Small Ownership Landlords of Ontario

Landlords Helping Landlords

Small Ownership Landlords of Ontario

Landlords Helping Landlords

Solo landlords vice chair’s interview with the CBC:” “We need changes (at the LTB) with the speed of light”.

In an article with the CBC, Solo vice chair Rose Marie was quoted

“Property owners who purchase a home that they wish to live in should not be made to wait for up to a year or more … and should not be prejudiced if tenants refuse to pay the rent,” said Rose Marie, vice-chair of an organization called the Small Ownership Landlords of Ontario.

“Rental housing providers are starting to wake up the fact that there is something seriously wrong with the system — it is broken. We look forward to changes in the near future. Not next year, now.”

Marie says from 2019 to 2020, there were 41,621 eviction applications aimed at tenants who were refusing to pay their rent — resulting in losses to landlords of about $1.45 billion. The following year, due to the pandemic, the number of applications dropped to just 24,400, which translates to loss of rental income of about $856 million, Marie says.

Her organization is calling on the LTB to hold timelier, more efficient hearings. 

“We need changes with the speed of light,” she said.

The full article is on the CBC website 

- Advertisement -spot_img

Read More

Recent