Tag Archives: Geordie Dent

CKMS News 2023-11-21 – ACORN Ontario’s Rental Registry

CKMS News -2023-11-21- ACORN Ontario’s Rental Registry

by: dan kellar

Waterloo – Over 8,000 renters have registered their units with ACORN’s Rental Registry since the grassroots social and economic justice organisation launched their map based online database at the end of the summer. ACORN Ontario told CKMS News in a statement that “the rental registry will track rising rents across the province.” which they say will “lead to better, publicly-available housing data that can help protect and create more affordable housing”.

Today’s shows features interviews with Acer Bonapart, the chair of ACORN Waterloo Regionwhich since its launch earlier this year, has focused primarily on tenant rights and housing issues. Additionally, CKMS speaks with Geordie Dent of the Federation of Metro Tenants’ Associations (FMTA), a non-profit organization founded in 1974 which advocates for better rights for tenants.  The show also includes comments that the ACORN Ontario chapter provided to CKMS News. 

ACORN Ontario told CKMS News that the registry was created by the Montreal based non-profit Vivre en Ville,  saying  “The registry was first introduced in Quebec and has over 30,000+ rents voluntarily registered. The rental registry is easy, quick and secure as it was designed to be compliant with SOC2 cybersecurity standards., standards that meet requirements for governmental use.

According to rentals.ca, which has for years tracked such data, average rents across the country are still rising at over 100$/month, with a one bedroom apartment in Waterloo averaging 1,944$ a month in October.  Two bedroom apartments are now averaging 2,543$ a month, nearly a 15% increase from last year at the same time.  

While many provinces have some form of rent control, in Ontario since Doug Ford dismantled the existing system in 2018, that control comes in the form of a 2.5% maximum allowable increase to the rent after a 12 month period. 

However, the Landlord and Tenant Board, an arm of Ontario’s legal system, often allows this maximum to be exceeded after being convinced by a landlord’s request. As Geordie Dent explains, the board approves the above guideline increase “in the neighbourhood of 90-95% of the time”. Additionally, the maximum increase also does not apply between tenants, meaning the landlord can increase the rent any amount they want on new tenants once the old ones move out.

The Landlord and Tenant Board does not specifically track how often they approve AGIs and their 2022-2023 report has a lot of incomplete data. A brief review of cases  by CKMS News centering on Above Guideline Increases on the Canadian Legal Information Institute, where all such cases are listed, reveals the 10 most recent cases were all decided in favour of the landlord, with the majority declaring: “The Landlord justified a rent increase above the guideline because of capital expenditures.”  

 While above guideline increases continue to have harmful effects on renters, ACORN Ontario told CKMS News the registry will provide “Greater transparency for renters so they can make informed decisions about where they choose to live”.  The statement concluded “Better housing data can help inform stronger affordable housing policies like those supported by Ontario ACORN’s ‘Real Rent Control’ Campaign. Over time, the registry will clearly show that rents increase astronomically in between tenancies on units that aren’t subject to rent control, and as a result of above guideline rent increases. These loopholes in our current rent control laws create incentives for landlords to renovict or demovict their tenants or neglect repairs until tenants get fed up and leave”. 

 

CKMS News – 2023-11-17 – Reviewing the effects of the financialisation of housing

CKMS News – 2023-11-17 – Reviewing the effects of the financialisation of housing

by: dan kellar

Waterloo – On Oct 30th ACORN, the grassroots social and economic justice organisation with chapters across the country, delivered over 400 tenant testimonials to federal liberal MPs including Waterloo’s Bardish Chagger. This action coincided with ACORN’s national housing spokesperson Tanya Bukart giving testimony to the National Housing Council’s review panel on the financialisation of purpose built rental housing.  Bukart’s testimony highlighted the effects on renters created by the stress of living in a precarious housing market, which has been transformed over the past decades, into an investment industry with profit seeking constantly driving up housing and rental prices.

Today’s show features interviews with Acer Bonapart, the chair of the Waterloo Region chapter of ACORN, and Mike Morrice, the Green Party MP for Kitchener Centre, who has been pressuring the government over the ongoing crisis in the affordability of housing in Canada since being elected in 2021.  Additionally, Geordie Dent of The Federation of Metro Tenants’ Associations (FMTA), which advocates for better rights for tenants, adds comments on the financialisation of housing.

For the purposes of this review, the National Housing Council is using the Federal Housing Advocate’s definition of the financialization of housing which is “the growing dominance of financial actors in the housing sector, which is transforming the main function of housing from a place to live into a financial asset and a tool for investor profits.”  The definition continues “These may include asset management companies, hedge funds, pension funds, private equity funds, real estate investment trusts (REITs), real estate operating companies and sovereign wealth funds.”

The National Housing Council, which refers to reports commissioned by The Federal Housing Advocate adds “The financialization of purpose-built rental housing has been linked to a range of negative impacts for renters, such as evictions, rising rents and reduced building services and maintenance.” On this point the National Right to Housing Network, a grassroots tenants rights organisation also focusing on the national panel explains “Financialization of housing refers to the treatment of housing primarily as a financial asset and tool for maximizing investor profit at the expense of human rights among tenants and tenancy-seeking individuals.”

The show focuses on the financialisation of the housing market, immediate steps which could be taken to start addressing the affordability crisis, and the longer term role of government in creating and maintaining an affordable and quality housing supply to meet the needs of growing populations.