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Archive for the ‘Above Guideline increase’ Category

2014 Annual Rent Increase Guideline

Posted in 2014 Automatic Rent Deduction, 2014 Rent Increase Guideline, Above Guideline increase, Annual Guideline Rent Increase, Consumer Price Index, Landlord and Tenant Board, tagged , , , , on July 29, 2013| 1 Comment »

UPDATE:  Check this link for the 2015 Annual Rent Increase Guideline : ….. http://wp.me/pia0J-12f

 

The Ontario government has announced that the Annual Rent increase Guideline for 2014 will be 0.8%. This increase of 0.8% is the second lowest rent increase since the introduction of rent regulations.

According to the press release posted by the Ministry of Municipal Affairs and Housing this small increase “will help to ensure Ontario families have more money in their pockets while keeping housing affordable”. The explanation for this small increase is based on the Ontario Consumer Price Index.  Refer to this link: http://news.ontario.ca/mah/en/2013/06/2014-rent-increase-guideline.html

This modest increase of 0.8% will be a welcome relief to those who are on fixed incomes and also those struggling to meet the cost of their monthly basket of goods in this tough economy.  Tenants should make a careful note that the Annual Rent increase Guideline of 0.8% is the maximum amount a landlord can increase a tenant’s rent between  January 1- December 2014 . This increase will apply mostly to sitting tenants who face rent increases during that period.

Tenants should also note that the landlord can only increase rents above the 0.8% guideline by filing an application for an Above Guideline increase with the Landlord and Tenant Board.  Given this low rent increase for 2014 tenants need to be wary of any Above Guideline Increase that Landlords might pursue with the Landlord and Tenant Board and be prepared to contest it. Refer to this link at the website of the Landlord and Tenant Board: http://www.ltb.gov.on.ca/en/About_Us/STEL02_111230.html

NOTE – Check these links for more details on rent reduction and rent increase guideline in 2014:

Automatic Rent Reduction in 2014
http://www.torontotenants.org/news/automatic-rent-reductions-2014-frequently-asked-questions

Rent Increase Loophole
http://o.canada.com/2013/04/29/rent-increase-loophole-leaves-ontario-renters-vulnerable/

Ontario Landlords – The 2014 Rent Increase Guideline
http://www.landlordsuccess.ca/2013/06/22/ontario-landlords-the-2014-rent-increase-guideline/#more-976

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Cap set on 2013 Rent Increase Guideline

Posted in 2013 Rent Increase Guildeline, Above Guideline increase, Annual Guideline Rent Increase, Consumer Price Index, Landlord and Tenant Board, Last month rent, tagged , , , , on July 11, 2012| 1 Comment »

UPDATE – Effective December 31, 2012, rents will be reduced by 0.71%. For more information refer to our post “Automatic Rent Reduction in 2013” https://eastyorktenantsgroup.com/2012/12/13/automatic-rent-reduction-in-2013/

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Annual Rent Increase Guideline for 2013 will be 2.5%.  The 2.5% guideline represents  the maximum percentage by which a landlord can increase rent in 2013.

Tenants should note that the Ontario government bases the calculation of the annual rent increase on the Consumer Price Index (CPI) which is compiled annually by Statistics Canada.  The CPI which is currently calculated at 2.6% is higher than 2.5% approved for the 2013 annual rent increase. This decrease was the result of legislation passed by the Ontario Government on June 13, 2012 and which  resulted in an amendment to the Residential Tenancies Act, 2006. This amendment ensured that the Annual Rent Increase Guideline for 2013  will be capped at 2.5 per cent.  Is it possible that the government is acknowledging that the CPI formula is flawed and does not reflect the actual cost of living expenses?  Will leave that question for the economists to ponder.

We tenants are grateful that rent increases have been capped and, compared to the 2012 Rent Increase Guideline, there will be a decrease in the annual rent increase guideline for 2013.  However, we must keep in mind that landlords can apply to the Landlord and Tenant Board for an Above Guideline Increase. Landlords will have to make a successful application to the Landlord and Tenant Board in order to raise rents above the capped increase of 2.5%.

Once again the Federation of Rental-Housing Providers of Ontario (FRPO) have indicated they are not enthused by the level of the annual rent increase. The FRPO argued for a much higher increase in their submission to the Ontario government. Refer to this link: http://www.frpo.org/documents/FRPO%20Bill%2019%20Deputation1.pdf  Fortunately for tenants the legislation passed by the Government of Ontario reflected the current economic realities facing renters and set a cap of 2.5% on the 2013 annual rent increase.

For more detailed information on the 2013 Rent Increase Guideline check these links:

http://news.ontario.ca/mah/en/2012/06/2013-rent-increase-guideline.html

http://news.ontario.ca/mah/en/2012/06/the-2013-rent-increase-guideline.html

IMPORTANT NOTICE ON LAST MONTH RENT (LMR) – The landlord must pay the tenant interest on the rent deposit every year. Under the Residential  Tenancies Act the interest charged on your last month’s rent will be equal to that year’s Annual Rent Increase Guideline amount. Landlords have the option to add that interest to your last month’s rent deposit or that interest can be applied as a reduction in your annual notice of a rent increase. Check this link: http://www.ltb.gov.on.ca/en/Key_Information/STDPROD_098894.html

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2012 Rent Increase Guideline

Posted in 2012 Rent Increase Guideline, Above Guideline increase, Andrea Horwath, Consumer Price Index, Inflation, Last Month Rent (LMR), Municipal Affairs and Housing, Statistics Canada, Tim Hudak, tagged , , , , , , , on July 31, 2011| 11 Comments »

(UPDATE – Check this link for details about the Annual Guideline Increase for 2013:  http://wp.me/pia0J-TX)

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The announcement by the Ontario Government of a 3.1% rent increase in 2012 is cause for concern among most tenants, especially those tenants surviving on modest incomes.  Landlords can increase rents by 3.1% without making an application to the Landlord and Tenant Board in 2012.
Refer to this link: http://www.ltb.gov.on.ca/stdprodconsume/groups/csc/@ltb/@keyinfo/documents/resourcelist/stdprod_088485.pdf

The explanation for this dramatic increase in the annual rent increase guideline has been attributed to the increase in the Consumer Price Index (CPI). Rick Bartolucci, Minister for Municipal Affairs and Housing, has acknowledged that this sharp increase in annual (more…)

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2011 Annual Rent Increase Guideline

Posted in 2011 Rent Increase Guideline, Above Guideline increase, HST, Last Month Rent (LMR), Vacancy Decontrol, tagged , , on July 14, 2010| 3 Comments »

The Annual Guideline Rent Increase for 2011 is being described as the lowest guideline increase in the 35-year history of rent regulation in Ontario. It has been set at 0.7% and is the maximum a landlord can increase the rent of existing tenants. The landlord will have to seek the approval of the Landlord and Tenant Board to increase rents above the guideline of (more…)

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Energy conservation and retrofitting

Posted in Above Guideline increase, Apartment Issues, Capital Expenditures, Energy Conservation, Greening, Operating expenditures, Renovations, Repairs and maintenance, Smart meters, Tenant Association, tagged , , , , , , on May 30, 2010| 9 Comments »

In recent months there has been a noticeable increase of renovation and retrofitting activities in apartment buildings in the GTA. Most of these renovations are related to upgrades to promote energy conservation. Renovations include fixes to faulty plumbing and heating systems, installing smart sub-meters, and replacement of ageing balcony doors and windows for more energy efficient ones. While general repairs and renovations are long overdue in older buildings there are other newer buildings  undergoing (more…)

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Are Residential Rents Exempt from HST?

Posted in 2010 Rent Increase Guideline, Above Guideline increase, Annual Guideline Rent Increase, HST, Michael Prue, Premier McGuinty, tagged , , , , , , , on February 27, 2010| 12 Comments »

 By D. Wallace, Guest Contributor

With the HST set to take effect in July 2010, there are several crucial questions all tenants in Ontario should be asking:  a) Do tenants know what impact the harmonized sales tax (HST) will have on their rent?  b) Will HST be added if hydro is included in their monthly rent?  c) How are landlords going to be reimbursed for a list of extra costs and, d) Do tenants know what costs are on this list? In apartments, this list includes utilities such as gas heat, electricity, hydro, and other costs related to maintenance (more…)

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2010 RENT INCREASE GUIDELINE

Posted in 2010 Rent Increase Guideline, Above Guideline increase, Annual Guideline Rent Increase, Capital Expenditures, Consumer Price Index, Economy, Landlord and Tenant Board, Last Month Rent (LMR), Ontario Tenants Rights, Residential Tenancies Act, Smart meters, Statistics Canada, Utilities, Vacancy Decontrol, tagged , , , , , , , , on October 9, 2009| 5 Comments »

The Annual Rent Increase Guideline and the Above Guideline Increase for 2010 have been announced. Much to no one’s surprise both rent increase guidelines are greater than those of 2009. The Annual Rent Increase Guideline has been raised from 1.8% to 2.1% and applies to a rent increase that begins any time between January 1, 2010 and December 31, 2010. This annual increase is intended to cover the (more…)

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Smart Sub-meters . . . Getting It Right!

Posted in Above Guideline increase, Building Maintenance, Capital Expenditures, Conservation, Electricity, Energy Conservation, Environment, Greening, Hydro, Infrastructure, Lease Agreement, Politics, Retrofit, Smart meters, Sub-meters, Utilities, tagged , , , , , , , , on September 8, 2009| 3 Comments »

By I. Aagaard, Guest Contributor

A recent article (Smart sub-meters) on the EYTG web site made references to an issue that’s been popping up recently:  Smart Sub-Meters in apartment buildings.

 I agree fundamentally with the notion of this “Pay Per Use” way of holding each of us responsible for our consumption of non-renewable resources, such as electricity. (more…)

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