Ottawa Real Estate Investors Organization

To all OREIO members:
I sent an email to my Member of Parliament asking for a status and
here was his reply.  Essentially nothing confirmed still.
If anyone else finds out information, please let the group know.
Thanks,
Albert


From: Sterling, Norm [mailto:norm_sterling@ontla.ola.org]
Sent: Friday, April 21, 2006 4:14 PM
To: 'Albert Boudreau'
Subject: RE: Tenant Protection Act

Dear Mr. Boudreau,

In the Spring of 2004 the McGuinty government put out a consultation
paper on reforming Ontario's rental system.  They accepted comments
on the paper until June 2004 but have not come out with any proposed
legislation based on that process.  The Ministry of Municipal
Affairs and Housing Web site still promises new legislation and says
to check back for updates but does not say when any legislation
might be introduced.  The original consultation paper and the
continued promise of new legislation can be found at
http://www.mah.gov.on.ca/userfiles/HTML/nts_1_16663_1.html.

I am sorry that I don't have any more information for you than
that.  If we can assist you further with this or any other
provincial issue, please don't hesitate to contact us again.

Sincerely,

Lesley Daw
Legislative Assistant
Norm Sterling, MPP
Lanark-Carleton



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From: Albert Boudreau [mailto:albert.boudreau@sympatico.ca]
Sent: April 21, 2006 12:07 PM
To: norm.sterling@pc.ola.org
Subject: Tenant Protection Act

Mr. Sterling,

The current Tenant Protection Act states that landlords must pay 6%
interest on rent deposits to the tenants.  With bank interest rates
being around 1%, this has been a sore point for a number of years.
The McGuinty government was considering to cut that interest payment
in half and was hoping to have this legislation in place October
2004.

Where is this now?

Where on the internet can I go to get information on what changes
are being considered and updates on their progress?

Thank you,
Albert Boudreau