Ontario 2024 Rent Increase Guideline

Ontario 2024 Rent Increase Guideline. In ontario, the government sets an annual rent increase guideline that landlords must follow. Ontario has set a rent increase cap of 2.5 per cent in 2024, though it does not apply to newer units.


Ontario 2024 Rent Increase Guideline

Capped at 2.5%, the guideline is “well below” the average inflation rate of 5.9%. Toronto — the ontario government is continuing to strengthen protections for tenants by holding the rent increase guideline for 2024 at 2.5 per cent, well below the average inflation rate of 5.9 per cent.

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