Worried that too many Ontarians are getting priced out by fast-rising rents and surging home prices, Ontario Kathleen Wynne unveiled sweeping measures Thursday aimed at cooling red-hot markets she admits have become "a problem." It would not apply to transfers of other types of land including multi-residential rental apartment buildings, agricultural land or commercial/industrial land. A rebate of development cost charges to encourage building of more rental housing. A move to identify provincially owned surplus lands that could be used for affordable and rental housing development. The news is no better in the Toronto rental market where some tenants are facing massive and sudden rent increases.

Source: CBC News April 20, 2017 12:25 UTC