Tuesday, June 4, 2013

Pressure mounts for Ontario to extend rent controls to all tenants.

A complex problem for any city.  How do you provide affordable housing and at who's expense.  I can tell you from a Landlords perspective the rent roll increases allowed by the city are not realistic and penalize Landlords.  I am also aware that incomes do not increase in line with general inflation.  I do find it interesting that while rents are controlled our insurance premiums are some of the highest in the country.  What about cell phone premium controls or heating/electrical controls? 

I would really love to hear peoples perspective on this article - landlords and tenants.

"Toronto city councillor Anthony Perruzza is so concerned about similar complaints from tenants in his renter-heavy North York ward, that this week he introduced a motion before executive committee  urging the province to make all rental units — including investor-owned condos — subject to rent controls “to level the playing field” in the city’s tight rental market"