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Rent regulation was first briefly introduced in Ontario under the National Housing Act 1944.After lobbying by business it was repealed in under a decade. The modern history of rent controls began in July 1975 when the Residential Premises Rent Review Act 1975 was enacted after the demand for rent controls became a major issue in the period leading to the 1975 provincial election. [2]
Major tenants/properties Allied Properties REIT AP.UN: Office Artis AX.UN: Diversified: Artis REIT Residential Tower: Boardwalk REIT: BEI.UN: Residential
The buying and selling of property is normally done through a real estate agent who work on a financial commission and act as a broker between buyer and seller. As well as brokers, the sale of property can be done with the aid of a lawyers (commercial sales), notaries (Quebec), surveyors, title insurers or third party consultants. [2]
A commercial leasing agreement is also called a commercial property, commercial real estate, business, industrial, and office space lease. [1] The individual in ownership of the property to be rented is called the lessor or landlord. [2] The lessee or tenant uses and rents the property owned by the lessor and provides them with monetary ...
Starlight Investments is a privately-held Canadian real estate investment and asset management company based in Toronto, Ontario.As of 2024, Starlight owns 70,000 multi-family units (54,000 in Canada [1] and 10,000 in the United States), 8 million square feet of commercial space, and over 600 properties across Canada. [2]
They indicated that property assessments for the 2022 and 2023 property tax years will continue to be based on the fully phased-on January 1, 2016, current values. In August 2023, the Ontario government announced that it was postponing a provincewide property reassessment as it conducts a new review of the accuracy and fairness of the system.
The sales would mainly be in smaller urban centres; the company plans to focus on the six largest Canadian cities of Toronto, Montreal, Ottawa, Calgary, Edmonton, and Vancouver. [17] At the time of the announcement, RioCan had 299 properties, and it plans to sell about 100. [17]
In 2011, TCHC initiated a program of selling off units and other assets to delegate the proceeds to the backlog of building repairs. In 2012, the Ontario government approved the sale of 65 properties. Toronto City Council approved the sale of 55 properties in October 2012. By 2013, TCHC still estimated $751 million in repairs needed for its ...