Posts Tagged ‘Rent Increase’

Rent Increase Guideline as of January 1, 2022

January 14th, 2022 by Hunter Stone

The province set the rent increase guideline at 1.2 per cent as of January 1, 2022. The rent increase guideline is determined by the Ontario Consumer Price Index, which measures inflation calculated by Statistics Canada using information reflected on economic conditions during the year. This year’s guideline increase is lower than 2020’s 2.2 per cent increase and comes after a year‑long rent freeze in 2021 in response to the pandemic. Continue reading “Rent Increase Guideline as of January 1, 2022”