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Posts Tagged ‘Above Rent Increase Guideline’

The Ontario government has set the 2020 Annual Rent Increase Guideline at  2.2%. The guideline increase of 2.2% for 2020 is the maximum a landlord can raise a tenant’s rent without approval of the Landlord and Tenant Board. This applies to most sitting tenants in private residential rental units covered by the Residential Tenancies Act.

The guideline does not apply to:

  • vacant residential units
  • social housing units
  • nursing homes
  • commercial properties

Rents charged to new tenants are at the discretion of the landlord.

The 2020 guideline increase takes effect from January 1, 2020 through December 31, 2020. This 2020 guideline increase of 2.2% is the highest increase since 2013. As noted above, landlords cannot increase rent for sitting tenants above the 2.2% guideline without seeking approval from the Landlord and Tenant Board. The increased is based on the Ontario Consumer Price Index (CPI), a measure of inflation calculated monthly by Statistics Canada.

If the landlord intends to implement an Above Guideline Increase the landlord is required to abide by the regulations of the Landlord and Tenant Board and file an application with Landlord and Tenant Board for an Above Guideline Increase. Refer to this link at the Tribunals Ontario, Landlord and Tenant Board:

http://www.sjto.gov.on.ca/documents/ltb/Brochures/2020%20Rent%20Increase%20Guideline%20(EN).html

Detailed information on the 2020 Annual Rent Increase Guideline is available at the Ministry of Municipal Affairs and Housing link:

https://www.ontario.ca/page/rent-increase-guideline

 

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The Annual Rent Increase Guideline for 2015 has been set at 1.6% by the Ontario government.

Based on this guideline the maximum amount a landlord can increase a tenant’s rent between January 1 – December 31, 2015 is 1.6%. This increase will apply mostly to sitting tenants who face rent increases during that period.

Complete information about the 2015 Rent increase Guideline is available at the Municipal Affairs and Housing website:  http://news.ontario.ca/mah/en/2014/06/ontarios-2015-rent-increase-guideline-set-at-15-per-cent.html

It should be noted that this increase is double the increase of 0.8% permitted in 2014. The Annual Rent Increase allowed is directly related to the rate of inflation. The calculation is based on data provided by Statistics Canada which creates the Ontario Consumer Price Index. Refer to:  http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/cpis01g-eng.htm

With regard to Above Guideline increase tenants should note that landlords can only increase rents above the 1.6% guideline by filing an application with the Landlord and Tenant Board.  For full details on how a landlord can raise rent above this 2015 guideline please refer to: http://www.sjto.gov.on.ca/documents/ltb/Brochures/Information%20about%20AGI%20Applications%20(EN)%20Revised_Bill140_June15_2015.pdf?b58864

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 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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