Is Ontario about to effectively end rent control?

Ontario’s new bill could loosen rent control, giving landlords more flexibility but raising affordability concerns.

Ontario’s government introduced legislation that could significantly alter how rent control is applied across the province. The proposal may allow landlords to bypass certain restrictions on rent increases, particularly for new or vacant units. Industry advocates believe the move will incentivize property development and relieve pressure on landlords facing inflation and rising costs, while critics warn it could exacerbate affordability challenges for tenants. https://www.mpamag.com/ca/mortgage-industry/industry-trends/is-ontario-about-to-effectively-end-rent-control/554325?utm_source=chatgpt.com