COLDWELL BANKER PETER BENNINGER REALTY is an Independently Owned and Operated Real Estate Brokerage serving the Kitchener Waterloo area of Ontario Canada | About Us

How much can a landlord raise the rent this year? 2009 RENT INCREASE GUIDELINE

2009 Ontario Rent Increase Guideline

Each year the Ontario Government announces the province's rent increase guideline for the following year. This annual rent increase guideline is the maximum percentage that a landlord in Ontario can increase the rent for an existing tenant without obtaining special approval from the Landlord and Tenant Board.

Follow up:

The 2009 guideline is 1.8 per cent.

This new guideline applies to a rent increase that begins anytime between January 1, 2009 and December 31, 2009 and applies to most residential rental units in the province of Ontario.

For information on how this guideline is calculated and enforced, visit the Landlord and Tenant Board website at this link.

You can find more detailed information and a chart of past rent guidelines here.

Leave a comment or ask for information... Ask a question or leave a comment (2+ comments)

Print


2 comments

Comment from: Mike [Visitor]
*****
If i did not raise rent on my tenants the last two years can I raise the rent by the combined percentages of the years foregone? i.e. 1.8% + 1.4% + 1.8%?
03/08/09 @ 18:07
Comment from: Robert Hunsberger, Sales Representative [Member] Email
You will need to contact the Landlord and Tenant Board to clarify this question. You can find their contact information here: www.ltb.gov.on.ca/en/About_Us/

The wording on this section of the Landlord Tenant Board website: www.ltb.gov.on.ca/en/Key_Information/ seems to indicate that you can only raise the rent once a year by the amount of the current guideline. It does not mention that you are able to "catch up" on increases that you have missed.
03/11/09 @ 13:50

Leave a comment or ask a question


Your email address will not be revealed on this site.

Your URL will be displayed.
PoorExcellent
(Line breaks become <br />)
(Name, email & website)
(Allow users to contact you through a message form (your email will not be revealed.)




This website is provided by Robert Hunsberger, Sales Representative
COLDWELL BANKER PETER BENNINGER REALTY, Brokerage*
508 Riverbend Drive, Kitchener ON Canada N2K 3S2 | Tel: (519) 742-5800
*Each brokerage is independently Owned and Operated

 


Proudly Canadian! Serving the Kitchener Waterloo area of Ontario Canada