Date Issued | Effective Date |
---|---|
August 14, 2015 | January 1, 2016 |
The policies and procedures in this City Guideline are to be implemented under the following programs.
Applicability | Program |
X |
Housing Services Act, Part VII Housing Projects, Market and Rent-Geared-to-Income, Section 78 Housing Providers (formerly 110) |
Housing Services Act, Part VII Housing Projects, 100% Rent-Geared-to-Income, Section 78 Housing Providers (formerly 110) | |
Federal Non-Profit Housing, Section 26/27 | |
Federal Non-Profit Housing, Section 95 | |
Rent Supplement Programs for Sections 26, 27, 95 and New Affordable Housing Providers | |
Toronto Community Housing Corporation |
Please note: If your program is not checked, this City Guideline does not apply to your project.
Cost factors are inflationary factors that housing providers use to calculate:
The Ontario Ministry of Municipal Affairs and Housing (MMAH) reviews these factors each year and adjusts them to reflect changes in the Consumer Price Indices.
Housing providers must use the following cost factors when calculating their subsidies for fiscal year beginning January 1, 2016.
Item | Index Description | 2016 Index |
Administration and maintenance | Ontario CPI – All items | 1.0095 |
Insurance | Ontario CPI – Homeowner’s home and mortgage insurance sub-index | 1.1471 |
Bad debt | Market Rent Index | See MRI Table 3 below |
Electricity | Ontario CPI – Electricity sub-index | 1.0716 |
Water | Ontario CPI – Water sub-index | 1.0616 |
Natural gas | Ontario CPI – Natural gas sub-index | 0.8323 |
Oil and other fuel | Ontario CPI – Oil and other fuel sub-index | 0.8484 |
Capital reserves | Ontario CPI – All items | 1.0095 |
Item | Index Description | 2016 Index |
Vacancy loss | Market Rent Index | See MRI Table 3 below |
Non-rental revenue | Factor of 1 | 1.000 |
oronto District | Rent District Codes | Apartment Average Rent | (Row) Townhouse Average Rent |
---|---|---|---|
2016 Market Rent Index | 2016 Market Rent Index | ||
Toronto Zone 1 – Former City of Toronto (Central) | M1A1 | 2.0 % | 2.0 % |
Toronto Zone 2 – Former City of Toronto (East) | M1A2 | 2.0 % | 0.0 % |
Toronto Zone 3 – Former City of Toronto (North) | M1A3 | 2.0 % | 0.0 % |
Toronto Zone 4 – Former City of Toronto (West) | M1A4 | 2.0 % | 2.0 % |
Toronto Zone 5 – Etobicoke (South) | M1C1 | 0.8 % | 0.0 % |
Toronto Zone 6 – Etobicoke (Central) | M1C2 | 2.0 % | 2.0 % |
Toronto Zone 7 – Etobicoke (North) | M1C3 | 0.1 % | -2.9 % |
Toronto Zone 8 – York | M1F | 2.0 % | 0.0 % |
Toronto Zone 9 – East York | M1B | 1.1 % | -2.6 % |
Toronto Zone 10 – Scarborough (Central) | M1E1 | 2.0 % | 2.0 % |
Toronto Zone 11 – Scarborough (North) | M1E2 | -1.0 % | 0.0 % |
Toronto Zone 12 – Scarborough (East) | M1E3 | 1.6 % | 0.0 % |
Toronto Zone 13 – North York (Southeast) | M1D1 | 2.0 % | -4.4 % |
Toronto Zone 14 – North York (Northeast) | M1D2 | -2.5 % | 2.0 % |
Toronto Zone 15 – North York (Southwest) | M1D3 | 2.0 % | 0.0 % |
Toronto Zone 16 – North York (North Central) | M1D5 | -0.3 % | 0.0 % |
Toronto Zone 17 – North York (Northwest) | M1D4 | 2.0 % | -1.8 % |
Note that housing providers are not required to submit budget forms to the Social Housing Unit, but may continue to submit these forms if they prefer. If they do not submit budget forms, they must at least submit the following information.
If you have any questions, please contact your Housing Consultant or HSS:
Housing Stability Services
Shelter, Support & Housing Administration
City of Toronto
Metro Hall, 55 John Street, 6th floor
Toronto, ON M5V 3C6
Telephone: 416-392-4126
Email: HSS@toronto.ca
Website: www.toronto.ca/socialhousing