Life of an Ontario landlord has just become more daunting

[Roy N.]

Fresh Queen's Park, the Ontario provincial government tables their measures to slow down the run-away real estate in the GTA.

Among them ... rent control for everyone!

Expanded rent control that will apply to all private rental units in Ontario, including those built after 1991, which are currently excluded. CBC Toronto first broke the news when Housing Minister Chris Ballard said the government would move to remove the 1991 rule after residents complained of massive rent spikes. The issue that was highlighted in a CBC Toronto series of stories called "No Fixed Address." The rent increases must come through approved legislation, but will take effect today, April 20. Currently in Ontario, increases are capped at a maximum of 2.5 per cent.

[Note:  I thought rent increases for rent controlled properties in Ontario were capped at 2.5% or the CPI (currently around 1.5%) whichever is lower]

And a bow shot out to wholesalers:

The province also vows to look at practices that may be contributing to tax avoidance and excessive speculation in the housing market, such as "paper flipping" -- a practice that includes entering into a contractual agreement to buy a residential unit and assigning it to another person prior to closing.

And a "serious"(?) look at double ending:

A review of the rules real estate agents are required to follow to ensure that consumers are fairly represented in real estate transactions. A government backgrounder on the measures announced today specifically mentions the practice of double-ending, when one agent represents more than one party in a transaction.

Ontario is also going to get a Standard Form of Lease ...