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HomeNewsRent increases capped at 1.8 % in 2018

Rent increases capped at 1.8 % in 2018

Ontario has announced it will cap rent increases at 1.8 % for 2018.

An expansion of rent control to all private market rental housing units across the province means more tenants will receive protection from huge increases in rent and now all rental increases will be capped at the annual rent increase guideline of 1.8 percent in 2018. “The expansion of rent control across our province has ensured that 250,000 more people are now protected from unfair and unpredictable rent increases. When I speak to Ontarians, the impact is clear – by making the housing system fairer, we’re ensuring that everyone in Ontario has the peace of mind they need to put down roots in the communities they love.” says Chris Ballard, Minister of Housing and Minister Responsible for the Poverty Reduction Strategy.

The rent increase guideline is the maximum landlords can raise a tenant’s rent without the approval of the Landlord and Tenant Board. It is applicable to rent increases between January 1 and December 31, 2018.

The recently-passed Rental Fairness Act 2017, expanded rent control to all private rental units, including those occupied on or after November 1, 1991. For rent increase notices given on or after April 20, 2017, landlords cannot raise rents more than the rent increase guideline.

The guideline is not applicable to vacant residential units, social housing units, nursing homes or commercial property.The annual rent increase guideline is capped at a maximum of 2.5 percent and applies to private residential rental accommodations covered by the

The annual rent increase guideline is capped at a maximum of 2.5 percent and applies to private residential rental accommodations covered by the Residential Tenancies Act, 2006. There are approximately 1.2 million private rental households in Ontario.

 

&nbspphoto credit: MarkMoz12 For Rent sign via photopin (license)

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Pamela Vanmeerhttps://www.kawartha411.ca/
Pamela VanMeer is a two time winner of the prestigious Radio Television Digital News Association (RTDNA) Award. Her investigative reports on abuse in Long Term Care Homes garnered international attention for the issue and won the Ron Laidlaw Award. She is a former reporter and anchor at CHEX News, now Global Peterborough and helped launch the New CHEX Daily, a daily half hour talk show. While at CHCH News in Hamilton she covered some of the biggest news stories of the day.

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