A/C In The Summer – Can Landlords Charge More?

We’ve all been there – a heatwave in the middle of the summer. Relying on airconditioning has become much more of a necessity than a luxury.

Does a landlord have the right to charge extra for air conditioning? What if your hydro fees are included in your rent?

In short, yes. But there are a few exceptions to this.

Under section 123 of the Residential Tenancies Act, a landlord is legally allowed to charge you for the use of an air conditioner. This section allows for a landlord to increase the rent if both the tenant agrees to the addition of a “prescribed service”. If a clause for extra charges is not in the lease, the landlord must get the tenant to pay an increase in rent but will have to go to the Landlord & Tenant board to enforce it.

If a landlord is to charge for additional electricity, it must be included in the monthly rent cost. It cannot be a lump sum for the entire month, and the maximum increase should amount to the cost of the actual service the landlord is providing. A reasonable amount must be negotiated if the exact price cannot be determined.

An illegal charge would be if a landlord were to charge a tenant for an A/C unit that they did not previously charge for.

If you’ve been asked to pay an illegal charge, you may have it resolved here: http://www.sjto.gov.on.ca/documents/ltb/Tenant%20Applications%20&%20Instructions/T1.pdf    

 

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What You Need to Know About the Toronto Rental Market. Rates Rising In Toronto At Fastest Pace In 30 Years!

According to Statistics Canada date, the cost of rental housing jumped by the most in 30 years during January!

Recently the cost of renting an apartment in Canada shot up 0.9 per cent in a single month which was the fastest one-month leap since August 1989.

“This one-month movement reflects price change and not a change in methodology. However, given the new methodology, the variation we see now will be different than what we’ve seen in the past under the previous methodology.

Bank of Montreal analyst, says StatCan’s measure of rental rates has been “subdued for decades” and probably missed the spike in rental rates that has been taking place in recent years.

“The new way they measure it is actually capturing what’s going on,” he said.

And what’s going on is rental rate increases that are quite widespread, spreading well beyond the priciest markets. The latest data on asking rates for apartments from rental site Padmapper shows double-digit increases in 12 of the 24 cities covered.

How much did Toronto Condo Rental Prices Increase?

Asking rates for one-bedroom apartments in Toronto jumped 10.2 per cent over the past year, to an average of $2,270. In Vancouver rates rose 4.5 per cent, to $2,080, and Montreal rents jumped 11.1 per cent, to $1,500.

Moving to Toronto?  Looking for a Rental?  If you are looking to Rent in Toronto know what to expect.  Understanding the average prices of a 1 Bedroom and 2 Bedroom Apartment can help decide on a budget and area.   Looking outside of the downtown core could also help  your search.  Visit Toronto Rentals Condominiums for Lease for fresh rental listing posted dailing, not only in Toronto but in Mississauga, Oakville Brampton and ask far as Hamilton.

What is the Average Toronto 1 Bedroom Condo Rental Rate?

Many experts say the jump in rents over the past two years has to do with the slowdown in the owner-occupied housing market. Many would-be homebuyers have been priced out of the housing market due to the new mortgage stress test or rising interest rates, forcing people to stay in rental housing longer.

At the same time, Canada’s population growth has accelerated over the past few years, leading to the fastest population growth in several decades. A Bank of Montreal report from last year suggested the experts may be underestimating how much new housing Canada needs.

Many in the real estate industry blame rent controls, arguing that laws which prevent large rental rate increases make rental housing a less attractive investment. But supporters of rent controls point out that a lack of rent controls in some markets didn’t result in rental housing being built.

In Ontario, for instance, apartments built after 1991 were exempt from rent controls for many years. But that did not lead to an increase in rental housing construction. However, despite the Ontario government’s introduction of new rent controls in 2017, there has been an increase in purpose-built rental apartment construction around Greater Toronto.

In Toronto, for instance, when rent controls on newer units were removed in the 1990s.  There was no increase in rental housing construction. However, despite the Ontario government’s introduction of new rent controls in 2017, there has been an increase in purpose-built rental apartment construction around Greater Toronto.

Federal parties get involved

The federal Liberal government has outlined a $10-billion plan to support affordable housing across Canada, which would include some 100,000 new affordable housing units over 10 years.

To put that in perspective, that’s somewhat less than the number of new dwellings Canada needs to create every year to keep up with population growth.

The NDP are pushing for a plan to create 500,000 affordable housing units over five years.  But, have not put a price tag to the plan. The Liberals recently voted down an NDP motion on the proposal.

The federal Conservatives have suggested solutions that would increase the supply of new housing.  Loosening regulations on new house construction. They have also suggested they would make it easier to qualify for mortgages.

Relocating to Toronto or Area?   Call our Full Service Rental Department Today, our Luxury Rentals start at $2,000 a month for bachelors and we cover the entire GTA

View some of our feature rental listings at http://www.iTorontoRentals.com
or call us at 416-896-3333 or email sutton@realtor.com

Ask about our Tips for Tenants to find the Best Rentals in Town.

 

For more on this article, visit: https://www.huffingtonpost.ca/2019/03/03/canadian-rental-rates-statcan_a_23682881/

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