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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, July 29, 2020

Is a wave of evictions coming for Ontario renters?

More than 6,000 tenants in Ontario could get evicted soon due to unpaid rent over the last few months.

The province’s Landlord and Tenant Board reported that from March 17 to July 19, it handled 6,083 applications for tenant eviction due to non-payment and for collection of unpaid dues. The board also processed another 481 applications for enforcement of missed payments during the same time frame.

Eviction hearings in Ontario have significantly slowed down for the duration of the pandemic, with 282 such proceedings conducted between April and June.

But fears have been amplified with the recent passage of Bill 184 – ostensibly implemented by the provincial government partly to promote tenants’ welfare. Tenant advocate groups have expressed concern that the legislation will instead pave the way for a quicker eviction process.

Geordie Dent, executive director of Toronto’s Federation of Metro Tenants Associations, said that the number of applications during the worst of the COVID-19 outbreak’s ravages was appalling.

“You’re talking about 6,000 landlords that are trying to evict people as fast as possible coming out of a pandemic, which is absurd,” Dent told OurWindsor.ca.

Adding fuel to the fire is that purchasing power among renters will likely remain muted for the foreseeable future, despite the economy reopening in late spring.

The market’s struggles will be exacerbated the longer the coronavirus outbreak goes on, according to Peter Weltman, Ontario’s financial accountability officer.

“It’s awful,” Weltman said in a late-May interview with BNN Bloomberg. “But it’s not surprising, really. This is different from the typical recession. This is a recession where the economy was effectively shut off by the government.”

MBN

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