Today is April 1st, and rent cheques across the province are due. We have connected with several of our clients, both landlords, and tenants, to discuss the implications that COVID-19 is having on the rental market. Tenants are concerned about making rent and possible eviction, while landlords are worried about paying their mortgages and limiting its impact on their finances.
The Ontario government followed its counterparts in other provinces by banning evictions until further notice. The government’s main focus at this point is to limit the spread, and they feel ensuring that everyone has adequate shelter is of paramount importance. The tenant tribunal and sheriff’s office will no longer be enforcing eviction orders, even if it agreed upon before this order. While this protects vulnerable tenants, many of whom have been financially impacted and are unable to pay their rent, it leaves landlords exposed. It has also been made clear that showings should be restricted during the provincial state of emergency, and Tenants cannot be forced to allow them, especially if they are at risk due to underlying medical issues.
The Ontario Real Estate Association is lobbying on behalf of landlords, asking the Ontario Government to find ways to offer assistance to those suffering financially during the provincial state of emergency. For more information about the rule changes, we encourage you to visit the Government of Ontario Website.
Our advice is for Landlords and Tenants to try to work to get to find a solution that protects the health and financial well being of everyone. We are happy to guide you to the best possible resolutions, whether it’s creating a repayment schedule for deferred rent or putting you in touch with your mortgage provider to defer payments.
We hope everyone continues to stay safe, don’t hesitate to go reach out with any questions or concerns!
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