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FMTA news release

Posted by Dan McIntyre on 6/18/2009, 11:23 pm, in reply to "2010 rent guideline is 2.1%"

For Immediate Release Government Must Act to Prevent Higher Rents Today, the Ontario Government announced the annual rent increase guideline for 2010 as 2.1%. This is shocking news for tenants as we weather the toughest economic times in decades. The Federation of Metro Tenants’ Associations recognizes that the formula for setting this guideline is enshrined in legislation. We call on the Government to change that legislation before this increase can be taken. “If our Government can help General Motors, they can help tenants by legislating a rent freeze for 2010,” said Dan McIntyre, Program Co-Ordinator for the Federation. Further increases in rents will hit the most vulnerable the worst, and people will lose their homes. In 2008, 69,000 Ontario households faced applications for evictions, an all time high for Ontario. In 2009, property taxes for multi-residential units in Toronto increased by only 1.3%. This is the largest expense for rental properties. At our recent Annual General Meeting, members of the Federation passed a resolution to call on the Government to freeze and hopefully lower rents. Today’s announcement tells us that we have work to do --Previous Message-- : Today, the Government of Ontario announced the : 2010 rent guideline at 2.1%. This is : shocking considering the tough economic : times that we are in. : : The guideline is based on the average : inflation for the last 12 month period. : Recent reports of lower inflation gave us : hope that the guideline would be lowered, : not raised. : : In fact, it is time for the Government to : take real action to protect tenants who are : weathering these tough times. A guideline : of zero - or in other words - a rent freeze : is the least that they can do. : : The biggest single operating expense for : multi residential buildings is property tax. : They went up 1.3% in Toronto in 2009. Multi : -res taxes increase at 1/3 the rate of : homeowners, as a partial solution to the : fact that we pay a much higher rate to begin : with. : : Smaller rental properties do not pay the : higher rate. : : Rents have continued to rise and the : Government is sanctioning increases to large : corporate landlords while individual tenants : suffer. : : We will be calling on the McGuinty : Government to bring in relief measures for : tenants. Freezing rents would be a start. :

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Message Thread: 2010 rent guideline is 2.1% - Dan McIntyre 6/18/2009, 4:46 pm FMTA news release - Dan McIntyre 6/18/2009, 11:23 pm Re: 2010 rent guideline is 2.1% - Jerry 6/18/2009, 6:50 pm Other Provinces - Dan McIntyre 6/19/2009, 11:19 am Re: Other Provinces - George 6/19/2009, 3:51 pm Re: Other Provinces - Dan McIntyre 6/19/2009, 4:14 pm Re: Other Provinces - landlord2001 6/19/2009, 11:00 pm Re: Other Provinces - Dan McIntyre 6/20/2009, 1:09 am Re: Other Provinces - Shelley 6/19/2009, 9:50 pm Re: Other Provinces - landlord2001 6/20/2009, 9:23 am Re: Other Provinces - Dan McIntyre 6/22/2009, 3:02 pm Re: Other Provinces - landlord2001 6/26/2009, 12:00 am « Back to thread

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