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The bill made a number of amendments to the Residential Tenancies Act, 2006 and the Housing Services Act, 2011, including giving landlords the power to offer tenants take-it-or-leave-it repayment plans, bypassing the Landlord and Tenant Board, and allowing landlords to make applications for arrears of rent up to twelve months after the tenant left the rental unit.
The housing market experienced a brief slowdown during the onset of the pandemic, especially for condos in larger cities. [45] In response to the pandemic, the Bank of Canada slashed interest rates three times in one month [46] and reduced the mortgage "stress test" rate, which enabled buyers to qualify for slightly larger mortgages. [47]
The following had been the provincial governmental response to the COVID-19 pandemic in Ontario. Personal protective equipment donation tent at North York General Hospital . COVID-19 safety notice on playground equipment at a park in Vaughan An Alert Ready message sent out on March 27, 2020 as seen on an iPhone 11 using iOS 13 .
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Ontario began a slow lifting of lockdown measures in early summer, before the fourth wave of the virus hit. Ontario reported 573 new cases of COVID-19 on Friday. Canadian province of Ontario to ...
The premier of Canada's largest province, Ontario, declared a state of emergency this morning, banning public gatherings and closing restaurants among a spate of measures to slow the spread of the ...
The COVID-19 pandemic in Ontario was a viral pandemic of coronavirus disease 2019 , a novel infectious disease caused by severe acute respiratory syndrome coronavirus 2 . The first confirmed case of COVID-19 in Canada was announced on January 25, 2020, involving a traveller who had recently returned to Toronto from travel in China , including ...
Since the beginning of the COVID-19 pandemic in 2020, house prices saw a significant increase of over 34%. [25] By 2023, the low supply of housing including rental units, across Canada also caused rents to soar. [26]