Regulation - Minister
Amendment to a regulation under the Housing Services Act, 2011 to clarify the market rent index for use in 2021 subsidy payments to housing providers
Regulation Number(s):
Ontario Regulation 713/20
Instrument Type:
Regulation - Minister
Bill or Act:
Housing Services Act, 2011
Summary of Decision:
Effective January 1, 2021, Section 10 of the Ontario Regulation 369/11 under the Housing Services Act, 2011 was amended to provide clarity to Service Managers on the value of the Market Rent Index to calculate 2021 subsidy payments to certain non-profit housing providers.
Analysis of Regulatory Impact:
N/A
Further Information:
Ontario Regulation 713/20
Proposal Number:
21-MMAH002
Posting Date:
Summary of Proposal:
The Market Rent Index (MRI) is one of the variables that Service Managers use to calculate subsidies to housing providers who operate housing projects under Part VII of the Housing Services Act, 2011.
The MRI, updated annually, is based on the Rent Increase Guideline under the Residential Tenancies Act, 2006.
Ontario Regulation 369/11 states that the MRI is, in most cases, "the guideline published under subsection 120 (3) of the Residential Tenancies Act, 2006". For 2021, the Rent Increase Guideline published under subsection 120(3) was 1.5%.
However, the Helping Tenants and Small Businesses Act, 2020 subsequently changed the rent increase guideline for 2021 to 0%, to provide tenants with financial relief during the COVID-19 pandemic.
The regulatory amendment clarifies that the value of the 2021 MRI for the purpose of subsidy calculations is based on a Rent Increase Guideline of 0%, not 1.5%.
The MRI, updated annually, is based on the Rent Increase Guideline under the Residential Tenancies Act, 2006.
Ontario Regulation 369/11 states that the MRI is, in most cases, "the guideline published under subsection 120 (3) of the Residential Tenancies Act, 2006". For 2021, the Rent Increase Guideline published under subsection 120(3) was 1.5%.
However, the Helping Tenants and Small Businesses Act, 2020 subsequently changed the rent increase guideline for 2021 to 0%, to provide tenants with financial relief during the COVID-19 pandemic.
The regulatory amendment clarifies that the value of the 2021 MRI for the purpose of subsidy calculations is based on a Rent Increase Guideline of 0%, not 1.5%.
Contact Address:
Community Housing Policy Branch
Ministry of Municipal Affairs and Housing
777 Bay Street - 14th Floor
Toronto, Ontario
M7A 2J3
Ministry of Municipal Affairs and Housing
777 Bay Street - 14th Floor
Toronto, Ontario
M7A 2J3
Effective Date:
January 1, 2021
Decision:
Approved