Bill 60: Faster, Fairer Rental Rules for Ontario Landlords

Three things Ontario landlords and property investors need to know.

I’m not just a mortgage broker. I’m also a landlord and a property investor.That’s why I pay attention to changes like Bill 60. When rental income helps cover mortgages, condo fees, and long term planning, the rules matter.

Bill 60, the Fighting Delays, Building Faster Act, 2025, introduces practical changes aimed at reducing delays and improving predictability for responsible landlords.

Here’s what actually changed.

1. Own-Use Evictions (N12): No Compensation With Proper Notice

Landlords no longer have to pay one month’s rent as compensation if:

• At least 120 days’ notice is given, and

• The termination date falls at the end of the lease term or rental period

For landlords and investors who plan ahead, this makes regaining possession clearer and more predictable.

2. Rent Arrears Cases: 50 Percent Rule Before Repair Defenses

Tenants must now pay at least 50 percent of the arrears before raising maintenance or repair issues at an arrears eviction hearing.

This keeps hearings focused on rent owed and limits last minute delay tactics that affect cash flow.

3. Faster Eviction Timelines

Key timelines have been shortened:

• N4 filings can happen after 7 days, down from 14

• LTB decision reviews are now 15 days, down from 30

For property investors, this means faster outcomes and reduced periods of unpaid occupancy.

What Landlords and Investors Should Do Now

• Use the shorter N4 timeline

• Plan N12 dates carefully to qualify for no compensation

• Keep clear arrears records and issue notices immediately

• Track the 15 day review window closely

• Watch for updated LTB forms and procedures

Bottom line:Being a landlord is running a business, not a hobby.That’s why changes like Bill 60 matter. They affect timelines, cash flow, and how predictable your rental income really is.

If you’re a property investor, or you’re thinking about purchasing a rental property, it’s important to understand how rental income is used when qualifying for a mortgage. The way lenders look at that income can vary, and getting it right upfront matters.

We’re here to have that conversation with you. Give us a ring at 289-645-1568 and we’ll walk through how rental income can be used for mortgage qualification.