Toronto Tenants Launch Rent Strike Against Above-Guideline Rent Increases

Over 100 tenants in a Thorncliffe Park apartment complex have launched a rent strike in protest of proposed above-guideline rent increases (AGIs) of nearly 10 percent over the past two years, according to a tenant advocacy group. 

The Federation of Metro Tenants’ Associations (FMTA) shared copies of 2022 and 2023 notices with CBC Toronto, revealing that residents of 71, 75, and 79 Thorncliffe Park Drive were notified of rent increases ranging from 4.94% to 5.5%, compared to last year’s 4.2% increase.

Many of the apartment complex’s tenants are immigrants, and some of them believe that the AGIs are more of an attempt to push them out of their community.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The Landlord and Tenant Board (LTB) has yet to approve the AGIs. In Ontario, landlords can only increase rent for existing tenants per the province’s annual rent increase guideline, set at 2.5% this year. AGIs, however, allow landlords to impose an additional 3% per year for three years for capital expenditures like major repairs or renovations.

If approved, the AGIs could be applied retroactively to tenants who had not been paying the increase since 2022 or had not agreed to pay the proposed AGI last month. Philip Zigman, an organizer from FMTA, acknowledged that these types of rent increases are legal but criticized the disparity in financial responsibility, with tenants unable to afford the increases while landlords can afford renovations and maintenance.

Some tenants participating in the strike have already received eviction notices, according to Zigman. 

Starlight Investments and the Public Sector Pension Investment Board (PSP Investments) own the buildings. The company, which is responsible for the day-to-day operations, stated that it applied for AGIs after improving the buildings’ structure and safety. They expressed disappointment with tenants withholding rent payments and emphasized that participating in the rent strike could jeopardize a resident’s tenancy.

Starlight stated that it would continue to offer rent relief to struggling tenants, but participating in the rent strike would be considered a potential breach of the rental agreement. 

The Thorncliffe Park rent strike, which began on May 1, is the second in Toronto triggered by above-guideline rent increases, highlighting growing concerns over affordable housing in the city.


Information for this story was found via Global News, CBC News, Toronto Star, Twitter, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Gold & Copper Stocks Everyone Keeps Asking About | Oct. 12-16 – Weekly Mining Mailbag

Similar Gold Mines Are Valued 10X Higher. Why Not This One? | JW Dumont – Granada Gold Mine

The US Interest Bill Gold Can’t Ignore | Peter Grandich

Recommended

First Majestic Produces 3.4 Million Ounces of Silver in Q3 2026, Jerritt Canyon Restart Remains on Track

Altamira Gold Drills 134 Metres of 0.5 g/t Gold at Maria Bonita, Hole Ends in Mineralization

Related News

Toronto Real Estate Developer Accused Of Fraud Now Appointed To Ontario Environment Ministry Committee

A director of the Markham-based real estate developer Sunrise Homes who’s currently facing allegations of...

Thursday, October 5, 2023, 10:57:00 AM

Federal Housing Minister Acknowledges Toronto Condo Market Is in ‘Free Fall’

Federal Housing Minister Gregor Robertson acknowledged Wednesday that Toronto’s condominium market is in “free fall.”...

Saturday, September 6, 2025, 01:44:00 PM

Canada’s Wealth Gap Hits Five-Year High as Stock Gains Bypass Most Households

Canada’s wealthiest households captured their largest share of national net worth since 2020 last year,...

Tuesday, May 5, 2026, 07:10:00 AM

Homeownership Feels Out of Reach for Many Canadians

A new CIBC survey reveals that 76% of Canadians who don’t own a home feel...

Friday, April 12, 2024, 08:06:37 AM

39% In Ontario, BC Want To Leave Province Due To Soaring Housing Cost

Canada is witnessing a housing affordability crisis, prompting significant numbers of its residents to contemplate...

Thursday, July 4, 2024, 02:26:00 PM