Fair Housing Plan – Is it going to work?

The Ontario government introduced a “Fair Housing Plan” in April as a response to runaway housing prices and tenants facing massive rent increases they could ill afford.

Toronto has already seen the market start to cool thanks to the speculation tax and tightening mortgage rules, but will this have a lasting effect? Vancouver rebounded barely 9 months later. Renters should see some short term relief but the fear will be that, like rent control in the 90s, this discourages new units from coming online. Given the …

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