Earlier this year we wrote about the rent increase guidelines for 2022, which lists the current allowable amount a landlord can increase their tenants’ rent by 1.2 per cent.

On June 29, 2022, the Government of Ontario stated the rent increase guideline for 2023 will be 2.5 per cent, noting this rate is below that of inflation. The last time a rent increase guideline was 2.5 per cent was in 2013. Continue reading “Rent Increase Guideline for 2023”