How much can a landlord increase my rent in 2010?

The Ontario government has announced the maximum percentage by which a landlord will be able to raise the rent for most residential tenants (without approval from the Landlord and Tenant Board).

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Here's the answer from the Ontario Landlord and Tenant Board website:

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Are you wondering exactly what does the law in Ontario say about a specific Tenancy issue?

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Here's the answer from the Ontario Landlord and Tenant Board website.

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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.

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Article from The Record, December 15, 2008 - www.therecord.com

A couple of years ago, some landlords would offer a month's free rent, free parking or gift cards to entice new tenants.

Now, apartments in Waterloo Region are snapped up faster than in many other Canadian cities, thanks in part to a young population delaying home ownership, a new report says.

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Here's the answer from the Ontario Landlord and Tenant Board website.

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You may find yourself having to move to a new residence before the end of your tenancy agreement. Perhaps you have been transferred, or you purchased a home. Nonetheless, you are still responsible for the rent owing on the remainder of your lease.

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