The bill of rights, to be developed and implemented in partnership with provinces and territories, would require landlords to disclose an apartment's pricing history "so renters can bargain fairly."Stronger protections for Canada's renters are coming as part of the upcoming Budget 2024, the federal government announced on Wednesday in Vancouver, including a new Canadian Renters' Bill of Rights.
“It’s too hard to find an affordable place to rent, especially for younger Canadians," said Prime Minister Justin Trudeau. "That’s why in Budget 2024, we’re taking action to protect renters, make the rental market fairer, and open new pathways for renters to become homeowners. Let’s make sure renters count.”
This move comes as an increasing number of tenants are facing unlawful rent increases and bad faith evictions. In Ontario, for example, the number of applications for personal use evictions — an eviction type notorious for being used in bad faith —close to 80% last year. At the same time, rental demand has continued to soar, outpacing supply in major markets all across the country.