Housing advocates have pushed for a more stringent rent control system Ontario, but PEI is an example of how nuanced rent control rules, in reality, tend to be. realestate realestatenews housing rent rentcontrol Ontario
Housing advocates have pushed for a more stringent rent control system Ontario, but PEI is an example of how nuanced rent control rules, in reality, tend to be.These days, it’s not unusual for tenants in Ontario to face rent increases that add hundreds of dollars to their monthly housing costs.
Last summer, a report prepared by Abigail Bond, Executive Director of the Housing Secretariat for the City of Toronto, made a case foras a way to “prevent the financializing of housing which has been noted as a key driver of evictions.” In that same report, she also suggested that a better way to go about rent control is to tie rent caps to units rather than occupancy.
notes that legislation that ties rent control to the unit and not the tenant has been in effect since 1992. The benefits, the Ministry spokesperson adds, extend to “cost surety for tenants in a time of high inflation and low vacancy rates in some areas of the Island.
“A lot of people are on a fixed income, especially those that are aging out of work and into retirement,” she says. “As there's pressure based on their financial position because of inflation, the one security they have is that their rent is not going to increase astronomically at the same rate of inflation.”At the same time, Webster, who is part of a family business that operates a number of rental units in the province, is well-acquainted with the "landlord perspective.
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