Monday, August 13, 2018

Ford's Cannabis Announcement Hopeful News for Landlords in Ontario

It looks like a big win for Ontario landlords with Premier Ford's announcement this afternoon re: Cannabis sales and use in Ontario. The announcement revealed a complete reversal of the former government's proposed government monopoly on sales, and will open up Cannabis sales to the private sector, starting first with online sales. The Ontario Cannabis Store will be launching an online retail store and begin to establish a wholesale distribution network to supply cannabis to legal private stores in Ontario once legislative requirements are put in place. It sounds to me like there will be no dedicated Ontario Cannabis brick and mortar stores.

Wednesday, July 11, 2018

Landlord's personal use N12 Notices need some scrutiny

The Landlord Tenant Board’s (the ‘LTB’) N12 notice of termination has been around since June of 1998.  The N12 notice is served to a tenant to advise them (among other things) that the landlord or a family member intends to move in 60 days later.  The tenant does not have to move out when they receive the notice, but the landlord may file an application to the LTB for a hearing and prove their genuine intentions.

Thursday, July 5, 2018

Sample Letter to new Minister of Housing Steve Clark

July 5th, 2018

The Honourable Steve Clark
Minister of Municipal Affairs and Housing
777 Bay St., 17th Floor
Toronto, ON
M5G 2C8

Dear Minister:

I am writing you as a small landlord in Ontario, looking to you for assistance in navigating Ontario’s difficult and complicated residential tenancy laws.  The playing field became even more unbalanced following the previous government's passing of the inaptly named Rental Fairness Act in 2017.  Small landlords are hurting, and many are leaving the industry.  The need for inexpensive low-rent basement apartments has never been more pressing, yet small landlords are being forced out of the business.

Thursday, June 28, 2018

New Smoking Rules in Condos can put Investors in Jeopardy with their Condo Corp.

Are you a condo investors? If so, you need to be aware of the consequence of the new Federal and Provincial cannabis legislation and how it may affect your rights as a landlord and investor.

Saturday, June 23, 2018

Ontario Landlords must now use the Standard Government Lease

Written tenancy agreements for Ontario's residential landlords have been inconsistent and confusing.  Existing leases are jam-packed with illegal clauses and in some cases, there is no written lease at all.  Some small landlord investors are of the mistaken belief that it was easier to terminate tenancies if there is no written lease.  Too many people buy off-the-shelf leases that don't conform with Ontario law, and that gets them into trouble because they think the terms can be enforced.

Monday, June 18, 2018

Rent control changes don't have to be all or nothing

Back in 2017 when CBC reporter Shannon Martin first started her crusade against the rent guideline exemption for post-1991 buildings, it was clear to me that the good times were over for developers.  But it worried me, as incentives are needed if purpose-built rentals are to be built, rather than condominiums.  Condos are too attractive when held up against rentals, as developers get their money out quickly without the risks of government intervention in the rental market over a long period.

Friday, June 8, 2018

Premier-Designate Ford...Here's a Fix for the Rental Housing Availability Crisis

Whatever your politics, it is a fact that Doug Ford and the Progressive Conservatives will soon form the government in Ontario.  And whatever your perspective, we have an affordability and availability crisis in the rental housing sphere, particularly in urban areas.  Some blame it on speculation, some on foreign buyers, but those of us in the trenches know that there is another, much bigger factor at play...fear of being a landlord in Ontario.

Friday, June 1, 2018

How Should Landlords Handle Interim-Occupancy Rent in Condos

Under the Residential Tenancies Act, (the 'RTA') the rent first charged when the tenant moves in becomes the lawful rent. This is the basis of vacancy de-control, our Ontario system of rent control. From that point forward, rent can only be increased in accordance with the RTA.

Tuesday, April 17, 2018

Conduct Issues with Condo Tenants Requires Fast Action...Or Else!

Ontario's Condominium Act is undergoing significant changes, but one thing hasn't changed.  About 50% of the units in condos are investor-owned rentals.  And sometimes a tenant creates problems for other owners or residents.

I have a lot of clients who are owners of condos, bought for investment purposes, who run into trouble with tenant conduct issues, usually noise, drunken parties, prostitution etc.  Certainly a big part of the problem stems from the the fact that too many condo investors think of themselves only as investors and not as business owners.  They are both; and they neglect the latter at their peril.

Wednesday, April 11, 2018

Housing Affordability Crisis...A Complex Organic Problem, or a Politically Manufactured Crisis

Just reading the headlines for the last few weeks, you would think we had an intractable and organic housing affordability and supply problem.  Here's just a few snippets Google provided:

⦁    CBC: Ultra-low rental vacancy rates highlight "desperate" struggle to find affordable Housing