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

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