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You Can Raise the Rent 3.1% in Ontario in 2012

January 2nd, 2012 · 4,151 Comments · rent increase

How much can I raise the rent in 2012?

You can raise the rent by 3.1%

Every year, the government of Ontario tells landlords how much they can raise the rent for the next year.

This “Rent Increase Guideline” has been based on the Consumer Price Index (CPI) for Ontario.  This is the rate of inflation calculated by the Federal governments “Statistics Canada”.

Here is the guideline over the past 5 years:

2007 – 2.6%

2008 – 1.4%

2009 – 1.8%

2010 – 2.1%

2011 – 0.7%

With new amendments coming to the Residential Tenancies Act, it is important landlords across Ontario take advantage of your legal right to raise the rent in 2012!

 

 

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