On April 20, 2017, the government introduced the Fair Housing Plan, aimed at making housing more affordable for homebuyers and renters through a sixteen point action plan.
The Bill 124 – the Rental Fairness Act, 2017 proposes amendments to the Residential Tenancies Act, 2006 which are intended to support the measures contained in the Fair Housing Plan by:
- Improving rental housing affordability
- Mitigate the impact of carbon costs on tenants and encourage landlords to make their buildings more energy efficient
- Strengthen tenant protections and help facilitate successful tenancies
- Facilitate better results for individuals living in transitional housing and help more people transition to longer-term, stable housing
- Improve and simplify Landlord and Tenant Board processes.
The Ministry of Housing conducted a public consultation, “Proposal to Encourage Small Landlords to Provide Rental Housing”, in the spring of 2016. The consultation paper contained a variety of possible changes which would improve the operating environment for small residential landlords. This is not the case. The government has clearly changed direction over the last year, the amendments to the Residential Tenancies Act, 2006 introduced in Bill 124 will discourage small landlords from providing rental housing.
You can read the comments provided by LSHC to the Standing Committee on General Government regarding Bill 124 here, LSHC-Bill 124-Submission-General-Government, and you will find a summary of amendments pursuant to Bill 124 here.