the province.

Steve Clark, Minister of Municipal Affairs and Housing, made the announcement this morning adding details to provisions first announced in the government's fiscal update.

Controls are lifted on new buildings, mobile home parks, land lease communities, additions to existing buildings, and new second units like basement apartments.

Rent controls remain in place for current tenants with lease agreements, or who are paying month-to-month rent as part of a previous lease agreement. In 2019 the increase is capped at 1.8 per cent.

The Ford government has also eliminated a development charges rebate program that applied to new rental construction.

"Exempting new units from rent control is a better way to encourage developers across Ontario to build more rental housing than using more than $100 million of taxpayers' money to rebate development charges in a select few communities," according to the press release.

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All stories, unless otherwise noted,
by Tony Veltri