Peter Lim

Five Key Ontario Housing Law Changes Effective in 2025

• Several significant housing laws and regulations came into effect in Ontario during 2025, addressing issues like renovictions, increasing housing supply, and improving building code harmonization.

• Toronto implemented a Rental Renovation Licence By-Law, effective July 31, 2025, requiring landlords to obtain a license and create tenant accommodation plans before issuing N13 notices to end tenancy for renovations, thus combating renovictions.

• Amendments to the Ontario Building Code, effective January 1, 2025, now allow for mass timber buildings up to 18 storeys, increasing housing density and utilizing sustainable building materials.

• Further amendments to the Ontario Building Code, also effective January 1, 2025, aim to streamline processes and increase harmonization with National Construction Codes, reducing regulatory burdens for developers.

• Toronto's short-term rental by-laws, with the final phase effective January 1, 2025, increased registration fees, clarified licensing categories (entire-unit vs. partial-unit), and restricted advertising for partial-unit rentals to protect long-term housing.

• Updates to Household and High Need Income Limits (HILs and HNILs) under the Housing Services Act, effective January 1, 2025, adjusted income thresholds for housing assistance based on updated Canada Mortgage and Housing Corporation data, ensuring better alignment with current housing costs.

• These changes reflect a concerted effort by the provincial and municipal governments to address the housing affordability crisis in Ontario through various regulatory and legislative means.

5 Ontario Housing Laws And Regulations Taking Effect In 2025 Out with the old and in with the new, as they say. With the new year comes new housing laws and regulations that will impact everyone from builders to buyers and renters across Ontario (and in Toronto, specifically). Major changes to be aware of include the implementation of provincial and municipal...

Do you currently have a private lender who does not want to renew your loan due to the changing market conditions or is asking for a hefty renewal fee to extend the loan?

I want you to know that you have options, and I also want to give you some tips to help navigate the situation:

Ensure that your payments are up to date while you negotiate or explore other alternatives. Do not let your interest payments fall behind, as that gives the lender a strong reason to pursue collections via a power of sale.

Reach out to your mortgage broker and have them assess the situation and present you with alternate options to exit the loan. Have them put together a letter addressed to the lender indicating that they will be paid out. This will give you leverage in negotiating an extension and potentially lower the fees for that extension.

If you are not happy with the options presented to you, seek a second opinion. We've had clients approach us thinking that their only option was to renew or switch to another private lender,
and we were able to get them qualified with banks.

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