(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…)
East York Tenants Group 