April 12, 2024 | Podcast

59. Canadian Renters Bill of Rights – 2024 Budget

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Join Geeta and Xerxes on this episode of TR Talks as the conversation gets a little heated with discussions on the latest announcement by the federal government ahead of the 2024 budget.

Prime Minister Justin Trudeau announced measures aimed at helping renters. While the intentions sound like they are coming from a good place, the podcast discusses why the measures are nothing but a vote grabbing attempt.

Provincial governments are responsible for housing yet the federal government has once again meddled.

With little being done to find actual solutions to the challenges being faced by both tenants and landlords alike, Xerxes and Geeta opine that the $15 million tenant protection fund for “better protecting tenants against unfairly rising rent payments, renovictions or bad landlords” would not address the horrifically long wait times for hearings with the Landlord Tenant Bureau.

One seemingly positive measure includes tenants building on their credit while paying rent.

Source: https://www.cbc.ca/amp/1.7157206 and Toronto Regional Real Estate Board

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