Renters Bill of Rights Announcement - Part 1

In late Mar 2024 Justin Trudeau announce a new bill of rights for renters.
Something to keep in mind always is there is 2 sides to every story and then there is the truth.
So, having said that - what does this bill mean for renters and landlords?
Purpose of the bill – to make the playing field fairer for renters and make it easier to become home owners.
Challenges from a renter’s perspective (as indicated in the press release).

• Skyrocketing rents
• Renovictions
• Unfair competition
• Lack of housing options.

The new measures to be introduced are:

• Launching a new $15 million tenant protection fund.
• Creating a new Canadian Renters’ Bill of Rights.
• Make sure renters get credit for on-time rent payments.

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Over the next few posts we will go into an in depth look at both sides of the challenges and new measures.
Stay tuned !