ontario regulation 456/06

made under the

social housing reform act, 2000

Made: September 26, 2006
Filed: September 26, 2006
Published on e-Laws: September 27, 2006
Printed in The Ontario Gazette: October 14, 2006

Amending O. Reg. 339/01

(Housing Projects Subject to Part VI of the Act)

1. (1) Paragraph 2 of subsection 28 (1) of Ontario Regulation 339/01 is revoked and the following substituted:

2. If the fiscal year begins after the Minister determines the final amounts of the benchmark market rents applicable to those units, the market rent index applicable to those units is as follows, subject to subsection (2.1):

i. For the calendar year in which the Residential Tenancies Act, 2006, comes into force, or for a previous calendar year, the lesser of,

A. the rent guideline referred to in section 129 of the Tenant Protection Act, 1997 for the calendar year in which the housing provider’s fiscal year begins, and

B. the percentage change from year to year, as determined under subsection (2), in the average rent for rental units, which is reported annually in the Rental Market Report published by the Canada Mortgage and Housing Corporation.

ii. For a calendar year after the calendar year in which the Residential Tenancies Act, 2006, comes into force, the lesser of,

A. the percentage change from year to year in the Consumer Price Index for Ontario for prices of goods and services as reported monthly by Statistics Canada, averaged over the 12-month period that ends at the end of May of the previous calendar year, rounded to the first decimal point, and

B. the percentage change from year to year, as determined under subsection (2), in the average rent for rental units, which is reported annually in the Rental Market Report published by the Canada Mortgage and Housing Corporation.

(2) Subsection 28 (2) of the Regulation is revoked and the following substituted:

(2) Subject to subsection (2.1), the percentage change referred to in sub-subparagraphs 2 i B and ii B of subsection (1) is the number determined as follows, rounded to the first decimal point:

(A/B – 1) × 100

in which,

  “A” is the number indicated in the most recently published Rental Market Report as the “Total” average rent for a “Private Apartment” or “Private Row (Townhouse)”, as the case may be, and for a census metropolitan area centre or census agglomeration centre, as the case may be, and

  “B” is the number indicated in the report published in the year before the report referred to in “A” that corresponds to the number determined under “A”.

(2.1) If any of the following is less than 1, it is deemed to be 1:

1. The rent guideline referred to in sub-subparagraph 2 i A of subsection (1).

2. The percentage change referred to in sub-subparagraph 2 ii A of subsection (1).

3. The percentage change determined under subsection (2).

2. Table 2 of the Regulation is revoked.

Made by:
Pris par :

Le ministre des Affaires municipales et du Logement,

John Philip Gerretsen

Minister of Municipal Affairs and Housing

Date made: September 26, 2006.
Pris le : 26 septembre 2006.