Purpose-built rental housing

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Purpose-built rental housing

Joedelay Highhoe Offline

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Joined: Jun 2020
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08-02-2022, 01:29 PM

(08-02-2022, 12:07 PM)tomh009 Wrote:
(08-02-2022, 10:30 AM)Joedelay Highhoe Wrote: It's a real shame that none of these new builds will be rent controlled. Certainly takes all of them off my radar as a renter, at least until supply catches up with demand and rental prices stop skyrocketing. Maybe in the 2100's sometime.

Rent control does apply to these as well. It limits the increases but there are no restrictions on what rent can be charged on a new build.

Correct me if I'm wrong, but if you go here (https://www.ontario.ca/page/residential-rent-increases), it says:

"New buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018 are exempt from rent control. "

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