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Updated over 5 years ago,
Ontario rent-to-income ratio
This is a question for any landlords or investors in Ontario:
The landlord tenant act and human rights code state that unless you are providing subsidized housing, it is illegal to us a rent-to-income ratio as a method for selecting tenants.
I understand that someone who does not meet your ideal rent-to-income ratio is likely to have one other legal screening criteria unmet, but have any of you run into problems with this? How are effectively financially screening your tenants without violating this law?
Thanks,
David