[homeles_ot-l] An observation FW: McGuinty Government Stabilizing Rent Increase Guideline To Protect Tenants

[Lynne Browne]

FYI . . . Lynne Browne

Executive Director, Alliance to End Homelessness 

613-241-7913 ext. 205, lbrowne at ysb.on.ca <mailto:lbrowne at ysb.on.ca> 

 

From: Rob MacDonald [mailto:robm at housinghelp.on.ca] 
Sent: June-15-12 4:42 PM
Subject: Fwd: McGuinty Government Stabilizing Rent Increase Guideline To Protect Tenants

 

The government passed legislation today which caps rents for sitting tenants at 2.5%.  Unfortunately, landlords will continue to raise rents to whatever the market will bear whenever a unit becomes vacant.  Landlords can also raise rents above the guideline for capital expenditures, security, and increased municipal taxes or utilities. Rental units built after 1991 are also exempt from rent control.  
comment
Rob MacDonald

---------- Forwarded message ----------
From: Naqvi_Yasir-MPP-CO <ynaqvi.mpp.co at liberal.ola.org>
Date: Thu, Jun 14, 2012 at 8:58 PM
Subject: McGuinty Government Stabilizing Rent Increase Guideline To Protect Tenants
To: Naqvi_Yasir-MPP-CO <ynaqvi.mpp.co at liberal.ola.org>



Today, Minister of Municipal Affairs and Housing Kathleen Wynne announced that the passage of the Residential Tenancies Amendment Act will cap the maximum amount most landlords can increase a sitting tenant’s rent during the year at 2.5 per cent.

Right now, one million tenant households in Ontario are covered by the annual Rent Increase Guideline, which applies to more private residential rental accommodations covered by the Residential Tenancies Act, 2006. The guideline is the maximum amount most landlords can increase a sitting tenant's rent during the year without making an application to the Landlord and Tenant Board.

Tenants will now benefit from more predictable and stable rents so they have safe and affordable housing. For landlords, this will ensure a fair return so they can properly maintain and repair rental properties. 

The annual Rent Increase Guideline is a calculation based on the Ontario Consumer Price Index (CPI), which is calculated by Statistics Canada. CPI is a measure of inflation, or the rate of price change for goods and services bought by consumers.

Capping the Rent Increase Guideline is part of the McGuinty government’s plan to provide affordable housing for Ontario families. To learn more about Ontario’s Long-Term Affordable Housing Strategy, please visit www.mah.gov.on.ca <http://www.mah.gov.on.ca/>  or contact me at my Community Office at 613-722-6414. 

Together, we are building a better Ontario!

Kind regards, 

Yasir

Yasir Naqvi, MPP

Ottawa Centre

Parliamentary Assistant to the Minister of Finance

 

Community Office | 411 Roosevelt Ave. Suite 204, Ottawa K2A 3X9

[t] 613-722-6414 | [f] 613-722-6703 | [e] ynaqvi.mpp.co at liberal.ola.org

 

Queen’s Park Office | 7 Queen’s Park Cr. 7th Floor, Toronto M7A 1Y7

[t] 416-325-3581 | [f] 416-325-3453 | [e] ynaqvi.mpp at liberal.ola.org

 

fb facebook.com/YasirNaqviMPP | tw @Yasir_Naqvi | (i) www.yasirnaqvimpp.ca

 

 




-- 
Rob MacDonald,
Advocate for Tenants

 

"Warriors, warriors we call ourselves.  We fight for 
splendid virtue, for high endeavour, for sublime wisdom, 
therefore we call ourselves warriors."
Aunguttara Nikaya

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