New landlord licensing in Ottawa

Has anyone heard of this new licence for landlords that they are proposing in Ottawa? The article was in the Citizen today (http://www.ottawacitizen.com/business/Fight+brewing+over+landlord+licences/2174390/story.html). This pretty much sums it up

“A landlord would be required to register (for a licence), and the notion is that if you fail to meet the standards of providing appropriate service … that you lose your licence and would not be able to rent out your place,”

The article goes on to say that the city would inspect the rental properties every year to make sure that they follow city bylaws and health and safety regulations. Is this even feasible? I think the cost would be outrageous and the licensing fee would have to be very high for them to pay for all of this. What are your thoughts?