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April 19, 2024, 12:14:51 pm

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Questions not Covered Here?

If you have questions about your rights as a renter or are having problems with your landlord, then there are several terrific sources of reliable information available:
  • The Federation of Metro Tenant Associations (FMTA) is a renter advocacy organisation here in Toronto that has many experts who can answer your questions either by telephone (416-921-9494), postal-mail, or e-mail (hotline@torontotenants.org).

  • If you have questions about hearings at the Landlord and Tenant Board (LTB), either because you or your landlord has scheduled a hearing or you are considering filing a complaint (“tenant application”) at the LTB, there are lawyers and community legal workers who can help. There is no cost for their service. These Tenant Duty Counsel advisors are available at most LTB offices (COVID permitting), and are also available to speak with by telephone.

  • You can also speak with a layer at your local Community Legal Clinic (CLC) office. Your local CLC can provide you with legal advice or connect you with legal representation. Each CLC office services a specific area of the city; check their webpage for more information. It is usually best to visit during one of their “Drop In” times, if they have them. You can try telephoning, but these are busy offices, so it is usually faster to drop in than to call. You can find the CLC office that services your area by following this link.


Author Topic: What Toronto’s proposed property tax increase means for renters  (Read 434 times)

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Richard

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Richard

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Re: What Toronto’s proposed property tax increase means for renters
« Reply #1 on: January 29, 2024, 09:08:39 pm »

** BIG NEWS **

Mayor Olivia Chow has indicated that she is going to keep the Toronto property tax increase for multi-residential dwellings (apartment buildings) capped at 3.75%, which means that landlords will not be able to apply for Above Guideline Rent Increases to recoup the tax increase cost.

Here's an article from the Toronto Star about her decision:
   Mayor Olivia Chow to soften tax blow for renters in 2024 budget

This is terrific news for the nearly 50% of Toronto residents who are renters, because it means we will be spared huge rent increases this year.

(Just to be clear, the "Guideline Rent Increase Amount" is going to be 2.5% for 2025, which is high, but this news from our Mayor means that the rent increase won't be higher, which it would have been if the tax increase was above 3.75%.)

 

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