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Ontario caps rent increases below the rate of inflation

July 20, 2023 admin Canada, canada real estate, finance, housing, housing in canada, landlord, Lease, moving to ontario, ontario rent, orea, renting, renting in canada, settle, settling, tenant

Credit to Author: Edana Robitaille| Date: Thu, 20 Jul 2023 12:00:19 +0000

On June 29, the Government of Ontario announced it would cap rent increases for 2023 at 2.5%. Each year, Ontario releases a rent increase guideline that landlords can then use to raise the cost of tenants’ rent by a specific percentage to align with the cost of living. The province typically uses Ontario’s Consumer Price […]

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