Rent increases will be capped at 1.8 per cent in 2018 unless the Landlord and Tenant Board approves a larger rise. It applies to all private rental units including those occupied on or after November 1, 1991; and for all rent increases notices issued after April 20, 2017.
The expansion of rent caps to 250,000 additional properties in Ontario was a key component of the province’s Fair Housing Plan.
More market update:
Landlords’ rental increases will be restricted across Ontario following the government’s expansion of rent capping.