Comment
The facts are well known about the extent of the housing crisis in Ontario.
Each year in Ontario, 20,000 existing affordable units are lost. In cities like Ottawa it has been estimated that for every 1 unit built 7 are lost.
33% of tenants in Ontario pay more than 30% of their income on rent. Mine's about 50% and my building is run fairly.
It is substantially cheaper to protect existing affordable housing than build new housing from scratch.
In Toronto alone, since the start of the City’s rental replacement policy framework between 4000 and 5000 private market rental units have been secured. This equals between $1 billion to $2 billion of low end of market rental housing saved.
Rents in Ontario went up 18.4% year to year between 2021 and 2022.
Similar to Toronto, the city of Mississauga has a Rental Protection bylaw that ensures replacement of affordable housing lost due to demolition and conversion to condos. Ottawa and Hamilton are on their way to develop their bylaws. Bill 23 will take away these gains that the cities have made in protecting existing affordable housing.
Scrapping or weakening rental replacement rules would be a devastating blow to renters. We need the provincial government to investigate the true costs of eliminating rental replacement bylaws.
Submitted December 7, 2022 7:27 PM
Comment on
Proposed Amendment to O. Reg 232/18: Inclusionary Zoning
ERO number
019-6173
Comment ID
80660
Commenting on behalf of
Comment status