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Jun

Ontario Rent Increase Approved 2017 Rent Increase Guideline Set at 1.5 Per Cent

The Ontario rent increase guideline is the maximum most landlords can raise a tenant’s rent without the approval of the Landlord and Tenant Board. It is applicable to rent increases between January 1 and December 31, 2017.

The guideline is based on the Ontario Consumer Price Index. It measures inflation calculated monthly by Statistics Canada that reflects economic conditions over the past year.

Supporting the creation of affordable housing is part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills. It also includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario’s history. It is also investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

QUICK FACTS

  • The Ontario rent increase guideline applies to most private and residential rental accommodations covered by the Residential Tenancies Act, 2006.
  • The Residential Tenancies Act, 2006 limits rental increases at a maximum of 2.5 per cent for buildings constructed prior to 1991
  • The Act ensures equitable consideration for families renting homes, and landlords trying to cover operating costs.
  • The guideline is not applicable to: vacant residential units, residential units first occupied on or after November 1, 1991, social housing units, nursing homes or commercial property.
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Assistant Editor