On Monday, Ontario Premier Doug Ford’s government announced a cabinet shuffle following Steve Clark’s resignation as housing minister amidst the Greenbelt scandal.

I’ve scanned through the public disclosure statements Ontario MPPs are required to make and found that 38 per cent of cabinet members are landlords and/or invested in real estate (or have a spouse/common-law partner that is). 

This is just a teaser of a much broader investigation The Maple will be releasing later this month, which will list provincial representatives that are landlords/invested in real estate in eight of Canada’s provinces. This follows an investigation The Maple published earlier this year documenting which MPs are landlords/invested in real estate.

Below, you can see the table I put together of the 12 eligible Ontario cabinet members, their position and the nature of their real estate investment.

Cabinet Member Position Type Peter Bethlenfalvy Finance Landlord Stan Cho Long-Term Care Landlord Doug Downey Attorney General Involved in real estate, but no reported rental income Vic Fedeli Chair, Economic Development, Job Creation and Trade Owns non-residential property Rob Flack Associate Minister of Housing Owns non-residential property Parm Gill Red Tape Reduction Landlord Sylvia Jones Deputy Premier, Health Involved in real estate, but no reported rental income (spouse/common law) Todd McCarthy Associate Minister of Transportation Involved in real estate, but no reported rental income Monte McNaughton Labour, Immigration, Training and Skills Development Involved in real estate, but no reported rental income Greg Rickford Northern Development Involved in real estate, but no reported rental income Nina Tangri Associate Minister of Small Business Landlord Michael Tibollo Mental Health and Addictions Involved in real estate, but no reported rental income

And here are all relevant disclosure details for each of the cabinet members included in this list, which should give you a more detailed description of how they’re invested in real estate:

Peter Bethlenfalvy

  • “Investment income”
  • “Rental income”
  • “Rental income” (spouse/common law)
  • “Investment property - Residential, Naples FL - 100% interest.” (spouse/common law)

Stan Cho

  • “Real Estate Commissions - Royal LePage New Concept (Commissions were for sales activities carried out prior to 2018)”
  • “Rental Income”
  • “Investment properties: Residential, Toronto, ON - 50% interest.; Residential, Toronto, ON - 100% interest.; Residential, Toronto, ON - 50% interest.; Residential, Toronto, ON - 50% interest.”
  • “Investment property - Residential, Toronto, ON - 50% interest.” (spouse/common law)

Doug Downey

  • “Private company - Newfirm Investments Inc. (Holding company that leases property to law firm, Downey Tornosky Lassaline & Timpano Law Professional Corporation.) - 25% interest”

Vic Fedeli

  • “Vacant lot - North Bay, ON - 50% interest.”
  • “Vacant lot - North Bay, ON - 50% interest.” (spouse/common law)

Rob Flack

  • “Investment Property - Three parcels of land: Pembroke, ON; WIL CON 18 E; WIL CON 18 W. - 50% interest.”
  • “Investment & Registered Accounts: Brookfield Asset Management Inc.”
  • “Investment Property - Three parcels of land: Pembroke, ON; WIL CON 18 E; WIL CON 18 W. - 50% interest.” (spouse/common law)
  • “Investment & Registered Accounts: Brookfield Asset Management Inc.” (spouse/common law)

Parm Gill

  • “Rental income”
  • “Investment Property - Thorold, ON - 100% interest.”

Sylvia Jones

  • “Assets: Investment and registered accounts: Units – Dream Industrial REIT, Granite REIT, CT REIT.” (spouse/common law)
  • “Private companies: Credit Creek Village Inc. - 16% interest - active.; Broadway Village Inc. - 14% interest - active.” (spouse/common law)

Todd McCarthy 

  • “1012713 Ontario Limited (Real estate related to Flaherty McCarthy LLP) - 18% interest (active).”
  • “1061245 Ontario Limited (Commercial tenancy related to Flaherty McCarthy LLP) - 18% interest (active).”

Monte McNaughton

  • “Assets: Investment and registered accounts: Shares - Brookfield Asset Management Inc.” (spouse/common law)

Greg Rickford

  • “Assets: Investment and registered accounts: Sector-specific fund - Mortgage Company of Canada. Trust units - Centurion Apartment REIT, Rise Properties Trust.”
  • “Assets: Investment and registered accounts: Sector-specific funds - Mortgage Company of Canada, YTM Capital Mortgage Income Fund Class F. Trust units - Rise Properties Trust, Slate Securities Real Estate Performance Trust, Centurion Apartment REIT.” (spouse/common law)

Nina Tangri

  • “Rental income”

Michael Tibollo

  • “Guarantor for Yonge Street Holdings Limited - IC Savings.”
  • “Guarantor for Immobiliare MSF Inc. - IC Savings.”
  • “Guarantor for Tri-Matrix Corporation - Moya Financial Credit Union.”
  • “Private companies: Yonge Street Holdings Limited - Real Estate - 100% interest (active). Yonge Street Holdings has a lease agreement with the Ministry of the Solicitor General.; Immobiliare MSF Inc. - Real Estate - 100% interest (active).; Tri-Matrix Corporation - Real Estate - 100% interest (active).” (spouse/common law)