A Sept. 26, 2017 CBC article is entitled: “Ontario housing minister defends new rent control rules in face of report on negative impact: Minister says Ontario is monitoring the market and releasing surplus lands for purpose-built rentals.”
The opening paragraphs read:
Ontario’s housing minister defended government measures to cap rent in the province even though a new report says at least 1,000 planned rental units have been cancelled or converted to condos since those rules were implemented in April.
Peter Milczyn says he is keeping a close eye on the housing market now that the provincial government has implemented its Fair Housing Plan. Under the plan, the province extended rent control to all units in Ontario, including those built after 1991.
Milczyn said the government is also releasing provincially owned surplus lands to free space for development of purpose-built rentals.