Doug Ford Scales Back Rent Control In Ontario - How Will It Impact The Market? скачать в хорошем качестве

Doug Ford Scales Back Rent Control In Ontario - How Will It Impact The Market?

Will removing rent controls in Ontario be a good thing? Or will tenants put more value on a building with controls in place? Subscribe Link - https://goo.gl/yNmuxA Link - torontolivings.com/doug-ford-scales-back-rent-control-in-ontario-how-will-it-impact-the-market ---------------------------------------­----------------------------------------­--------------- Description On November 15th, 2018 Doug Ford and the Conservative Government announced plans to scale back rent control in Ontario. The plan will reverse the April 2017 "Rental Fairness Act" originally put in place by Ontario’s then-Liberal government which expanded rent control to all private rental units in Ontario. The new policy will not impact all units in Ontario but rather all newly built units occupied AFTER November 15th, 2018. That means that if you're planning on renting a unit that was built and occupied PRIOR to November 15th, 2018 - these changes will not impact you at all, and rent control will continue to be in place.  Units that are subject to rent control can only increase the monthly rental rate by a predetermined amount set by the government each year. For units without rent control - the skies the limit! Our first reaction to the change was that this would be HUGE news for the pre-construction market. On the surface, a condo with no rent control seems very appealing to condo investors.  But digging a bit deeper reveals that possibility of the opposite being true...   Toronto has hundreds of thousands of units that are already subject to rent controls. These new changes would only impact future units, which would represent a very small percentage of units in the city. Tenants will have a much bigger pool of rent-controlled units to choose from compared to those that are not.  Our thinking is that a unit that is subject to rent control would offer far more stability in the mind of a potential renter.  The long-term benefit to them would make these units in much higher demand than a unit without a rent cap. The other thing to remember is that governments change… and just as the last introduced rent control to all units, the same happen in the next election.  We still think the pre-construction market offers many valuable ways to build equity and wealth, but are cautious in recommending investors buy solely on this policy change! ---------------------------------------­----------------------------------------­--------------- Find Your Next Property http://www.torontolivings.com/search-... ---------------------------------------­----------------------------------------­--------------- FOLLOW US Twitter:   / toronto_livings   Instagram:   / torontolivings   Facebook:   / torontolivings   Google Plus: https://plus.google.com/+Torontolivings1 ---------------------------------------­----------------------------------------­--------------- Music: Rock Angel by Joakim Karud   / joakimkarud   Creative Commons — Attribution-ShareAlike 3.0 Unported— CC BY-SA 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library    • Видео