2019 Ontario Rental Increase Guideline

2019 Ontario Rental Increase Guideline

The Ontario government recently announced that the allowable increase that landlords can charge their tenants this year is 1.8% of the base rent. Some years have seen larger increases, and some smaller, but this figure seems to be right in line with increases that we have seen over the past few years. Rental increases are allowable only after the first twelve months of a tenancy.

Remember that when a tenant leaves and a new one comes in that you can set your rent at whatever the market will bear. What the previous tenant was paying has no bearing on what the new rent might be. The allowable 1.8% increase will only apply to pre-existing tenants.

[btn text="View the Brochure: 2019 Rent Increase Guideline" borderradius="4px" link="https://plex.ca/wp-content/uploads/2019/03/Brochure-2019-Rent-Increase-Guideline.pdf" tcolor="#002341" bcolor="#e8af27" thovercolor="#ffffff" size="large" icon="icon-file-pdf" target="true"]

[space size="10px"]

Web link:

Social Justice Tribunals Ontario: Brochure: 2019 Rent Increase Guideline

[space size="10px"]

Related Reading:

Landlord’s Self-Help Centre: Annual Rent Increase Guideline

Similar Posts

Leave a Reply

Your email address will not be published.