Toronto’s top housing official wants to see the end of an Ontario rule that allows landlords to raise rents by any amount between tenants — arguing the change could help curb the financial incentive for landlords to eject long-term renters. It’s a rule tenant advocates have long said increases instability for tenants, who fear it gives their landlords an incentive to push them out if they’re paying lower rents. Some officials, however, argue it’s necessary to encourage investment in the rental housing sphere. “The primary objectives of these activities are to preserve the city’s affordable and mid-range rental housing supply and help support tenants who are at risk of being evicted,” Bond wrote. It is the first time housing staff have formally backed the rule being changed, confirmed city spokesperson Siobhan Ramsay.

Source: thestar July 18, 2022 15:13 UTC