The Ontario NDP has introduced a new bill that it hopes will stabilize rents in the province while cracking down on “renovations.”
The Rent Stabilization Act: Pay What the Last Tenant Paid was unveiled at a series of NDP MPP press conferences in London, Ottawa and Toronto.
During an announcement near Western University, London North Center MPP Terence Kernaghan said that if passed, the proposed legislation would ensure that when a new tenant moves into an apartment, they will be charged the same rent as the previous tenant. .
The only price increases allowed would be those linked to government-regulated increases that are based on annual inflation.
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“One of the most common stories I hear from tenants is that when they move in, their apartment comes back on the market and costs $ 200 to $ 400 more,” Kernaghan said.
“The new rent is hundreds of dollars more, even though there hasn’t been a single upgrade or upgrade.”
The MPP added that Ontario has seen an increase in “renovations,” which it describes as a practice where “landlords will evict their current tenants, make some improvements to the unit, and then charge exponentially more rent.”
“A good tenant shouldn’t lose their home to this and this bill would remove that profit incentive for landlords and keep reliable tenants housed in,” Kernaghan said.
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In 2018, the Ontario government introduced legislation that rent control ruled out in new construction that are occupied for the first time after November 15, 2018.
Apartments that are under rent control must follow Ontario’s rent increase guideline, which is capped at 1.2 percent by 2022.
The province enacted a rent freeze for 2021 that will expire at the end of the year, but advocates are pushing for an extension as the COVID-19 pandemic progresses.
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