Rent Control in Ontario: 🧵 @Fordnation quietly made changes to rent control in 2018, introducing new legislation scrapping rent control on new builds occupied for the 1st time after Nov. 15, 2018. What does this mean to tenants? It means if a tenant signs a lease 1/7
on a rental property that fits this description, landlord can raise the rent by any amount at any time & the LTB rules do not apply. Tenant has zero recourse - they have to decide to move, or pay the new rent. The impact of this legislation is starting to rear it's ugly head 2/7
The pandemic caused a decrease in rents, particularly in large cities as those who could work from home chose to move farther afield, or in with family for self isolation. Rents dropped. Tenants who wanted larger spaces, rented new builds. Now rents are increasing again & 3/7
some landlords are getting greedy and want "market rate" for what they leased 6 months ago. Tenants are seeing rents increase by 100s & in some cases close to 1000. They call LTB and are told this is 100% legal & it is, thanks to @Fordnation. 4/7
We need to educate everyone who doesn't know about this. Please, do the little thing that I'm doing. If you see an ad for a rental property on SM, ask the landlord, even if you have zero interest in renting "What year was this built? What was the first date of occupancy?" 5/7
And, when they answer & it's post Nov 15 2018, reply with a warning to perspective tenants, link to the legislation. Let's keep these units empty because that's the only way it will change. @Fordnation doesn't care about Affordable Housing. 6/7
He cares about lining his donors pockets (along with his own). Empty units don't help anyone, but, it might change things, if nothing else, it educates potential renters before they get screwed. Remember things like this on June 2nd. 7/7 #VoteThemAllOut2022#onpoli
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