Ontario’s 2022 Rent Increase Guideline
What you need to know about the 1.2% increase guideline.
1.4 min read
The provincial government recently announced Ontario's 2022 rent increase guideline, following a nearly two-year freeze. During the onset of the pandemic, Ontario passed legislation to aid tenants by freezing rent at the 2020 and 2021 levels for those covered under the Residential Tenancies Act. It does not apply to rental units in buildings occupied for the first time after November 15, 2018, social housing units, long-term care homes or commercial properties.
Based on the Ontario Consumer Price Index (CPI), the guideline on rent increases for 2022 in Ontario is 1.2 percent. Calculated monthly by Statistics Canada, the CPI measures inflation using data that reflect the economic conditions of the past year.
The increase is the maximum most landlords can raise tenant's rent without approval from the Landlord and Tenant Board (LTB). However, they are not mandatory or automatic and require 90 days of written notice from the landlord to the tenant. Certain circumstances grant landlords to increase rent more than the guideline.
Those who require assistance paying their rent are encouraged to contact their local service manager for information on housing supports available in.
Reference
Ontario’s 2022 Rent Increase Guideline. Ontario Newsroom. (2021, June 16). https://news.ontario.ca/en/bulletin/1000340/ontarios-2022-rent-increase-guideline.
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