Attorney Michael Thiele’s Interviewed on CTV about The LTB Backlog

 

Attorney Michael Thiele, Senior Partner with Quinn Thiele Mineault Grodzki LLP, spoke with CTV News recently to help bring clarity to the situation around the Ontario Landlord Tenant Board (LTB) and its backlog of cases. Thiele talked about the grave scenario offering insights and an expert’s perspective.  

During the course of the interview, Thiele offers an overview of the situation, lamenting the fact that while the disruptions of COVID-19 rippled across the Canadian economy, the housing market has experienced multiple hits since March 2020. Housing prices have increased 34%. Many families are now spending up to 64% of their income on housing. Although interest rates are still affordable, despite recent hikes, many potential homeowners are priced out of the market. Tenants and landlords haven’t fared much better. Some landlords and tenants are waiting months, if not years, for resolutions from the Ontario Landlord Tenant Board (LTB) due to a backlog of cases. It’s leaving both parties in limbo. “They can’t plan, they’re losing income, they’re left in limbo, and it’s a really difficult time to be a landlord or a tenant,” said Thiele. Read More..

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