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Once upon a time in Toronto, landlords could renovate in peace—okay, sometimes they stretched the word “renovate”—but starting July 31, 2025, City Hall has unleashed a new bylaw stricter than decaf coffee at an espresso competition. Now, before a landlord even contemplates evicting a tenant for renovations (a.k.a. “renoviction”), they must pay $700 per unit, secure building permits, hire a professional to prove the reno is real, and fill out enough paperwork to deforest the Don Valley. All for the privilege of…waiting in line for the city to stamp their form. But first as always, here is a word from today’s sponsor:
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The Brave New World of the Rental Renoviction Bylaw
Here’s the basic recipe for market chaos: Add expensive hoops for landlords, sprinkle generous compensation for tenants ($1,500–2,500 plus monthly “rent gap” allowances), and bake at council chamber temperature. The result? Investors fleeing like it’s a housing version of musical chairs—with no chairs left at the end. Instead of more affordable apartments, the city risks a rental drought, as landlords sell up or just never build to begin with.
Does Anyone Still Want to Be a Landlord?
Spoiler alert: Small landlords are rethinking their life choices faster than you can say “N13 notice.” Less rental supply means scarcer apartments and, ironically, higher prices—somewhere, Milton Friedman is giggling in his grave. And with no rent freeze in effect (unless the building is as old as disco), only older units have capped increases, leaving plenty of renters still vulnerable to market swings.
GTA Gets a Pass: Only Toronto Feels the Squeeze
If you thought this was a GTA-wide crusade, think again. These rules are Toronto-only; Mississauga, Markham, and Vaughan haven’t jumped on the bylaw bandwagon (yet), so investors with itchy wallets are already checking their maps. Why build new rental supply in Toronto proper when other cities offer less regulation and more profit?
Hilton Bakedman’s Satirical Solution: Let the Market Eat Cake!
So, tenants may feel safer, but if Hilton Bakedman may channel his inner Milton: “Every rental protection has a cost, and it’s usually paid by the next poor schmuck looking for an apartment.” If policy drives landlords out, nobody wins—except lawyers and bureaucrats. Instead of fixing the market, City Hall risks baking a much smaller pie… with fewer slices for everyone.
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