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May 03, 2024, 06:24:52 pm

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Common Tenant Problems - Above Guideline Rent Increases...

This section is for discussing Above Guideline Rent Increases (AGIs).

Above Guideline Rent Increases are a legal process by which landlords can apply to the Landlord and Tenant Board to increase the rent more than the legislated annual rent increase amount.

If you or someone you know is facing an Above Guideline Rent Increase then we strongly suggest that you read this document: So You Just Received your first Above Guideline Rent Increase; this short document explains everything you need to know to get up to speed.

Above Guideline Rent Increases are a complicated subject; for more information see our Quick Guide to Above Guideline Rent Increases

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Author Topic: Over 25% of AGI's come from just 5 Landlords  (Read 139 times)

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Jojo

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Over 25% of AGI's come from just 5 Landlords
« on: April 21, 2024, 11:54:51 am »

this CBC article about Above Guideline Rent Increases great!

Just a few big landlords come up, again and again, in analysis of Ontario rent hikes

Quote
Newly released data from Ontario's rental housing tribunal analyzed by CBC News shows that fewer than two dozen corporate landlords filed most of the applications to raise rents above provincial guidelines for most of 2022 — which one Toronto housing lawyer says is a sign of the increasing concentration in the province's rental market.

CBC News found that 20 landlords filed over half of the 470 applications in the first eight months of 2022, with the top five filing over a quarter.

Quote
The findings "reflect the fact that rental housing is being concentrated … in the hands of financial investors who have this stated and admitted purpose of generating a profit," said Philippa Geddie, supervising lawyer of the housing division at Downtown Legal Services, a Toronto legal clinic.

Quote
Rent Increases above the Guideline (AGIs), are a common way to pressure longtime tenants to leave, allowing landlords to raise the rent to market rates for new tenants.
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