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Archive for the ‘Affordable rental housing’ Category

Many high-rise apartment buildings around the GTA are currently undergoing major renovations and repairs of balconies. Most balconies tend to be made of metal with concrete slabs and are subject to wear and tear and rusting. Landlords and property owners deem these renovations and repairs are necessary to maintain the infrastructure and revitalize the appearance of the buildings. Hence these renovations are deemed ‘capital expenditure work’ under the Residential Tenancies Act.

Refer to: http://www.sjto.gov.on.ca/ltb-december-19-2016-new-approach-applications-rent-increase-guideline/

Given that the Above Guideline Increase regulations of the Landlord and Tenant Board (LTB) deem renovation of balconies as ‘capital expenditure work’, the landlord has rights to renovate their property. The landlord will incur substantial costs from these renovations and the upshot is that the landlord can apply for an Above Guideline Increase and pass these costs on to their tenants. But. are those balcony renovations necessary, essential or cosmetic?

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G. W. Kassa, Guest contributor

One of the biggest tasks facing the Greater Toronto Area (GTA) is providing enough affordable rental housing to accommodate the needs of its growing population. We all know food, clothing, and shelter are the necessities for our survival. However, obtaining and maintaining these needs, and juggling between them continues for many renters in the GTA. This is especially relevant given the current economic climate and the tremendous need for rental housing from an increasing population.

An important part of this discussion concerns families who earn incomes above the low-income guidelines, yet close to considered middle or median income. The inability to find affordable rental housing has become the new reality for this group with the rising costs in the rental market and without the wage increases. Hence many renters resort to sharing rental units with several others in need of affordable housing which resulted in heavily overcrowded rental units. Also, this rental housing crisis has been exacerbated by the lack of TCHC subsidized housing which was further compounded by unheeded need for massive repairs and renovations of TCHC rental buildings.

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