UPDATE: A reduction in rent will also apply for the year 2013. For more details refer to this link: http://www.eastyorktenantsgroup.com/2012/12/13/automatic-rent-reduction-in-2013/
———————————————————–
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 welcome any reduction in rental payments in these troubled economic times. This modest decrease comes at an opportune time for tenants since the 2012 Rent Increase Guideline of 3.1% is a substantial increase compared to what was allowed in recent memory.
Tenants should note that they do not require permission from the landlord or the Landlord and Tenant Board to reduce their rent by 0.79%. However, as a courtesy, you should discuss how the reduction will be done with your landlord.
Incidentally, not all residential properties are affected by this rent reduction. Information about this decrease in property taxes and the reduction in rent has been mailed out by City of Toronto only to tenants who qualify for the reduction. The properties excluded from the reduction include public housing, non-profit housing, etc. For more details on how this reduction is to be applied and to see if you qualify for a rent reduction you should check: http://www.toronto.ca/housing/rent-lower.htm. For your convenience a sample calculation is provided at that website. You can also phone City of Toronto hotline 311 if you have questions.
————————————————–
NOTES
1. The Federation of Metro Tenants’ Associations (FMTA) has posted a Q & A that provides clarification about the rent reduction. Check this link: http://www.torontotenants.org/news/automatic-rent-reductions-2012-questions-and-answers
2. This reduction in rent is covered under Section 131 of the Residential Tenancies Act. Refer to this link: www.ltb.gov.on.ca
East York Tenants Group 
.79%, well this is somewhat of a good news, should have been more. I have a slum lord who refuses to do repairs and this dive is not worth the money… bring back rent control! please! Happy New Year!
While rent controls might result in lower rents, the annoying issue of lack of repairs should be taken to the Landlord and Tenant Board as soon as possible. You should not tolerate these awful slumlords. Get together with a group in your building and file a T6 with the Landlord and Tenant Board – you can request a rent rebate as well as request that the landlord pay a fine for the violations. Go to these links for information about how to get repairs done and also how to file a T6:
Click to access Getting%20Repairs%20Done%20RTA.pdf
and
Click to access stel02_111581.pdf
https://eastyorktenantsgroup.com/residential-tenancy-act/form-t6-application/
This information is very important – tenants should be wary of those landlords who tell them it is nonsense and to toss out the noficiation of rent reduction from the City of Toronto. In the past a number of tenants in some building were misled and missed out on the reduction.
A reduction in rent no matter how small makes me happy. The next 12 months I cna save almost $90