Average Market Rents definition

Average Market Rents means the average rent figures, based on geographical areas and classified by bedroom count, as determined annually in the CMHC Average Market Rent Survey or as determined by the Minister, based on available data, in areas where there is no or insufficient information from the CMHC Average Market Rent Survey;
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Average Market Rents or “Average Rents” or “AMR” means average monthly City- wide rents by bedroom type as determined in the autumn survey published by CMHC for the prior calendar year; if CMHC does not publish a survey of City-wide rents, then “average market rents” for the calendar year shall be City-wide average rents as determined by the City.
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Average Market Rents or “Average Rents” or “AMR” means average monthly Toronto-wide rents by unit type as determined in the end-of-year survey of City-wide rents for the prior calendar year published by CMHC; if CMHC does not publish a survey of City-wide rents, then “Average Market Rents" for the calendar year shall be City-wide average rents as determined by the City acting reasonably;
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Examples of Average Market Rents in a sentence

  • Subject to Council approval, an exemption from taxation for municipal and school purposes for the remaining Dwelling Units [Dwelling Rooms] will be granted upon confirmation by the Proponent that all units are being rented at or below 100% of CMHC Average Market Rents.

  • The Rent of all Units in a Project for which Program funding has been utilized shall not exceed the Average Market Rents in the geographical area, as determined by the most recent CMHC Annual Rental Market Survey; or as determined by the City or Minister.

  • The Tenant shall ensure that Monthly Occupancy Costs remain at or below Average Market Rents and Units are made available only to households with incomes at or below the Initial Income Limit, all as defined and set out in the City's Municipal Facilities Housing By-Law, 124-2016.

  • Average Market Rents The Ministry updates AMR information on its website annually.

  • If SMs are of the opinion that Household Income Limits (HILs) in the annually amended Ontario Regulation 370/11 under the Housing Services Act, 2011 are too low and do not correlate with CMHC’s Average Market Rents (AMRs) for their areas, they can submit a written request through their Ministry contacts (see Appendix A), for modifications to their HILs. Unit Eligibility Self-contained units and congregate living arrangements are both eligible for funding.


More Definitions of Average Market Rents

Average Market Rents means average monthly City-wide rents by unit type as determined in the annual fall survey of City-wide rents for the prior calendar year published by the Canada Mortgage and Housing Corporation (CMHC); if CMHC does not publish an annual fall survey of City-wide rents for the prior calendar year, then Average Market Rents for the calendar year shall be City-wide average rents as determined by the Director;
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Average Market Rents. (“AMRs”) means the average rent figures, based on geographical areas and classified by bedroom count, as determined annually in the CMHC Average Market Rent Survey or as determined by the Minister, based on available data, in areas where there is no or insufficient information from the CMHC Average Market Rent Survey;
Sample 1Sample 2Sample 3
Average Market Rents means the average rent figures, based on geographical areas and classified by bedroom count, as determined annually in the CMHC Average Market Rent Survey;
Sample 1Sample 2Sample 3
Average Market Rents means the average market rents for Toronto (City-wide) published annually by Canada Mortgage and Housing Corporation;
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Average Market Rents means average monthly City-wide rents by unit type as determined in the annual fall survey of City-wide rents for the prior calendar year published by CMHC; if CMHC does not publish an annual fall survey of
Sample 1Sample 2Sample 3
Average Market Rents or “Average Rents” or “AMR” means average monthly City-wide rents by bedroom type as determined in the autumn survey published by CMHC for the prior calendar year; if CMHC does not publish a survey of City-wide rents, then “average market rents” for the calendar year shall be City-wide average rents as determined by the City.
Sample 1
Average Market Rents or “Average Rents” or “AMR” means average monthly Toronto-wide rents by unit type as determined in the end-of-year survey of City-wide rents for the prior calendar year published by CMHC; if CMHC does not publish a
Sample 1