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

Doug Ford sasses back at people who say Ontario's vaccine rollout is confusing

Toronto neighbourhood is planting 5k new trees and 2 million plants

Toronto hospital introduces Kindness Cart to thank and support overworked staff

Turtles are having a moment in Toronto right now and here's why

Doug Ford got a haircut and people in Ontario are furious about it

People in Toronto furious and upset after truck driver who killed cyclist found not guilty

John Tory says social distancing circles in Trinity Bellwoods Park could return

Canada was just ranked the best country in the world