In Ontario, a petition's shaking things up, calling for a rule that lets landlords boot tenants after 60 days of no rent. It's a bid to shake off the shackles of tight tenant laws that leave landlords hanging when the cash stops flowing. Currently if landlords follow all the correct steps, it can take a minimum of 8 months to over a year to evict tenant for non payment, causing financial distress, forcing landlords to sell and or leave their rental units vacant. On the flip side, it's a headache for tenants, sparking fears of quicker kicks to the curb and rising homelessness.
For Landlords
Supporters argue that the current setup favors tenants too much, leaving landlords out to dry for months without income. They believe the 60-day rule is fair game to protect their investments and keep their finances afloat.They're fed up, looking for a quicker way to deal with rent dodgers. The idea? Protect their pocket and keep properties from sitting empty.
For Tenants
It's a tightrope walk. Less time to catch up on rent could mean more people without homes, in a market where finding an affordable spot is already like finding a unicorn.
The Bigger Picture
This push might just have a silver lining for Ontario's squeezed housing market. By speeding up evictions, it could actually free up rentals faster, easing some of the crunch.
What's next is a tightrope act of its own. The government's move could tilt the scales, needing to nail that sweet spot where both renters and landlords feel the ground's solid under their feet. It's not just about evictions; it's about feeding more rentals back into a starved market and maybe, just maybe, making housing a bit easier to snag.
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