Demovictions are on the rise in Toronto. Some fear they'll make the rental market worse for everyone

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المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

As Toronto renters feel the squeeze of a competitive market with prices that won’t stop climbing, some in the city are sounding the alarm about a practice they say is displacing them while temporarily taking affordable units off the market: demovictions.

Megan Kee, an organizer with the advocacy group No Demovictions, says the threat of her building being destroyed has put her goals of starting a family on pause.

"Demolishing this very limited part of the housing system is going to displace a huge number of renters who have nowhere else to go, especially because we have historically low rental vacancy rates," she said. "Thousands of tenants displaced by demovictions will now be competing for housing in an already tight rental market, [which] will impact affordability for everybody.

According to provincial legislation, if a tenant is being evicted from a building with five or more units, the developer needs to give them three months' rent or offer them another unit that the tenant is OK with. For condo rentals, which Blackwell says is becoming the most likely housing options for many downtown tenants who might be displaced, average rent reports released by the CMHC and Toronto Regional Real Estate Board in January 2023 provide different figures.

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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