The City of Waterloo's attempt to regulate rental housing by adopting a by-law was approved by City Council on May 9th.
Highlights include:
- Bedroom limits for class A or B homes increased from three to four.
- Class E licenses have been extended to 36 months (originally 18 months).
- Police checks will be required of all landlords, and renewed every five years thereafter (instead of yearly).
- Block licensing available for some townhomes held under a single ownership.
- All landlords will need to complete an online education session.
- Existing lodging houses will be grandfathered.
- Council directed staff to return with a revised funding model based on the changes on bedroom limits.
The full by-law can be found at this link: http://www.kwar.ca/rental/RentalBy-law2011-047.pdf
Contact me if you would like a full rundown of the by-law and its ramifications for home owners.
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