Tag Archives: rent control

Toronto Star Article: “Toronto’s Rents Were Supposed To Drop”

Recently the Toronto Star published (on March 21, 2021) a long article examining vacancy rates and average rents across the city of Toronto. You can read the article via the link below (the article might be behind a paywall). https://www.thestar.com/news/gta/2021/03/20/toronto-rents-were-supposed-to-drop-as-people-fled-the-city-during-covid-19-the-data-tells-a-much-different-story.html This article uses data gathered by CMHC and explains that in most neighbourhoods in Toronto average rents increased from 2019… Read more »

Update: How Is Ontario’s Rental Housing Industry Weathering The Pandemic Downturn?

Back on May 5th I wrote a post in which I speculated about the short, medium, and long term affects of the pandemic on Ontario’s rental housing industry. Do I stand by my predictions? Do I think something else might happen? Generally speaking, I stand by what I wrote… mostly. I think my short-term predictions were fairly sound, even if… Read more »

How is Ontario’s Rental Housing Industry Weathering the Pandemic Downturn?

Last year, in November, I wrote a post asking “Is the rental housing industry recession-proof?” In that post I mentioned that the industry didn’t seem badly affected by the 2008-2009 recession, which was probably a fair conclusion, at least based on what I saw at the time. In that post I also speculated about how the industry might fare in… Read more »

Vacancies & Raising Rents

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In a previous post I referred to a report on rental housing (released by RBC’s economics department) which claimed that vacancies need to be increased if rents are to stabilize or increase at a slower rate. In my comments I said that even in a high vacancy rental housing market there are reasons why landlords would increase rents by significant… Read more »

Two-Tier Rent Control?

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In the post I made yesterday I mentioned an article in the Toronto Star published this past Sunday (November 24th) which discussed rent control in Ontario. The tenants quoted in the article, who are facing “economic evictions” due to the exemption of ‘new’ purpose-built rental buildings from rent control, suggested expanding rent control to include all rentals (ironically, the previous… Read more »

Turning Over A New Building

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This past Sunday (November 24th) the Toronto Star published an article discussing the current provincial government’s reversion back to the rent control rules we’ve had since the late 1990s and the effects on tenants, some of whom are seeing big increases in rents on lease expiry. Of course, tenants in ‘old’ purpose-built rental buildings fall under rent control which means… Read more »

RBC’s Recent Report on Rental Housing: Some Comments

RBC’s economics department recently (September 25, 2019) released a report written by Robert Hogue, a senior economist with the bank, entitled Big City Rental Blues: A Look At Canada’s Rental Housing Deficit. You can download a PDF copy of the RBC report via the following links. http://www.rbc.com/economics/economic-reports/canadian-housing-forecast.html http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/housing_rental_sep2019.pdf Discussions about rental housing are music to my ears, so I downloaded… Read more »