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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was first briefly introduced in Ontario under the National Housing Act 1944.After lobbying by business it was repealed in under a decade.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]
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. In 2022 alone, MPAC added more than $37.8 billion to municipal rolls across Ontario through its assessments of new construction and renovated properties.
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
The Tenant Protection Act limits how much landlords and property managers can raise rents annually. Here's this year's maximum increase for many L.A. renters.
Still, this increase is more than triple the 2.2% annual rent increase seen during the same month two years ago. Click here for the latest economic news and economic indicators to help you in your ...
There’s a problem with inflation. It just refuses to go that “last mile” down to 2%, the magic percentage targeted by the Federal Reserve.Economists have widely agreed on one culprit: high ...
Pressure mounts for Ontario to extend rent controls to all tenants by Susan Pigg (Toronto Star, 31 May 2013) Ontario NDP wants to close rent control loophole by William Wolfe-Wylie (Postmedia News, 4 June 2013) Gilderbloom, J. I., and J. P. Markham. 1996. "Moderate rent control: sixty cities over 20 years." Journal of Urban Affairs 18(4):409-10.
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