Report: Renovation Investment and the Role of Vacancy Decontrol
FRPO released a second research report undertaken by Urbanation, this time focused on the importance of vacancy decontrol. The report attached is called Renovation Investment and the Role of Vacancy Decontrol. Key findings of the report include three quarters (77%) of purpose built rentals in Ontario received renovation expenditures of $5,000 or more since 2012 with a total investment of $5.2 billion as a result of vacancy decontrol.
Vacancy decontrol is a key component on Ontario’s Rental Tenancies Act. With the next provincial election approaching, it is important the industry detail the economic contribution and impact of this policy.
Read the report: