Jeopardizing Rental…

Jeopardizing Rental Replacement

The amendment to s. 111 of the City of Toronto Act would empower the Minister of Municipal Affairs and Housing to unilaterally limit the City of Toronto’s much-lauded rental replacement policy.

The Rental Replacement Policy ensures that when rental apartments are demolished to make way for new development, the tenants are entitled to a replacement unit of roughly the same size and type in the new development, at the same rent as before – as well as temporary accommodation at the interim.

In the absence of the Rental Replacement Policy, construction of much-needed new housing will frequently result in the displacement of existing tenants who currently pay lower rents, and will require them to enter new leases at rents that will almost always be much higher.

Killing the Toronto Green Standard.

The amendment to s. 114(6) of the City of Toronto Act, and the addition of to s. 114 (1.2) would remove the statutory authority for many parts of the Toronto Green Standard, and narrow its application considerably – potentially making it impossible for the City of Toronto to meet its building emissions targets.