1.12.02 - “When it comes to rent control, we’re going to maintain the status quo”
In late 2018, the Ontario government amended the Residential Tenancies Act to exempt new buildings from rent control. The government continues to defend this decision, arguing that it has spurred more housing development. As this is change from the status quo the promise is broken.
“Progressive Conservative Leader Doug Ford removed rent control on new units after taking power in 2018. […] A spokeswoman for the Progressive Conservatives defended the decision to remove rent control on new units, saying it actually served to spur more building.”
“The Ontario Government says it is lifting rent control on new buildings, in an effort [to] […] open up the rental market. The new measure applies to units ‘if no part of the building, mobile home park or land lease community, or no part of the addition, was occupied for residential purposes on or before November 15, 2018.’ [Ontario Minister of Economic Development, Job Creation and Trade, and Chair of Cabinet] Vic Fedeli stressed the move only applies to ‘new builds.’ ‘To be very, very clear, existing buildings continue to have their rent controlled, this is for new builds and I would expect that buildings that are started fresh,’ he said. ‘Everybody who is an existing tenant today is protected,’ he said.”