Rent control exemptions
With one sentence buried in the 155-page document Ford government is exempting all new rental housing from any rent controls if they were “first occupied after today.”
Rental units already occupied prior to Thursday will be covered by rent controls limiting increases to the rate of inflation.
Officials in the technical briefing provided to reporters could not specify if the measure was specifically for newly-built rental housing or newly-occupied rental housing.
Fedeli told reporters “everybody who is an existing tenant today is protected,” and that the rules continue to cover all “existing buildings.”
But according to the text of the legislation tabled Thursday, if a landlord creates a new rental unit in an existing detached home or townhome after Thursday, it will also be exempt from rent controls.
The province claims the move will spur new purpose-built rental construction in the housing-starved GTA area but it will also send average rents in many cities skyrocketing.
“The number one thing we can do to increase supply is open up the market,”

Herhalt, CTV News Toronto