Newly released data analyzed by CBC News shows that fewer than two dozen corporate landlords filed most of the applications to raise rents above provincial guidelines for most of 2022 — which one Toronto housing lawyer says is a sign of the increasing concentration in the province's rental market.A CBC data analysis looks into which corporate landlords applied most often to raise rents above provincial rent control guidelines in 2022.
Landlords can "capitalize on situations where a building has been left derelict for a period of time or where necessary maintenance hasn't been done," which can be used to justify an AGI, she said.The data enumerates each AGI filed to the Ontario Landlord and Tenant Board between January and August 2022.
"We already cut cable and phone lines with Rogers because we needed to save money for my dad's treatments."Michael Cuadra, head of a tenants' union at Starlight Investments-owned 1465 Lawrence Ave. W. in Toronto, says his neighbours who struggle with English need help navigating negotiations at the Landlord and Tenant Board.
"If I owned a restaurant, I would not directly charge my customers for me to fix a broken oven," he said."I don't think using it in good faith, not in the numbers we've seen," said Norma-Jean Quibell, co-chair of the West Nepean ACORN chapter in Ottawa. "Sustainability, maintenance, safety, and overall quality and reliability" are "very important" to Hazelview, said Colleen Krempulec, the company's head of sustainability and brand.
The spokesperson said that, with an average land rent of $616 a month, most of the company's AGIs amounted to less than one per cent increase, or under $5 a month.Realstar and Hazelview also referred questions to the Federation of Rental-housing Providers of Ontario , whose members collectively own and manage about 350,000 rental homes across the province.
"What's notable about larger landlords driving the increase in AGIs is not that they have larger portfolios, but that they're using above guideline rent increases as a strategy to maximize profits," said Zigman.Although tenants can dispute an AGI at the LTB, the vast majority pass. Reviewing 2,253 completed AGIs released by the LTB — both provincially since 2017 and in the Toronto area since 2010 — CBC News found that 1,978, or 88 per cent, were granted.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SooToday - 🏆 8. / 85 Read more »
Source: CBCTBay - 🏆 42. / 63 Read more »
Source: CBCToronto - 🏆 51. / 61 Read more »
Source: CBCTBay - 🏆 42. / 63 Read more »
Source: SooToday - 🏆 8. / 85 Read more »
Source: sudburydotcom - 🏆 6. / 89 Read more »