The Macchiusi Sales Team, Weiss Realty Ltd Brokerage (2022)
Rent Increase Guideline
Rent increase guidelineFor 2017: the rent increase guideline is 1.5% for increases between January 1 and December 31, 2017.
For 2018: the rent increase guideline is 1.8 % for increases between January 1 and December 31, 2018.
Who it applies toThe guideline applies to most private residential rental units covered by the Residential Tenancies Act.
The guideline does not apply to:
How the guideline is calculatedIt is calculated using the Ontario Consumer Price Index, a Statistics Canada tool that measures inflation and economic conditions over a year. Data from June to May is used to determine the 2017 guideline for the following year.
A sample calculationYour monthly rent was increased to $1,000 on June 1, 2017. The guideline for 2018 is 1.8%. Therefore:
Your landlord would need to provide you written notice at least 90 days before June 1, 2018.
For more information on the rent increase guideline, contact the Landlord and Tenant Board:
The Macchiusi Sales Team - Weiss Realty Ltd. Real Estate Brokerage (2022)
Comments are closed.
Please check our blog it will be updated periodically.