Toronto Renters Forum
General => General Discussion => Topic started by: anonymoustenant on June 30, 2022, 09:49:56 am
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The guideline rent increase for 2023 has been announced, it’ll be 2.5%:
https://news.ontario.ca/en/release/1002167/ontario-caps-2023-rent-increase-guideline-below-inflation-at-25-per-cent (https://news.ontario.ca/en/release/1002167/ontario-caps-2023-rent-increase-guideline-below-inflation-at-25-per-cent)
The announcement goes on to state:
“As Ontario families face the rising cost of living, our government is providing stability and predictability to the vast majority of tenants by capping the rent increase guideline below inflation at 2.5 per cent,” said Steve Clark, Minister of Municipal Affairs and Housing. “We continue to look for ways to make homes more attainable for hardworking Ontarians, while making it easier to build more houses and rental units to address the ongoing supply crisis.”
Doug Ford’s Conservatives are taking credit for capping the rent increase, but it wasn’t them who capped the guideline. The 2.5% maximum of the guideline rent increase amount is codified in Section 120 (2) 2, "Guideline", of the Residential Tenancies Act:
https://www.canlii.org/en/on/laws/stat/so-2006-c-17/latest/so-2006-c-17.html#sec120subsec2
This is not a change the Conservatives introduced into the law – that stipulation has been in the Residential Tenancies Act since June 19 of 2012 (according to Canlii), when it was passed into law by Dalton McGuinty’s Liberal government.
So it’s good news about the guideline being capped, but disappointing to see Ford taking credit he is not due.