Real Estate

Toronto City Council Votes to Challenge Bill 184

  • Last Updated:
  • Aug 1st, 2020 2:50 pm
25 replies
Deal Guru
Feb 22, 2011
10804 posts
13577 upvotes
Toronto
And they will lose again. This is just a waste of tax payer dollars for optics. Landlords are about to have more rights, about time. I don't really blame Tory, he is just representing his constituents and this is what they want. If anything he is just going through the motions and doesn't actually do anything to help them.
Sr. Member
Jul 18, 2020
622 posts
956 upvotes
Looked like the mentality of these people are "I don't have a job so housing should be free"
Member
Jul 23, 2020
285 posts
232 upvotes
Being a landlord is a regulated business, if landlords are over leveraged it's not the tenants problem.
Sr. Member
Jul 18, 2020
622 posts
956 upvotes
ricodeals wrote: Being a landlord is a regulated business, if landlords are over leveraged it's not the tenants problem.
True and a lot of people think like you, this is why they deserve to be rent for life so fairness is being balanced out in our society. Smiling Face With Open Mouth You don't own your place, you don't deserve to get the equity gain as simple as that.
Deal Fanatic
User avatar
Sep 8, 2007
9113 posts
10500 upvotes
Way Out of GTA
mazerbeaner wrote: And they will lose again. This is just a waste of tax payer dollars for optics. Landlords are about to have more rights, about time. I don't really blame Tory, he is just representing his constituents and this is what they want. If anything he is just going through the motions and doesn't actually do anything to help them.
He is not representing his constituents, he is selling out to a minority of vocal leftists that would handcuff and take all landlords to jail if they could. Tory is a weak weak unprincipled man.
Deal Fanatic
User avatar
Sep 8, 2007
9113 posts
10500 upvotes
Way Out of GTA
ricodeals wrote: Being a landlord is a regulated business, if landlords are over leveraged it's not the tenants problem.
Everyone let’s welcome the new resident bear.
Member
Nov 26, 2012
371 posts
371 upvotes
Toronto
cartfan123 wrote: He is not representing his constituents, he is selling out to a minority of vocal leftists that would handcuff and take all landlords to jail if they could. Tory is a weak weak unprincipled man.
Nah, he just wants the protesters to stop showing up at his condo. It's a really nice place and his neighbours probably hate him now.

He knows this won't sway DoFo so it doesn't matter.
Member
Nov 26, 2012
371 posts
371 upvotes
Toronto
The RTA is provincial and this doesn't matter.

Toronto city council only does symbolic votes. if it is meaningful, they would not vote for it. :)
Deal Addict
User avatar
Nov 5, 2018
2916 posts
5195 upvotes
Toronto
ricodeals wrote: Being a landlord is a regulated business, if landlords are over leveraged it's not the tenants problem.
Face With Tears Of Joy
Called the bottom.
Deal Fanatic
Oct 7, 2007
8772 posts
4645 upvotes
I heard on Twitter that Toronto City Council is voting on a motion to bail out AirBnB hosts by using their properties for long-term rental purposes for low income families. I couldn't find the exact tweet to attach but I believe they are voting on it very soon as it as being voted on as a motion shortly. Is this related to Bill 184 or is that something different?
Deal Addict
Jul 3, 2007
3476 posts
3803 upvotes
Toronto
choclover wrote: I heard on Twitter that Toronto City Council is voting on a motion to bail out AirBnB hosts by using their properties for long-term rental purposes for low income families. I couldn't find the exact tweet to attach but I believe they are voting on it very soon as it as being voted on as a motion shortly. Is this related to Bill 184 or is that something different?
and how many condo owners want to do that? im going to vote not many....

and good luck replacing airbnb income which was double normal rents....

whos gonna pay the bill when the condo unit gets wrecked too....
Sr. Member
Jul 18, 2020
622 posts
956 upvotes
joepipe wrote: and how many condo owners want to do that? im going to vote not many....

and good luck replacing airbnb income which was double normal rents....

whos gonna pay the bill when the condo unit gets wrecked too....
I would rather sell it at a loss than renting it out as a loss. Renting out to low income people = gifting your investment to charity
Last edited by lechan on Jul 31st, 2020 11:48 am, edited 2 times in total.
Deal Addict
User avatar
Nov 5, 2018
2916 posts
5195 upvotes
Toronto
joepipe wrote: and how many condo owners want to do that? im going to vote not many....

and good luck replacing airbnb income which was double normal rents....

whos gonna pay the bill when the condo unit gets wrecked too....
But, how is this going to work? Is the government going to force you to rent your condo to these people?
Called the bottom.
Deal Addict
Jul 3, 2007
3476 posts
3803 upvotes
Toronto
CondoMan98 wrote: But, how is this going to work? Is the government going to force you to rent your condo to these people?
they cant force anything, they are gonna make a rent offer to owners , low income familes get subsidized of course....

im sure condo owners downtown living on the same floor will be really excited about this move ....lol

there goes the neighbourhood and your condo value....
Last edited by joepipe on Jul 31st, 2020 11:52 am, edited 1 time in total.
Deal Addict
User avatar
Nov 5, 2018
2916 posts
5195 upvotes
Toronto
joepipe wrote: they cant force anything, they are gonna make a rent offer to low income familes, subsidized of course....
I don't own any rental properties right now, but if I did, that would be a HARD pass for me haha.
Called the bottom.
Sr. Member
Jul 18, 2020
622 posts
956 upvotes
CondoMan98 wrote: But, how is this going to work? Is the government going to force you to rent your condo to these people?
My guess is the government will waive your rental income on your tax return if you are willing to rent out to these people, however there is no guarantee that you can collect rent successfully from these people.
Sr. Member
Aug 17, 2018
618 posts
1104 upvotes
lechan wrote: True and a lot of people think like you, this is why they deserve to be rent for life so fairness is being balanced out in our society. Smiling Face With Open Mouth You don't own your place, you don't deserve to get the equity gain as simple as that.
There is a difference between owning and living in their primary residence and deciding to buy investment units and become a landlord.

Not everyone who despises greedy landlords is a "rent for life" kind of person. ;)

Don't like the risk and the possibility that the government puts in rules that work against you? Well, choose a different investment vehicle.
Deal Guru
Feb 9, 2009
11638 posts
10145 upvotes
ricodeals wrote: Being a landlord is a regulated business, if landlords are over leveraged it's not the tenants problem.
sure will the govt pay the landlords for all these people who want free housing?
Deal Expert
Feb 29, 2008
15318 posts
11826 upvotes
Tarrana
JanZ95915 wrote: There is a difference between owning and living in their primary residence and deciding to buy investment units and become a landlord.

Not everyone who despises greedy landlords is a "rent for life" kind of person. ;)

Don't like the risk and the possibility that the government puts in rules that work against you? Well, choose a different investment vehicle.
This is such a small thing to say. You'd make sense if the government was prdoducing enough rental housing to supply demand...but they're not. Landlords are actually helping the government from not having to build housing. But you are so bitter and resentful, you can't even see the bigger picture. We are headed down a really bad path. If there was no rent control, landlords would be able to take the hit short term and house people at reduce rent...but now that reducing rent means you are stuck for however long the tenant wants, and you can't evict because the government has basically taken over private property, what do you expect? I know several landlords that are leaving their properties empty and are taking the hit because the rules are insane and are going to get even worse. So sell the properties you say? How does that help renters? THINK beyond your own resentment.

Top