As someone deeply connected to Toronto real estate, I want to break down what this bylaw means, how it works, and what it could mean for you—whether you’re a landlord, tenant, or investor.
What Is a Reno-viction?
Toronto’s new bylaw aims to put an end to such bad-faith practices by increasing transparency and accountability.
Key Changes Under the New Bylaw
Starting in July 2025, landlords will need to meet several new requirements before evicting tenants for renovations:
1. Building Permits and Renovation Licenses
Landlords must secure a building permit and apply for a $700 renovation license for each unit they intend to renovate. They will need to provide detailed proof of the renovations planned, ensuring they are legitimate.
2. Tenant Support Plans
Landlords will need to submit a tenant accommodation and compensation plan. This includes:
• Temporary Housing or Rent-Gap Payments: Covering the rent difference for displaced tenants during renovations.
• Moving Allowances: Financial support for tenants to help with moving expenses.
• Temporary Housing or Rent-Gap Payments: Covering the rent difference for displaced tenants during renovations.
• Moving Allowances: Financial support for tenants to help with moving expenses.
Lump Sum Payments for Non-Returning Tenants
If tenants choose not to return after renovations, landlords must pay them a lump sum equal to three months of rent-gap payments.
Why Does This Matter?
This bylaw is a significant step forward in protecting tenants from being unfairly pushed out of their homes. It also encourages landlords to approach renovations responsibly, ensuring the work is necessary and completed with tenant welfare in mind.
That said, the new rules do come with added costs and administrative requirements for landlords. These could impact how property owners plan renovations or even how rental properties are managed in the future.
What This Means for You
For Tenants: You can feel more secure knowing there are safeguards in place to protect your tenancy. If you’re faced with a reno-viction notice, these rules will ensure you have support during the process.
For Landlords: While the new requirements add complexity, they also promote a fairer housing market. Staying informed and proactive will be key to navigating these changes smoothly.
For Investors: This bylaw highlights the importance of understanding local regulations when buying rental properties. Having a trusted real estate advisor can help you make informed decisions.
Final Thoughts
Toronto’s housing market is constantly evolving, and this new reno-viction bylaw is a reminder of how policies can reshape the landscape for everyone involved. Whether you’re renting, owning, or investing, it’s crucial to stay ahead of these changes.
If you’re unsure how this new bylaw might affect your plans, I’m here to help. Let’s chat about your goals and how to navigate Toronto’s ever-changing real estate market.