Ontario caps rent increases below the rate of inflation
Credit to Author: Edana Robitaille| Date: Thu, 20 Jul 2023 12:00:19 +0000
On June 29, the Government of Ontario announced it would cap rent increases for 2023 at 2.5%. Each year, Ontario releases a rent increase guideline that landlords can then use to raise the cost of tenants’ rent by a specific percentage to align with the cost of living. The province typically uses Ontario’s Consumer Price […]
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