By Staff
June 30th, 2023
BURLINGTON, ON
New Democrats put out a statement today: Ford’s Conservatives set the rent increase guidelines for 2024 at 2.5%, the highest increase legally allowable under Residential Tenancies Act:
A development that is somewhere in the application to develop pipeline.
“Jacking up the rent for millions of Ontario renters is only going to make the Ford Conservatives’ housing affordability crisis worse”, said the NDP in a statement they released earlier today.
“2.5% is a huge increase, especially when you consider that rent is already so high, and most Ontarians’ wages haven’t kept up.
“And if you’re in a rental first rented on November 15, 2018 or later, the sky’s the limit as far as how high your rent can go up, thanks to the Ford Conservatives’ massive loophole.
“We need a comprehensive strategy to solve our housing crisis, starting with bringing back strong rent control on all homes, including vacancy decontrol—where a new tenant pays the same rent as the previous tenant. The Ontario NDP would invest immediately in affordable housing, take steps to curb greedy speculation, and spur the construction of 1.5 million new homes for Ontarians.”
The Ford government has argued that developers cannot afford to build rental housing with the current rent guidelines.
Ford seems to have stockpiled billions of dollars at the expense of health and education. Presumably to pay for an unnecessary highway and some pet projects at Ontario place. Why? Follow the money.