Here's what Trudeau says the upcoming federal budget will offer renters
The federal government will create a new "Canadian Renters’ Bill of Rights," which would require landlords to disclose their properties’ rental price history to prospective tenants.
Prime Minister Justin Trudeau made the announcement Wednesday in Vancouver, saying it's one of three new measures that will be part of the upcoming federal budget, which will also include a new housing aid fund and a push to have rental payments affect credit scores.
Rental demand outpaced supply in most major markets across the county last year, according to the Canada Mortgage and Housing Corp.'s (CMHC) review published in January. The average purpose-built two-bedroom apartment went for $1,359 per month, while condo rental costs sat at $2,049.
Canada's overall vacancy rate fell to a new low at 1.5 per cent last year. Regionally, rates declined in most of Canada's larger cities, while rental costs surged.
Tenants' rights advocates have long championed the concept of a rental registry, which could allow renters to see what the previous tenant paid for a unit before accepting a new rate.
The incoming "Bill of Rights" aims to empower renters to "bargain fairly," a Wednesday press release said.
Alongside it, Trudeau promised a $15-million fund for provincial legal aid services to "protect tenants against unfairly rising rent payments, renovictions, or bad landlords."
"In today's Canada, more people are renting than ever before … Nearly two thirds of young Canadians rent their homes," he said, adding that younger people spend larger portions of their incomes on rent than other generations have.
"Maybe young people want to start a family, but they don't know how they can afford something bigger than a one-bedroom apartment."
The new rules will require significant buy-in from the provinces, which could be a "battle," Cedric Dussault, a tenants' advocate with Quebec-based organization RCLALQ, says.
"To be frank, we're not sure this is really up to the federal government to enact," he told CTVNews.ca in a phone interview shortly after Trudeau's announcement, which he called "surprising."
Dussault also threw cold water on the aid fund for provincial organizations.
"It's better than nothing," he said. "It seems like a lot of money, but when we look at the whole country, at all the needs of all the tenants across the country, it will be used up quickly."
Housing disputes can take years to make their way through the courts, Dussault explained, while staff salaries and legal consultation fees could also add up.
"We are facing an explosion of demands from tenants," he said.
Building credit scores
The government will also amend the Canadian Mortgage Charter and "call on" banks and credit companies to incorporate rental payments into Canadians' credit history, the press release said.
"This will make it easier for you to qualify for a mortgage, or even qualify you for a lower rate," Trudeau said, lamenting that a property owner can build their credit score while paying down their mortgage, but someone paying monthly rent cannot.
"You're spending $2,000 a month on rent. That gives you no kudos. It gives you no credit," he said.
Deputy Prime Minister and Finance Minister Chrystia Freeland announced earlier this month that the 2024 federal budget will be presented on Tuesday, April 16.
Noting that Canadians continue to feel the squeeze of inflation, while increasingly becoming preoccupied with looming mortgage renewals, Freeland signalled then that the budget would focus on housing, affordability and jobs, while balancing the need to remain "fiscally prudent" by limiting major new spending plans.
With files from CTV News' Rachel Aiello
IN DEPTH
Budget 2024 prioritizes housing while taxing highest earners, deficit projected at $39.8B
In an effort to level the playing field for young people, in the 2024 federal budget, the government is targeting Canada's highest earners with new taxes in order to help offset billions in new spending to enhance the country's housing supply and social supports.
'One of the greatest': Former prime minister Brian Mulroney commemorated at state funeral
Prominent Canadians, political leaders, and family members remembered former prime minister and Progressive Conservative titan Brian Mulroney as an ambitious and compassionate nation-builder at his state funeral on Saturday.
'Democracy requires constant vigilance' Trudeau testifies at inquiry into foreign election interference in Canada
Prime Minister Justin Trudeau testified Wednesday before the national public inquiry into foreign interference in Canada's electoral processes, following a day of testimony from top cabinet ministers about allegations of meddling in the 2019 and 2021 federal elections. Recap all the prime minister had to say.
As Poilievre sides with Smith on trans restrictions, former Conservative candidate says he's 'playing with fire'
Siding with Alberta Premier Danielle Smith on her proposed restrictions on transgender youth, Conservative Leader Pierre Poilievre confirmed Wednesday that he is against trans and non-binary minors using puberty blockers.
Supports for passengers, farmers, artists: 7 bills from MPs and Senators to watch in 2024
When parliamentarians return to Ottawa in a few weeks to kick off the 2024 sitting, there are a few bills from MPs and senators that will be worth keeping an eye on, from a 'gutted' proposal to offer a carbon tax break to farmers, to an initiative aimed at improving Canada's DNA data bank.
Opinion
opinion Don Martin: Gusher of Liberal spending won't put out the fire in this dumpster
A Hail Mary rehash of the greatest hits from the Trudeau government’s three-week travelling pony-show, the 2024 federal budget takes aim at reversing the party’s popularity plunge in the under-40 set, writes political columnist Don Martin. But will it work before the next election?
opinion Don Martin: The doctor Trudeau dumped has a prescription for better health care
Political columnist Don Martin sat down with former federal health minister Jane Philpott, who's on a crusade to help fix Canada's broken health care system, and who declined to take any shots at the prime minister who dumped her from caucus.
opinion Don Martin: Trudeau's seeking shelter from the housing storm he helped create
While Justin Trudeau's recent housing announcements are generally drawing praise from experts, political columnist Don Martin argues there shouldn’t be any standing ovations for a prime minister who helped caused the problem in the first place.
opinion Don Martin: Poilievre has the field to himself as he races across the country to big crowds
It came to pass on Thursday evening that the confidentially predictable failure of the Official Opposition non-confidence motion went down with 204 Liberal, BQ and NDP nays to 116 Conservative yeas. But forcing Canada into a federal election campaign was never the point.
opinion Don Martin: How a beer break may have doomed the carbon tax hike
When the Liberal government chopped a planned beer excise tax hike to two per cent from 4.5 per cent and froze future increases until after the next election, says political columnist Don Martin, it almost guaranteed a similar carbon tax move in the offing.
CTVNews.ca Top Stories
What is whooping cough and should Canadians be concerned as Europe declares outbreak?
There is currently a whooping cough epidemic in Europe, with 10 times as many cases compared to the previous two years. While an outbreak has not been declared nationwide in Canada, whooping cough is regularly detected in the country.
Ontario Provincial Police arrest 64 suspects in child sexual exploitation investigation
Ontario Provincial Police say 64 suspects are facing a combined 348 charges in connection with a series of child sexual exploitation investigations that spanned the province.
'Summer of discontent': Federal unions vow to fight new 3-day a week office mandate
Federal unions are launching legal challenges and encouraging public sector workers to file "tens of thousands" of grievances over the new mandate requiring federal workers to return to the office at least three days a week in the fall.
Watch fighter jet pilots pummel fake enemy ship off coast of Philippines
The United States and Philippines held annual joint-training drills just off the Southeast Asian nation’s western coast on Wednesday. Military forces sunk a 'mock' enemy warship – the BRP Lake Caliraya, which was a decommissioned tanker made in China.
'Ozempic babies': Reports of surprise pregnancies raise new questions about weight loss drugs
Numerous women have shared stories of 'Ozempic babies' on social media. But the joy some experience in discovering pregnancies may come with anxiety about the unknowns.
OPINION What King Charles' schedule being too 'full' to accommodate son suggests
Prince Harry, the Duke of Sussex, has made headlines with his recent arrival in the U.K., this time to celebrate all things Invictus. But upon the prince landing in the U.K., we have already had confirmation that King Charles III won't have time to see his youngest son during his brief visit.
'I killed four people': Trial hears video evidence of Jeremy Skibicki at Winnipeg trial
“I killed four people,” alleged serial killer Jeremy Skibicki told two homicide detectives during a recorded interview played as evidence in his trial Wednesday.
AstraZeneca says it will withdraw COVID-19 vaccine globally as demand dips
AstraZeneca said on Tuesday it had initiated the worldwide withdrawal of its COVID-19 vaccine due to a 'surplus of available updated vaccines' since the pandemic.
Seafood, eat food: Calgary Stampede releases Midway menu
The Calgary Stampede has released its menu of sweet, salty and spicy treats available on the Midway for the Greatest Outdoor Show on Earth.
Local Spotlight
Mother collecting helmets for Manitoba First Nations to honour daughter’s legacy
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.
Northern Ont. woman makes 'eggstraordinary' find
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
P.E.I. lighthouse, N.B. river spotlighted in Canada Post series
A P.E.I. lighthouse and a New Brunswick river are being honoured in a Canada Post series.
'It looked so legit': Ontario man pays $7,700 for luxury villa found on Booking.com, but the listing was fake
An Ontario man says he paid more than $7,700 for a luxury villa he found on a popular travel website -- but the listing was fake.
Investigating the tale of Winnipeg's long-running mystery bookstore
Whether passionate about Poirot or hungry for Holmes, Winnipeg mystery obsessives have had a local haunt for over 30 years in which to search out their latest page-turners.
'Love has no boundaries': Sask. couple in their 90s and 80s get married
Eighty-two-year-old Susan Neufeldt and 90-year-old Ulrich Richter are no spring chickens, but their love blossomed over the weekend with their wedding at Pine View Manor just outside of Rosthern.
Twin Alberta Ballet dancers retire after 15 years with company
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
Video shows gaggle of geese stopping traffic on Highway 1 near Vancouver
A mother goose and her goslings caused a bit of a traffic jam on a busy stretch of the Trans-Canada Highway near Vancouver Saturday.
B.C. mayor stripped of budget, barred from committees over Indigenous residential schools book
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.