The rent freeze applies to both market and RGI households living in the majority of rentai units covered by the RTA, including:

• Newly built units occupied for the first time on or after November 15, 2018, which are typically exempt from the rent increase guideline;

• Purpose-built rental apartments, condos, houses and basement apartments;

• Rented sites in mobile home parks and land lease communities;

• Care homes, including retirement homes;

• Affordable housing units created through various federally and/or provincially funded programs; and

• Households living in community housing that receive rent-geared-to-income (RGI) assistance or pay iow end of market rent, with the exception of non-profit housing co-op members who pay market rates.

What this means for our Social Housing Providers/Rent Supplement Administrators

No rent increases can come into effect for 2021, even in situations where a househoid's income increases, household composition increases and/or a household becomes ineligible for RGI assistance e.g., overhoused, income above household income limits.

Social housing providers are required to continue decreasing RGE rents for households that experience a decrease in their household income.

social Housing Providers and Rent Supplement Administrators are still required to conduct annual reviews and in—year rent re-calculations in 2021. However, any calculated rent increase resulting from an annual or in-year review would not take effect in 2021.

After the rent freeze period has ended, starting January 1, 2022, geared~to—income rent could increase to reflect household income calculated in the most recent annual or in—year review, subject to the Housing Services Act, 2011 (HSA) regulations on effective dates of rent increases. Social housing providers and landlords can issue proper 90 day notices for a rent increase prior to the end of the rent freeze for an increase to take effect starting in 2022 (january 1, 2022 or later).

For example, an RGI household paying $300 per month in rent reports an income increase through their scheduled annual review in 2021. While their rent would be re-calculated, the household would continue to pay $300 a month for the remainder of the 2021 calendar year. The rent increase would come into effect January 1, 2022.

What this means for our Rental Housing Capital and Ontario Renovates Multi-Residential Proponents

The residential rent increase guideline for 2021 has been amended from 1.5% to 0%, therefore residential landlords inclusive of our Rental Housing Capital Proponents are not permitted to increase residential rents from January 1, 2021 to December 31, 2021.