City Guideline 2015-8: 2016 Market Rent Indices for Non-Profit Housing Providers
|Date Issued||Effective Date|
|August 14, 2015||January 1, 2016|
Applicability to Social Housing Programs
The policies and procedures in this City Guideline are to be implemented under the following programs.
|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.
Market Rent Indices are used to calculate the Operating and Rent-Geared-to-Income (RGI) Subsidies for HSA Part VII (formerly Section 110 under the SHRA) non-profit housing corporations. The Market Rent Indices are issued each year by the Ministry of Municipal Affairs and Housing (MMAH), and are adjusted to reflect changes in the market rents for the area.
What you should know about the Market Rent Indices
- There are different Market Rent Indices for each of the rent districts in Toronto.
- Apartments and townhouses each have separate Market Rent Index tables.
- It is important to use the correct Market Rent Index to calculate your subsidy.
- There are no Market Rent Indices for stacked row housing. For any units considered to be stacked row housing, providers should use the apartment Market Rent Index.
Table 1 – 2016 Toronto Market Rent Indices (HSA Section 78, Market and RGI)
|Toronto 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 %|
- All Section 78, mixed market and RGI non-profit housing providers must use the 2016 Market Rent Indices to calculate the Operating and RGI Subsidies for their fiscal year beginning in 2016.
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