News & Events
Province sets 2009 rent increase guideline at 1.8 per cent
The 2009 rent increase guideline is 1.8 per cent, the third lowest guideline in provincial history.
The rent increase guideline is the maximum amount by which a landlord can increase the rent of an existing tenant without seeking the approval of the Landlord and Tenant Board.
The 2009 guideline applies to rent increases that occur between January 1 and December 31, 2009.
The calculation is based on the Ontario Consumer Price Index, a reliable and objective measure of inflation that is calculated by Statistics Canada.
There is a link below to the complete news release.