Earlier this month, the Ontario government has provided province-wide updates on rental guidelines, including rental agreements in Mississauga.
A “rent freeze” has been approved for 2021 for most residences covered under the Residential Tenancies Act. These include rented houses, apartments, condos, basement apartments, care homes, and more. This rent freeze will be in effect until December 31, 2021. However, this rent freeze comes with some exceptions.
Landlords can apply to the Landlord and Tenant Board for approval to raise the rent by a specified amount, at which point the rent freeze will no longer be valid.
Using the Ontario Consumer Price Index, Statistics Canada has set the guideline increase for 2020 at 2.2 per cent, which is a 0.4 per cent increase from the previous year. The board will only approve these landlords’ applications if they are deemed to cover eligible capital repairs and security services associated with renting.
Additionally, the City of Mississauga has proposed a new by-law for legal licensing of short-term rental properties. The by-law is currently pending approval, with a prospective effect date of January 19, 2021, and will apply to anyone renting a property for periods of 30 consecutive days or less.
“Short-term accommodations are here to stay in Mississauga,” stated Mississauga Mayor Bonnie Crombie. “It’s important that operators are licensed in order to ensure public safety and maintain community standards across the city.”
The new by-law guidelines will require landlords to meet these conditions to obtain a licence to operate in Mississauga and will only allow them to perform rental services from their principal residence.
“By regulating those who rent their homes on a short-term basis, local residents and visitors to the city can be assured that these properties operate safely and in compliance with applicable laws,” Crombie continued.
If passed, the new by-law will provide current administrators with a six-month grace period to obtain licences.
Director of enforcement for Mississauga, Sam Rogers, spoke to Mississauga News about the by-law’s objectives and emphasized the importance of maintaining public safety and the integrity of communities.
“Officers will be better equipped to respond to public complaints and address nuisance issues such as noise, garbage, and parking,” stated Rogers. “We will also improve our ability to remove any high-risk operators from online platforms quickly and permanently.”
More information on these guidelines, as well as new updates, can be found on the City of Mississauga website, as well as Ontario.ca.