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ARTICLE · 09 JULY 2024

City Council Passed Commercial Rent Control… And Nothing Changes

On May 23, 2024, Toronto City Council overwhelmingly passed a motion which purported to revolutionize the way commercial leasing is handled in the City…

CanadaReal Estate and Construction

On May 23, 2024, Toronto City Council overwhelmingly passed a motion which purported to revolutionize the way commercial leasing is handled in the City… except it had no statutory authority to do so. Instead of changing any policy, the motion brought by councillor Josh Matlow merely made recommendations to the Government of Ontario. While the effort is noteworthy, the immediate policy consequences of this resolution are negligible.

Council's Recommendations to the Province

The COVID-19 pandemic hit small and locally owned businesses hard, causing immense struggles for many. In response, the Better Way Alliance  has been lobbying governments to adopt a “Renters Bill of Rights”. This initiative aims to address the inequalities faced by small and local renters compared to larger commercial leasers.

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