This initiative is to encourage residential property owners to make affordable rental homes available for low-income earners. Owners will receive a financial payment of $10,000 to $13,000 per property, per year, and will also be guaranteed that rent is paid for the term of the lease. Properties are managed by an experienced property manager.
This is a pilot program and it is anticipated that 110 properties will be made available under this initiative by June 2019.
To see the complete list of eligibility criteria, please visit the Private Rental Incentives web page.
For more information about this initiative, please visit the Private Rental Incentives web page.