Le Lézard
Classified in: Business
Subject: LAW/LEGAL ISSUES

TRREB Statement on Ombudsman Report Into the Landlord Tenant Board


TORONTO, May 04, 2023 (GLOBE NEWSWIRE) -- Ontario is facing a housing affordability crisis and we need all government agencies focused on boosting housing supply and helping people find safe and affordable places to call home. Today's Ombudsman's report investigating the Landlord Tenant Board ("LTB") confirms that the LTB needs major reform, additional resources, and improved processes to ensure it is meeting its mandate of adjudicating issues between tenants and property owners in a fair and efficient manner. 

It is not acceptable that property owners or tenants are being forced to wait up to two years to have a hearing scheduled to resolve an issue. No one should be forced to go to the back of the line and wait months because of issues like typos on application forms. 

Thousands of mom-and-pop investors are relying on their rental properties for a safe and secure retirement. Some are facing the prospect of having to sell their property because they cannot afford the unnecessary delays and costs associated with backlogs at the LTB. That's unacceptable. 

Premier Ford and Minister Clark are on the right track investing more resources in the LTB to help address the application backlog. Today's report illustrates that more work needs to be done. The Toronto Regional Real Estate Board (TRREB) looks forward to working with the Province to address these critical issues and getting more rental housing supply on the market for young families. 

Paul Baron
TRREB President

Media Inquiries:
Genevieve Grant, Manager, Public Affairs [email protected] 416-443-8159

The Toronto Regional Real Estate Board is Canada's largest real estate board with almost 70,000 residential and commercial professionals connecting people, property and communities.

Facebook | Twitter | YouTube | LinkedIn | Instagram
https://www.trrebwire.ca/



These press releases may also interest you

at 22:10
Meditrina, a leading innovator in gynecologic medical devices, announces the successful receipt of UKCA Mark, and CE Mark approval in accordance with Regulation (EU) 20147/745, for its state-of-the-art Aveta Hysteroscopy System. With this significant...

at 22:06
Meditrina, a leader in gynecologic medical devices, announced today the expansion of its leadership team with the hiring of Ray Gerena, as Senior Vice President of Global Sales.  With an extensive career in medical device sales, including a role as...

at 21:57
Nauticus Robotics, Inc. ("Nauticus" or the "Company") today announced its financial results for the quarter ended March 31, 2024. ...

at 21:25
Timbercreek Financial Corp. (the "Company") announced the voting results for the election of its board of directors, which took place at the Company's annual meeting of shareholders held on May 13, 2024 (the "Annual Meeting"). The Annual Meeting was...

at 21:24
KuCoin's latest monthly research report observed the cryptocurrency market's resilience and adaptability amidst shifting dynamics. Although the market sentiment was moderated, the stablecoin sector demonstrated robust growth. The issuance of major...

at 21:06
Roomza, the innovative hotel startup redefining the hospitality industry with its focus on personalization and flexibility, is thrilled to announce the opening of Roomza New Orleans at Melrose Mansion on June 1st, 2024. This personalized luxury...



News published on and distributed by: