Rental Demolition Compensation – Closing the Gap

In 2023, over 50% of rental units approved for demolition and replacement across the city were in Toronto Centre.

That’s why I co-authored a motion that is delivering improvements to the way rent-gap payments are calculated.

Moving forward, our renters will get a fairer deal because rent-gap payments will be calculated using the average rent prices from rental buildings built in 2015 or later (only), and indexing has now been included in the formula.

Additionally, I’m ensuring that the City thoroughly examines the feasibility of including condominium rents in the calculation of area- specific rent-gap payments. As your councillor, I’ll make sure that the City continues to consult with stakeholders, including tenant advocates, as these updates are implemented.

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