2016-2017 Budget: Rental housing owners have been forgotten!

Montreal, March 18, 2016 --- The Association of Québec Landlords (APQ) notes with regret that the rental property owners are, once again, the big forgotten ones of Mr. Leitao’s budget.

“After LogiRenov, it is now Renovert that is offered to homeowners. But make no mistake! Not to all owners! If you have a dwelling and you want to renovate to improve the housing conditions, you will receive nothing!” says Martin Messier, President of the APQ.

Also, 1200 supplementary new rental units will be granted in 2016-2017 at a cost of $5 million.

“But these subsidies remain clearly insufficient to support the rental market. It is high time to adopt legislative changes and encourage investment to upgrade the dwellings,” says Martin Messier, President of the APQ.

And the Government will authorize the construction of 1,500 new social housing, community and affordable apartments.

“We must allow a tenant to live in an apartment of his choice through support to the person rather than to the stone, and this would reduce government spending,” adds the APQ.

A reform of the rent-setting method is essential to modernize the existing infrastructure.
We must give the owners the right to a reasonable rent increase to properly maintain their buildings.

The Association of Québec Landlords (APQ) requests a comprehensive reform of the rental field: with adjusted setting-of-the-rent criteria with a 10-year ROI, a security deposit, tax credits for renovation and modernization of the dwellings, the abolition of section G, etc ...

Founded in 1984, the Québec Landlords Association (APQ) is the most important association to offer services to rental property owners. It has been serving the owners of all the regions of Quebec for over 30 years. In addition to offering, to duplex or triplex owners as well as to real-estate managers, an assessment service on tenants which is unique in Quebec.

18 March 2016
Copyright APQ