TSX:CAR.UN - Post by User
Comment by
AlwaysLong683on Jul 12, 2022 6:04pm
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Post# 34819280
RE:Rent increased 2.5% max in Ontariowe
RE:Rent increased 2.5% max in OntarioweHere's an article from the CBC News website outlining the decision, which applies to Ontario. Not sure what the other provincial governments have decided,
However, according to the above article:
"The provincial rent increase guideline — the highest a landlord can increase most tenants' rents without the approval of the Landlord and Tenant Board — will be raised to 2.5 per cent in 2023."
So it appears that a landlord may request the Board allow them to exceed the maximum allowable rent increase should they have a compelling case to do so.