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Toronto Regional Real Estate Board Communication Province Introduces Rent Freeze Legislation for 2021; Proposes Extension to Ban on Commercial Evictions The Ontario government is also introducing a rent freeze for residential tenants and extending the eviction freeze for small businesses. If passed, Bill 204, Helping Tenants and Small Businesses Act will freeze rent through 2021 for most rent-controlled and non-rent-controlled residential units.... The freeze would also apply in cases where landlords have already given their tenants notice of increased rent for 2021, and the proposed legislation would cap rents that are geared to a household's income at 2020 levels. There are exemptions, including certain above-guideline increases approved by the Landlord and Tenant Board where a property owner is repairing or upgrading a building, or cases where a landlord and tenant agreed to a rent increase in exchange for extra services or facilities, such as added air conditioning or parking. Above-guideline increases wouldn't be allowed due to increases in municipal property taxes unless they were approved by the Landlord and Tenant Board before the bill becomes law. For 2021, the maximum increase would have been 1.5 percent. That will be reduced to zero for next year, although landlords can give notice of increases 90 days in advance, to take effect January 1, 2022. Bill 204, Helping Tenants and Small Businesses Act also proposes to change the Commercial Tenancies Act to extend the temporary ban on evictions for commercial tenants until October 30, 2020 to provide more support to small businesses impacted by COVID-19. The ban was initially in place from May 1, 2020 to August 31, 2020, to align with the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This temporary ban would continue to apply to businesses that are eligible for federal-provincial rent assistance through the CECRA for small businesses, but their landlord chose not to apply for the program. This legislation is expected to become law in the fall. We will continue to monitor how Bill 204 moves through the legislative process, and will update our Members accordingly.

The Ontario government has introduced legislation that would freeze residential rent prices next year. Premier Doug Ford made the announcement on Thursday saying that if passed fees would not increase for the province’s 1.7 million renters between Jan. 1 and Dec. 31. This is a difficult period for everyone, especially for families who are struggling right now, Ford said. The last thing I want any family to worry about right now is whether or not they can afford to stay in ...their homes. As a result, landlords and building owners will not be permitted to increase rents to the maximum allowable increase of 1.5 per cent for the next calendar year. The bill, dubbed the ‘Helping Tenants and Small Businesses Act,’ also proposes changes to the Commercial Tenancies Act to extend the temporary ban on evictions for commercial tenants. Ford said that the ban on commercial evictions would extend as far as Oct. 30 to provide more support to small businesses impacted by COVID-19. We won’t rest until every person, every business, every community can get back on their feet, Ford said. The ban was initially in place from May 1, 2020 to Aug. 31, 2020. Phil Tsekouras, CP24.com Published Thursday, September 17, 2020 3:38PM EDT

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