• Piotr Boruslawski

“Renovictions” on the rise during construction season

Maxime Roy-Allard, spokesperson for the Regroupement des comités logement et associations de locataires du Québec (RCLALQ) explains in la Presse the facts pertaining to renovictions in Montreal. Housing law gives tenants the right to remain on the premises and to oppose the rent increase following any kind of renovation. In addition, if the tenant needs to be temporarily relocated during the work, the move and additional costs are borne by the landlord. These costs cannot be reimbursed by a subsequent rent increase, the courts have ruled. Upon the tenant's return to the unit at the end of the work, the rent setting regulation allows the landlord, at the renewal of the lease, to recover about $2 per month in rent increase for each $1,000 of major work. At this rate, the work will be amortized over a 41-year period. According to l’Institut de recherche et d’informations socioéconomiques (IRIS), rental real estate investment provided an annual return of 24% over a 15-year period, between 2005 and 2020, a period marked by lower interest rates, which had the effect of boosting the value of buildings. Read more...

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