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Toronto Community Housing Corporation (TCHC) is a public housing agency in Toronto, Ontario. It is the largest social housing provider in Canada with over 58,000 units across 2,100 buildings and approximately 105,000 residents. [1] It is the second-largest housing provider in North America, behind the New York City Housing Authority. [2]
At the same time private affordable rental stock across Canada was low. In many cities the vacancy rate for affordable rental units was less than 1%. [10]: 36 According to reports in 2006 and 2010, the gap between incomes of the upper quintile and lower quintile reached unprecedented extremes in the 21st century.
An inadequate supply of affordable housing stock increases demand on the private and social rented sector, and in worse case scenarios, results in increased homelessness rates. [52] Homelessness rates are correlated with higher rents, especially in areas where rent exceeds 30% of an area's median income. [53] [54]
This is a list of publicly traded and private real estate investment trusts (REITs) in Canada. Current REITs. REIT [1] Traded as (TSX) Profile Major tenants/properties
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
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was first briefly introduced in Ontario under the National Housing Act 1944.After lobbying by business it was repealed in under a decade.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]
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