toronto rent control

Toronto getting expanded rent control

Earlier this year, two condo dwellers in Toronto were shocked when their rent increased 100 percent, from $1,660 to $3,320. Those types of rent hikes, however, might soon be a thing of the past.

That's because today, the provincial government introduced a Fair Housing Plan, which includes 16 measures to help cool the real estate market.

Along with the new 15 percent Non-Resident Speculation Tax (NRST), this proposal brings rent control to all units in Toronto (and across Ontario), and not just those built or occupied prior to November 1991.

Rent increases will be capped at 2.5 percent, however, in certain cases landlords will still be able to apply for exemptions to this. The province also plans to update the Residential Tenancies Act, by bringing in standardized lease agreements, for instance.

If passed as expected, those living in shiny new condos won't have as much to fear when approaching the one year mark on their lease.

Lead photo by

Views from Lisa


Join the conversation Load comments

Latest in City

TTC subway stations are running shuttle buses again this weekend

Toronto rallies to save freezing cat from top of hydro pole

Mysterious green laser fired at air ambulance helicopter in Toronto

New Toronto coronavirus patient's husband tests positive for COVID-19

Hundreds of collisions reported in Toronto during nasty snow dump

The top 25 coworking and shared office space in downtown Toronto

It would cost every Toronto homeowner $1 a day to make the TTC totally free

Toronto just set an all-time record for the most tourists ever