Feeds:
Posts
Comments

Archive for December, 2012

UPDATE – Check this link for details related to the 2014 Annual Rent Increase as well as the Automatic Rent Reduction in 2014http://wp.me/pia0J-ZA

__________________________________
Rents will be reduced in 2013 due to the decrease in municipal property taxes. The percentage amount that a tenant can reduce their monthly rent is 0.71%.  This means that tenants can look forward to a small reduction in their monthly rental payments effective December 31, 2012.

Tenants should note that they do not require permission from the landlord or the Landlord and Tenant Board to reduce their rent by 0.71%.  However, as a courtesy, you should discuss how the reduction will be done with your landlord.

More 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 rent reduction applies to tenants in residential properties. The properties excluded from the reduction include public housing, non-profit housing, non-profit co-operatives, 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 these City of Toronto links:  http://www.toronto.ca/housing/tenant_notification.htm and  http://www.toronto.ca/housing/rentlowerfaq.htm,

You can also phone the City of Toronto hotline 311 for further clarification.

————————————————–

NOTES

1. Additional information can be obtained from the Landlord and Tenant Board at TEL: 416-645-8080 or at their website: www.ltb.gov.on.ca

2.  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/

IMPORTANT NOTICE ON LAST MONTH RENT (LMR) – The landlord must pay the tenant interest on the rent deposit every year. Under the Residential  Tenancies Act the interest charged on your last month’s rent will be equal to that year’s Annual Rent Increase Guideline amount. Landlords have the option to add that interest to your last month’s rent deposit or that interest can be applied as a reduction in your annual notice of a rent increase. Check this link: http://www.ltb.gov.on.ca/en/Key_Information/STDPROD_098894.html

Read Full Post »

1)  An emergency meeting of housing advocates will be held on Friday, December 7, 2012 at 1 p.m. at the Wellesley Institute, 10 Alcorn Avenue, Suite 300. The purpose is to discuss and organize around the massive housing cuts in the proposed 2013 City budget. The City’s Shelter, Support and Housing Administration budget includes a $128 million cut including $72 million in provincial and federal cuts and $56 million in cuts proposed by the City.

Budget Committee – You are encouraged to sign up to depute at the Budget Committee to show strong support for the programs and the communities affected. If you can make it to the meeting, please RSVP to beth@socialplanningtoronto.org

NOTE: The Budget Committee’s public hearings are on December 10 and 11. You must register to speak – buc@toronto.ca  or 416-338-5851

For more information about the housing cuts check these links:

www.wellesleyinstitute.com/wp-content/uploads/2012/11/Building-Better-Budgets-Housing-Flip-Sheet.pdf

www.thestar.com/opinion/publiceditor/article/1296458–affordable-housing-takes-huge-hit-in-draft-2013-city-budget

——————–

2) A meeting will also be held at the Scarborough Civic Centre to discuss the 2013 City of Toronto Budget and how the proposed cuts will affect the communityThe Community Consultation will take place: Saturday, December 8, 2012, 2:30pm – 5:00pm, Scarborough Civic Centre (150 Borough Dr)

For more information on the event,  contact Effie at 416-706-4405 or effie@publicinterest.ca

Refer to this attachment for details about the “Scarborough Speaks out” meeting:  Scarborough speaks out-Saturday

Read Full Post »

%d bloggers like this: