Graphic reveals the single biggest problem with Toronto's rental market Toronto RealEstate TorontoRealEstate
Housing was being built at paces that would be unprecedented by 21st-century standards, with a peak year exceeding 20,000 new purpose-built rental units for the city.
Further tightening of rent control in the 80s and 90s, along with the rollback of tax incentives encouraging affordable rental construction, practically eliminated private rental developments from the landscape in the final decades of the century as such projects became much less lucrative. Rental housing starts hit another snag in 2017 when then-Premier Kathleen Wynne's Ontario Liberal government introduced its Fair Housing Plan, introducing rent control on all units constructed after November 1, 1991, and closing a loophole that had quietly existed for years.shortly after it gained power in 2018, scrapping rent controls on all units built and occupied after November 15, 2018.
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