Toronto Renters Forum

Common Tenant Problems => Rent => Topic started by: KatieS on June 30, 2022, 10:19:48 am

Title: Ontario increases amount landlords can raise rent by highest level in a decade
Post by: KatieS on June 30, 2022, 10:19:48 am


https://toronto.ctvnews.ca/ontario-increases-amount-landlords-can-raise-rent-by-highest-level-in-a-decade-1.5968069 (https://toronto.ctvnews.ca/ontario-increases-amount-landlords-can-raise-rent-by-highest-level-in-a-decade-1.5968069)


CTV News reports:

"Ontario is more than doubling the maximum rate a landlord can raise a tenant's rent next year – marking the highest rent increase guideline in the province in a decade.

On Wednesday, the province announced Ontario’s rent increase guideline for 2023 is 2.5 per cent.

Previously, landlords were allowed to raise rent by 1.2 per cent in 2022, following a rent freeze that rolled out in 2020 to help Ontarians through the onset of the COVID-19 pandemic.

The last time Ontario’s rent increase guidelines reached 2.5 per cent was in 2013."