Rent control loophole blamed for rising condo rents

Posted by Real Estate Snatch Thursday, April 25, 2013

Tenant advocates call for controls on rent increases for newer condo and apartment buildings

The Ontario government needs to close a loophole that has created a “two-tiered system of renters” an increasing number of them in new downtown condos where some landlords are jacking up rents as a form of economic eviction, says the head of the Federation of Metro Tenants’ Associations.

The federation has had numerous calls from condo tenants, surprised to discover that apartment or condominium buildings occupied after November 1, 1991 are exempt from rent controls.

Read Full Article Courtesy of Toronto Star

Follow REALESTATESNATCH On Twitter and Facebook!

Have something to share with us?
E-mail us at scoop@realestatesnatch.com

Read more from REAL ESTATE SNATCH Post blog:

Related Posts Plugin for WordPress, Blogger...

No comments:

Search MLS® Listings

FIND YOUR DREAM HOME

Click on an area to view all upcoming open houses in that area. You may also search only the next seven days, or further refine your search by doing an Advanced Search.

Next seven days

Advanced Search

Greater Toronto Area

Note to users: Although TREB endeavours to ensure the accuracy and timeliness of information, it is not guaranteed. TREB accepts no responsibility for any loss arising from any use or reliance on the information contained herein.

About Us

Get Free Email Updates to your Inbox!

Follow Us On Social Media

REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with