Rent increases for 2012 will be 3.1% in Ontario

– Aug 04, 2011 – Rent increases, At long last the Ontario 2012 Rent Increase Guideline has been released on July 29, 2011.

Rent increases This year, the rate of allowable rent increases for 2012 will be 3.1 per cent. The guideline is the maximum amount that most landlords can increase a tenant’s rent during the year without making an application to the Landlord and Tenant Board.Rent increases

Ontario annual Rent Increase Guideline is based on the Ontario Consumer Price Index (CPI), which is a measure of inflation calculated monthly by Statistics Canada.

The guideline is the maximum amount that most landlords can increase a tenant rent during the year without making an application to the Landlord and Tenant Board. Continue reading