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Ontario Government Looking to Freeze Rent for 2021

Thursday, 17 September 2020 14:37

The Ontario Government has introduced a bill that would freeze rent in 2021 and extend the ban on commercial evictions.

ONTARIO - The Ontario Government has introduced a bill that would freeze rent and extend the ban on commercial evictions.

The Helping Tenants and Small Businesses Act would, if passed freeze rent in 2021 for most rent-controlled and non-rent-controlled residential units. The bill would provide the vast majority of Ontario's tenants with financial relief as the province continues down the path of renewal, growth and economic recovery.

Premier Doug Ford says this is just one way they can help people during the pandemic.

"From the very beginning of this pandemic, our government promised the families, workers and small business owners of this province that we would have their backs and provide them with the support they need to get back on their feet. The crisis is far from over and the threat of a second wave is real, as are the challenges it will bring. That's why we need to take the necessary steps now to help families keep a roof over their heads and small businesses keep their doors open."

The Helping Tenants and Small Businesses Act also proposes to change the Commercial Tenancies Act to extend the temporary ban on evictions for commercial tenants. The ban was initially in place from May 1, 2020 to August 31, 2020, to align with the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This temporary ban would continue to apply to businesses that are eligible for federal-provincial rent assistance through the CECRA for small businesses, but their landlord chose not to apply for the program. The ban will protect small businesses from being locked out or having their assets seized during COVID-19.
 

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