Source: https://www.ontario.ca/page/residential-rent-increases
Rent increase guideline
The rent increase guideline for 2024 is 2.5%.
The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board.
For most tenants, your rent can’t go up by more than the rent increase guideline for every year.
The guideline applies to most private residential rental units covered by the Residential Tenancies Act, 2006. This applies to most tenants, such as those living in:
- rented houses, apartments, basement apartments and condos
- care homes
- mobile homes
- land lease communities
The guideline 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
- rental units upon turnover of a tenancy (the landlord and new tenant agree on the rent amount)
- community housing units
- long-term care homes
- commercial properties
Social housing is covered by the Residential Tenancies Act, 2006, but has different rules regarding rent control and rent increase notices.
Exceptions
- In some cases, landlords can apply to the Landlord and Tenant Board for approval to raise your rent (PDF) by more than the rent increase guideline.
- In care homes (such as a retirement home), the rent increase guideline only applies to the rent portion of your bill but does not apply to the cost of services like nursing, food or cleaning.
- 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 are exempt from rent control.