>The provincial maximum on rent-controlled apartments last year was 2.5 per cent, but Sharpe’s building has no limit because Ontario Premier Doug Ford removed controls on any rental units built or occupied after November, 2018.
Rent control does still apply after a renovation, and the renter has the right to move back in after renovations are complete.
But of course this isn't practical for many people, as they'll need somewhere else to live, and the landlord can drag out the renovation as long as they want to. The landlord does have to give you 1-3 months rent, but if you're in a rent-controlled apartment, that may not cover your rent elsewhere. And of course some landlords aren't going to follow the rules, and many tenants don't know their rights.
Demolishing the apartment building and building a new one gets around this too, which is common when a small building is replaced with a large tower. The new building won't have rent control.