The decrease in municipal property taxes will result in a reduction in rent for tenants in residential properties. This means that tenants can look forward to a small reduction in their monthly rental payments effective December 31, 2011. Although the decrease in rent of 0.79% seems to be an insignificant amount most of us will [...]
Archive for the ‘2012 Rent Increase Guideline’ Category
Property Taxes Decrease and Rent Reduction in 2012
Posted in 2012 Rent Increase Guideline, Property tax decrease, Rent reduction 2012, Residential Tenancies Act, tagged 2012 Rent Increase Guideline, Property tax decrease, Rent reduction 2012, Residential Tenancies Act on December 18, 2011 | 4 Comments »
Fire Safety in Apartment Buildings
Posted in 2012 Rent Increase Guideline, Apartment Safety, Building Code, Fire regulations, Fire safety, Second-hand smoke, Smoke free housing, tagged 2012 Rent Increase Guideline, Apartment Safety, Building Code, Fire regulations, Fire safety, Smoke free housing on December 18, 2011 | 4 Comments »
The recent fire at 500 Dawes Road once again raises the issue of adequate fire safety regulations in apartment buildings, especially older buildings that might not meet current City of Toronto building regulations. According to news reports, the fire started in the elevator shaft of the building where the superintendent and a maintenance man were [...]
2012 Rent Increase Guideline
Posted in 2012 Rent Increase Guideline, Above Guideline increase, Andrea Horwath, Consumer Price Index, Inflation, Municipal Affairs and Housing, Statistics Canada, Tim Hudak, tagged 2012 Rent Increase Guideline, Above Guideline increase, Andrea Horwath, Consumer Price Index, FRPO, Inflation, Tim Hudak on July 31, 2011 | 10 Comments »
The announcement by the Ontario Government of a 3.1% rent increase in 2012 is cause for concern among most tenants, especially those tenants surviving on modest incomes. Landlords can increase rents by 3.1% without making an application to the Landlord and Tenant Board in 2012. The explanation for this dramatic increase in the annual rent increase guideline [...]
