Market update January 2025: Trends stay on course for cooler summer
2024 ended with softening home sales and rent prices, increasing housing supply, and fewer non-permanent residents – trends we expect to continue into 2025.
As of June 26, 2024, the Ontario ombudsman reported 36,000 cases still waiting over 90 days to be scheduled. LTB spokesperson Veronica Spada says hearing waiting times have improved – down from 8-10 months in 2023 to about three months now.
But many mom-and-pop landlords report they're still waiting a year or more, losing thousands in unpaid rent and dealing with property damage done by tenants.
That’s why Small Ownership Landlords Ontario (SOLO), a grassroots advocacy group, took their concerns directly to Bradford council.
Chair Kevin Costain and Vice-Chair Rose Marie shared real stories from landlords across Ontario, highlighting the human and financial toll of the LTB’s delays. They also proposed a series of solutions, including:
The last suggestion has been approved by the province, but SOLO says it’s unclear when the change will be enforced.
SOLO and Ward 4 Councillor Joseph Giordano have urged landlords and property managers dealing with LTB delays to contact their MPPs and join the push for reform.
More LTB headlines
Landlords fed up with LTB take matters into their own hands – PayProp blog
These Ottawa landlords say they've fallen victim to the same 'professional' tenants – CBC
Local legal clinic offering to mediate landlord-tenant disputes – BradfordToday
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