Condos for Rent | Tenant Beware : Home or Problem? Vol 1.

Shelter Costs Increase

The rate of maximum rent increase for 2020 is based on the Ontario Consumer Price Index compiled by the Federal Government in Ottawa. The statistics are by province and national. The August cost increase in shelter year over year between the nation (2.4%) and Ontario (3.1%) is a 29% increase.

Condominium Corporations with a financial year (fiscal) beginning in January may already have their Boards of Directors directing property managers to keep condo fee increases reasonable in relation to current shelter costs.

For renters however, the province has set the year over year rent increase from 1.8% to 2.2% which is a difference of 22% and the largest since 2013. In the article below are the exceptions to the guidelines and a table of past increases.

Rent increase guideline

The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board. Source: © Queen’s Printer for Ontario

CAT Out of the Bag

A refreshing summary of all the recent activity at the Condo Authority Tribunal.

Summer Reading: Condo Authority Tribunal (CAT) Edition

On April 11, 2019, I wrote about some of the Condo Authority Tribunal (CAT) decisions so far. Some of the highlights include the dismissal of claims that were vexatious, the adoption of the “open book” principle enumerated in previous case law, and confirmation that owners may access the list of owners. You can read the post here. The CAT has been busy since my previous post, releasing another 16 decisions in the last four months! Source: Michelle Kelly, Robson Carpenter LLP