“If Re-Elected, a Liberal Government will make Rent Increases Lower”
October 1, 2011
Ontario landlords faced a historically low allowable rent increase of only 0.7% for 2011 despite facing huge new costs due to the HST. As inflation rose, the 2012 allowable rent increase is 3.1%, which is still lower than provinces such as British Columbia.
Where do the parties stand on allowable increases? The Liberals are clear: they will create a formula specifically designed to lower any any future increases.
Dr. Eric Hoskins and the Ontario Liberals have an unmatched record of standing up for and protecting tenants.When he got news of the 2012 Rent Increase Guideline, Eric wrote to the Minister of Housing asking for his assurance that if re-elected, our Liberal government will fix the legislation governing the rent increase, and make that increase lower.
The Minister of Housing replied saying that when the Legislature returns in the fall, our Liberal government, if re-elected, will make amendments to the Residential Tenancies Act to bring the rent increase in line with what tenants are facing in the real world.
To read the original story, click here
To read the letter from the Minister of Housing, click here
To discuss this on the Ontario Landlord forums, click here