The Toronto Real Estate Board is encouraged that Mayor John Tory is making housing affordability a priority for himself and for City staff.
Toronto Real Estate Board President Tim Syrianos announced that the average selling price for condominium apartments sold through TREB’s MLS® System was up by nine per cent year-over-year to $533,447 in the first quarter of 2018.
Toronto Real Estate Board President Tim Syrianos announced that average rents for one-bedroom and two-bedroom condominium apartment rental units were up well above the rate of inflation on a year-over-year basis in the first quarter of 2018.
Provincial Government Introduces New Standard Lease for Rentals
February 8, 2018 -- As part of Ontario's Fair Housing Plan and Rental Fairness Act, the provincial government is introducing a new standard lease that will be mandatory for private residential leases signed on or after April 30, 2018, including tenancies in single and semi-detached houses, apartment buildings, rented condominiums and secondary suites (such as basement apartments).
A copy of the new standard lease is available by clicking here. It is important to note that this standard lease form does not apply to most social and supportive housing, retirement and nursing homes, mobile home parks and land lease communities, or commercial properties. The government will develop separate standard leases to address these other types of residential tenancies.
The OV NAP is a broad based community-led organization with a mandate to work together with residents, businesses, agencies and City representatives to improve neighbourhood well-being and active communication, coordination & service delivery.
Their site is an active archive of the OV NAP. Here you will find records of past OV NAP meetings, related City of Toronto and Provincial reports, and practical tools and resources for civic engagement. You are invited to explore the site and utilize the resources found there.