Renters face ‘good storm,’ Aug. 20
I’m delighted that the town has plans to create new reasonably priced housing.
However I hope the town and provincial governments may also take a look at the thousands and thousands of Torontonians who’re residing in residences that have been reasonably priced till the AGI (Above Guideline hire Improve) grew to become the strategy landlords are utilizing to avoid the restrict on rents. These will increase are making residing in Toronto an increasing number of unaffordable.
This type of improve was established supposedly to assist small landlords make repairs wanted.
I’m residing in an condominium that’s owned by one of many largest landlords within the province and but, each few years, one other AGI is added to my hire, so I’m now paying greater than 15 per cent in AGIs.
There’s a restrict that an AGI can’t be greater than three per cent. We additionally want a restrict set that not more than two of those will increase could be added to our hire.
My landlord now needs a brand new AGI, which might be retroactive to 2019. This can increase my hire in order that greater than 20 per cent will consist of those AGIs.
