Ontario Liberals reject NDP's rent control bill

Apr 6 2017, 4:23 pm

The Wynne government has rejected the fast-tracking of the NDP bill intended to protect renters from a current loophole.

Earlier this week, Liberty Village residents were recently faced with the reality of the current Residential Tenancies Act. The Toronto Tenants were given notice from their landlords that a rent hike of 100% would be taking effect in July.

The move is legally possible due to a loophole in the Residential Tenancies Act. Currently, buildings built after 1991 are allowed to have rental hikes as much as a landlord wants. At this time, landlords can raise the rent by whatever amount they wish – resulting in rent increases of 20 per cent, 50 per cent or even doubling a tenant’s monthly rent, according to the NDP.

Thursday’s move by the Liberal government leaves the loophole open for now.

More to come as the story develops.

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