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October 2017 Archives

Decreased rental real estate following new rent controls

The Ontario government is keeping a close eye on the new rent control measures after a new report showed a negative impact from recent changes. Ontario's housing minister has defended the measures, though he assures concerned parties that he is paying attention to the real estate market in light of new rules. According to the Federation of Rental-Housing Providers of Ontario, the expanded regulations may be connected to the 1,000 rental units being cancelled or converted into condos over the summer.

The Ontario Condominium Authority Tribunal

The Ontario Government has created a new administrative condominium authority through amendments to the Condominium Act. The government developed the Condominium Authority Tribunal (CAT) to make dispute resolution easier and more cost-effective for owners and corporations. It will begin operations on November 1, 2017.

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