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Rent regulation was first briefly introduced in Ontario under the National Housing Act 1944.After lobbying by business it was repealed in under a decade. The modern history of rent controls began in July 1975 when the Residential Premises Rent Review Act 1975 was enacted after the demand for rent controls became a major issue in the period leading to the 1975 provincial election. [2]
The bill made a number of amendments to the Residential Tenancies Act, 2006 and the Housing Services Act, 2011, including giving landlords the power to offer tenants take-it-or-leave-it repayment plans, bypassing the Landlord and Tenant Board, and allowing landlords to make applications for arrears of rent up to twelve months after the tenant left the rental unit.
Rent control in Ontario formerly only applied to units that were first built or occupied before November 1, 1991. [4] If the rental unit was in an apartment building constructed (or converted from a non-residential use) after November 1, 1991, then the rent control provisions of the Residential Tenancies Act, 2006, did not apply. [5]
The Tenant Protection Act limits how much landlords and property managers can raise rents annually. Here's this year's maximum increase for many L.A. renters.
According to the State of Oregon’s Department of Administrative Services, the allowable rent increase percentage is 9.9% for the 2022 calendar year. Previously, it was 9.2% in 2021.
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Despite the breadth of and critical praise for the initiative, [9] as well as the administration's claim that the largest number of homes since 2006 were built under the plan, critics pushed against the administration for not leading enough on bipartisan negotiations with Congress, [10] and not working hard enough with the private sector to bring down housing costs.
Rental inflation 'important to monitor' The Consumer Price Index (CPI) — the government's widely-watched gauge for inflation — notched another 40-year high in June.