Investors vote to protect their houses

by Justin da Rosa on 26 May 2017
When asked whether marijuana regulations should prohibit growing in rental units, CREW readers voted massively in favour.

A whopping 89% said the government should update pot rules to prohibit growing in rentals; compared to 8% who said no and 2% who are undecided.

“I believe they should since renters have no to stake in the property and (because of) how much damage that could be done to the home,” one CREW reader wrote in the forum. “Who will know how many plants were grown in the home? Owners will have to be vigilant when drafting rental agreements.”

The Cannabis Act was introduced in the House of Commons last week. Under the act, adults will be permitted to grow as many as four marijuana plants in their homes.

The announcement had one landlord group calling for reform.

"Fundamentally we want marijuana growing to still be prohibited in rental units and in multiple-dwelling units, (including) condos (and) co-operatives," The Canadian Federation of Apartment Associations President John Dickie told CBC News. "Because, from that point of view, there are impacts on the neighbours."

There are also concerns about the impact grow-ops can have on the resale value of a home because of the stigma attached to those homes.

Growing plants in-house can also cause mould issues and increase the possibility of fire hazards, both of which could result in costly bills for homeowners.

Many lenders also shy away from financing former grow-op homes, according to several mortgage brokers.

"I think the government is obviously balancing a lot of issues here," Dickie told CBC. "They do want to break the black market, and that's important. But we think we can break the black market if they let people [only] grow it in their own owner-occupied homes, and the product is readily available in stores or by mail order."

For their part, some landlords argue the situation should be evaluated on a case-by-case basis.

“I think that should be up to the owner of the building being rented and put into their lease. Marijuana plants in themselves are simply plants, as is a tomato plant, a fern etc.,” another reader wrote. “You only have problems if people are using humidity and lights. (But) many household plants are grown in front of windows.”

Related stories:
Selling a pot-growing home in B.C. might prove tricky
New federal regulations to allow growing of medical marijuana at home

Post a Comment

Most Trending News

Toronto property taxes explained

No matter where you are, there are going to be some recurring costs associated with your investment. Here, we'll explain how property taxes work in Toronto.

Read More
Assessing average condo size: Toronto paying more for less

Data from Statistics Canada and Royal LePage indicate that in recent years, the square footage of Toronto condos has been shrinking at an arming rate.

Read More
Mortgage rates back up as GOC bond yields rise

Global bond yield rates are up this month, and Canada is not missing out on the action. Yield rates surged to 1.24% from the 0.85% of late September.

Read More