Rental rules in Ontario change today. Here’s what tenants and landlords need to know

Starting today, Ontario's rental market sees significant updates to the Residential Tenancies Act, aiming to address longstanding issues between tenants and landlords. Key changes include stricter timelines for tenants to pay overdue rent, which landlords claim will help curb rent evasion. These reforms are crucial as they aim to create a fairer, more transparent rental environment, potentially impacting housing stability and rental prices. Overall, the changes reflect ongoing efforts to balance the rights and responsibilities of both parties in the rental market.