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By Micky (anonymous) | Posted April 26, 2011 at 16:09:52
As a homeowner in Ward 3, and as someone who is woefully aware of the landlord and tenant laws in Ontario, neither the government of Ontario nor the City of Hamilton could offer me enough money to convert my home into several units. Not because I am opposed to offering cheap housing to those who need it, but because I oppose being financially destroyed by bad tenants that have the green light to do so by the Landlord and Tenant Board and the Residential Tenancies Act.
Landlord-Hopefuls beware, do NOT invest in residential housing in Ontario. Not until the RTA is brought up to equality for the small landlord. Those like me who would like to have some extra income by renovating to add a second or third unit to their SFH would soon find out that the nightmare tenant that they unknowingly rented to has more rights as an occupier than you do as an owner. It would soon become apparent how uncollectible those tenants on social assistance are. You could very easily become a hostage in your own home. You very well may end up paying for your tenant's stay while they skip out on rent and abuse the process at the LTB with delay after delay - even after you've received an eviction order!
Furthermore, you cannot "discriminate" on the basis of whether or not your prospective tenant can even afford the rent based on their income. Credit checks only tell you so much, and you could be accused of discrimination if you refused to rent to someone with a bad credit rating or none at all. Don't believe me? Visit "www.ontariolandlord.ca" and hear the horror stories from small landlords all over Ontario. No, this isn't a plug for the site that I only visit and am not affiliated with. This is an attempt to shed light on how bad it is in Ontario for residential Landlords.
If you want someone to blame for the mess we are in regarding a lack of affordable housing, blame the tenant activists and Liberal provincial government who made the business of being a residential landlord in Ontario COST (and RISK) PROHIBITIVE.
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