{"id":39542,"date":"2019-10-11T17:25:13","date_gmt":"2019-10-11T17:25:13","guid":{"rendered":"http:\/\/locatecondo.com\/?p=39542"},"modified":"2019-10-11T17:25:13","modified_gmt":"2019-10-11T17:25:13","slug":"rent-increase-guideline","status":"publish","type":"post","link":"https:\/\/locatecondo.com\/rent-increase-guideline\/","title":{"rendered":"Rent increase guideline"},"content":{"rendered":"<p>The guideline is the maximum a landlord can increase most tenants\u2019 rent during a year without the approval of the Landlord and Tenant Board.<\/p>\n<h3><strong>Rent increase guideline for 2020<\/strong><\/h3>\n<p>The rent increase guideline is 2.2% for increases between January 1 and December 31, 2020.<\/p>\n<h3><strong>Who it applies to<\/strong><\/h3>\n<p>The guideline applies to most private residential rental units covered by the Residential Tenancies Act.<\/p>\n<p>The guideline does not apply to:<\/p>\n<ul>\n<li>vacant residential units<\/li>\n<li>social housing units<\/li>\n<li>nursing homes<\/li>\n<li>commercial properties<\/li>\n<\/ul>\n<p>This guideline also does not apply to new buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018.<\/p>\n<h3><strong>When can rent be increased<\/strong><\/h3>\n<p>In most cases, the rent for a unit can be increased 12 months after:<\/p>\n<ul>\n<li>the last rent increase<\/li>\n<li>a tenant first moves in<\/li>\n<\/ul>\n<p>A tenant must be given written notice of a rent increase at least 90 days before it takes effect.<\/p>\n<h3><strong>How the guideline is calculated<\/strong><\/h3>\n<p>It is calculated using the Ontario Consumer Price Index, a Statistics Canada tool that measures inflation and economic conditions over a year. Data from June to May is used to determine the guideline for the following year.<\/p>\n<h3><strong>A sample calculation<\/strong><\/h3>\n<p>Your monthly rent was increased to $1,000 on June 1, 2019. The guideline for 2020 is 2.2%. Therefore:<\/p>\n<ul>\n<li>an increase of 2.2% on $1,000 = $22.00<\/li>\n<li>$1,000 + $22.00 = $1,022.00<\/li>\n<\/ul>\n<p>Your landlord could lawfully increase your rent payment 12 months later on June 1, 2020 up to $1,022.00 per month<\/p>\n<p>Your landlord would need to provide you written notice at least 90 days before June 1, 2020.<\/p>\n<h3><strong>Previous rent increase guidelines<\/strong><\/h3>\n<p>The chart below illustrates yearly rent increases, in Ontario, from 1991 to 2019.<\/p>\n<p><a href=\"http:\/\/locatecondo.com\/wp-content\/uploads\/2019\/10\/2-1.png\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-39543\" src=\"http:\/\/locatecondo.com\/wp-content\/uploads\/2019\/10\/2-1.png\" alt=\"\" width=\"186\" height=\"1308\" srcset=\"https:\/\/locatecondo.com\/wp-content\/uploads\/2019\/10\/2-1.png 186w, https:\/\/locatecondo.com\/wp-content\/uploads\/2019\/10\/2-1-142x999.png 142w\" sizes=\"(max-width: 186px) 100vw, 186px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The guideline is the maximum a landlord can increase most tenants\u2019 rent during a year without the approval of the Landlord and Tenant Board. Rent increase guideline for 2020 The rent increase guideline is 2.2% for increases between January 1 and December 31, 2020. Who it applies to The guideline applies to most private residential [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_rev_ctl_limit":""},"categories":[585],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v15.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rent increase guideline | Locate Condo | Top Toronto Condos<\/title>\n<meta name=\"description\" content=\"The guideline is the maximum a landlord can increase most tenants\u2019 rent during a year without the approval of the Landlord and Tenant Board.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rent increase guideline | Locate Condo | Top Toronto Condos\" \/>\n<meta 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