CORRECTION: 2010 Rent Increase Guideline
June 18, 2009 6:05 PM
McGuinty Government Balances Needs Of Landlords And Tenants
Ontario's rent increase guideline for the year 2010 will be 2.1 per cent.
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 2010 guideline applies to rent increases that occur between January 1 and December 31, 2010.
The calculation is based on the Ontario Consumer Price Index, a reliable and objective measure of inflation that is calculated by Statistics Canada. This calculation method was implemented by the province and came into force on January 31, 2007.
QUICK FACTS
- The 2010 guideline is calculated under the Residential Tenancies Act, which created a new system of rent regulation that includes linking the rent increase guideline to the Ontario Consumer Price Index.
- The first rent increase guideline was calculated in 1975 at 8 per cent.
LEARN MORE
CONTACTS
- Joe Kim
Minister's Office, Ministry of Municipal Affairs and Housing
416 585-7686
- Stanley Janusas
Ministry of Municipal Affairs and Housing, Housing Division
416-585-6773
ontario.ca/municipal
"By creating a rent control system that links the rent increase guideline to the Ontario Consumer Price Index, we've ensured that landlords are able to recover the increases in their costs, while protecting tenants from rent increases well above the rate of inflation."
– Jim Watson
Minister of Municipal Affairs and Housing
Communities
