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Your landlord can't raise your rent more than this much

Friday, June 20, 2014   by: SooToday.com Staff

NEWS RELEASE

MINISTRY OF MUNICIPAL AFFAIRS

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Ontario Government Committed to Affordable Housing

Ontario is capping rent increases for 2015 at 1.6 percent.

The cap, also known as the rent increase guideline, is the maximum a landlord can raise a tenant's rent without the approval of the Landlord and Tenant Board.

It applies to rent increases between January 1 and December 31, 2015.

The guideline is based on the Ontario Consumer Price Index, a measure of inflation calculated monthly by Statistics Canada.

It is calculated under the Residential Tenancies Act, 2006, which caps rental increases at a maximum of 2.5 percent.

The rent increase guideline covers about 85 percent of private residential units in Ontario.

Learn more by viewing the  2015 Rent Increase Guideline.

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