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Intertenancy Rent Decontrol in Ontario

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  • Lawrence B. Smith

Abstract

Intertenancy rent decontrol (referred to in Ontario as vacancy decontrol) forms the headstone of the Ontario rent-control system. The transition from a relatively rigid rent-control regime to intertenancy decontrol created distortions in the rental market, the most significant being the creation of a two-tier rent system with rent on decontrolled units above the rent that would have existed in the absence of controls. As an intertenancy system matures, maturation diminishes these distortions and recontrol provisions provide protection for long duration tenants. Alternative options for terminating intertenancy decontrol while retaining rent control all entail significant economic costs compared to the mature decontrol regime presently in Ontario.

Suggested Citation

  • Lawrence B. Smith, 2003. "Intertenancy Rent Decontrol in Ontario," Canadian Public Policy, University of Toronto Press, vol. 29(2), pages 213-225, June.
    • Handle: RePEc:cpp:issued:v:29:y:2003:i:2:p:213-225
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    References listed on IDEAS

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    1. Basu, Kaushik & Emerson, Patrick M, 2000. "The Economics of Tenancy Rent Control," Economic Journal, Royal Economic Society, vol. 110(466), pages 939-962, October.
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    3. Rapaport, Carol, 1992. "Rent Regulation and Housing-Market Dynamics," American Economic Review, American Economic Association, vol. 82(2), pages 446-451, May.
    4. Nagy, John, 1997. "Do Vacancy Decontrol Provisions Undo Rent Control?," Journal of Urban Economics, Elsevier, vol. 42(1), pages 64-78, July.
    5. Rosen, Kenneth T & Smith, Lawrence B, 1983. "The Price-Adjustment Process for Rental Housing and the Natural Vacancy Rate," American Economic Review, American Economic Association, vol. 73(4), pages 779-786, September.
    6. Deng, Yongheng & Gabriel, Stuart A & Nothaft, Frank E, 2003. "Duration of Residence in the Rental Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 26(2-3), pages 267-285, March-May.
    7. Smith, Lawrence B, 1974. "A Note on the Price Adjustment Mechanism for Rental Housing," American Economic Review, American Economic Association, vol. 64(3), pages 478-481, June.
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    Cited by:

    1. Arnott, Richard & Shevyakhova, Elizaveta, 2014. "Tenancy rent control and credible commitment in maintenance," Regional Science and Urban Economics, Elsevier, vol. 47(C), pages 72-85.

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