Housing policy, both rental and ownership, has dominated headlines in the Greater Golden Horseshoe (GGH) over the last two years. The Toronto Real Estate Board (TREB) hopes that a vigorous housing policy debate between all three major provincial parties will take place as we move toward the June 7 provincial election.
February Housing Market Charts Available
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB’s MLS® System in February 2018. This result was down 34.9 percent compared to the record 7,955 sales reported in February 2017.
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.