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ARTICLE · 26 APRIL 2017

Introduction To The Fair Housing Plan: Ontario

McCarthy Tétrault
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Ontario has introduced the Fair Housing Plan which includes some measures that will have an immediate effect such as a rent control expansion, a new standardized lease and a new 15 percent...

CanadaReal Estate and Construction
The Lay Of The Land Blog
The Lay Of The Land Blog
Christine Wong
Christine Wong
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Ontario has introduced the Fair Housing Plan which includes some measures that will have an immediate effect such as a rent control expansion, a new standardized lease and a new 15 percent Non-Resident Speculation Tax should the legislation be passed.

Rent Control

Ontario's Fair Housing Plan will expand rent control to all private rental units in Ontario including those built after 1991. Rental increases will rise at an annual rate stipulated by the Ontario government and is capped at the rate of inflation or at a maximum 2.5 percent if the rate of inflation is higher. This change will be effective April 20, 2017 once the legislation is passed.

Standard Lease

The government has developed a new standard lease to tighten the provisions around "landlord's own use" evictions. This new lease will be available in multiple languages and will provide for compensation to tenants who are asked to vacate.

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