Pursuits
Toronto's Rent Control Risks Stoking the Red-Hot Housing Market
- Rent caps risk choking supply and boosting prices in Toronto
- Developers relooking at rental-unit plans, struggling to price
Ontario Tries to Temper Rising Toronto Home Prices
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Toronto’s trying to make it more affordable to rent in one of the world’s hottest housing markets. New measures may have the opposite effect.
Ontario’s government is set to impose the most sweeping rent controls in a quarter century, linking annual increases to inflation, with a cap of 2.5 percent, on all buildings as it tries to keep costs under control. The measure, meant to protect tenants from price gouging, could end up making it more -- not less -- expensive to rent in North America’s fourth biggest city.