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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If you are considering getting into the Landlord business, you will want to do some research and "due diligence" before you begin. Here are some links to websites for Landlords in Ontario.

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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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Prospective homebuyers are increasingly opting for apartments, which has helped slice the local rental vacancy rate in half from last year, according to a new report released yesterday. The Canada Mortgage and Housing Corp. said the vacancy rate in the Kitchener census metropolitan area sunk to two per cent in April from four per cent last April.

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