These increases are set by the Government of Ontario
Look at the increases that used to be allowed before 1994, some increases up to 6% and quite high for all the years in the early nineties and late eighties, the rules are much tighter nowadays to protect tenants from large rental increases
| YEAR |
RENTAL INCREASE ALLOWED, as % |
| 1987 |
5.2% |
| 1988 |
4.7% |
| 1989 |
4.6% |
| 1990 |
4.6% |
| 1991 |
5.4% |
| 1992 |
6% |
| 1993 |
4.9% |
| 1994 |
3.2% |
| 1995 |
2.9% |
| 1996 |
2.8% |
| 1997 |
2.8% |
| 1998 |
3% |
| 1999 |
3% |
| 2000 |
2.6% |
| 2001 |
2.9% |
| 2002 |
3.9% |
| 2003 |
2.9% |
| 2004 |
2.9% |
| 2005 |
1.5% |
| 2006 |
2.1% |
| 2007 |
2.6% |
| 2008 |
1.4% |
| 2009 |
1.8% |
| 2010 |
2.1% |
| 2011 |
0.7% |
| 2012 |
3.1% |
| 2013 |
2.5% |
| 2014 |
0.8% |
| 2015 |
1.6% |
| 2016 |
2.0% |
| 2017 |
1.5% |
| 2018 |
1.8% |
| 2019 |
1.8% |
| 2020 |
2.2% |
| 2021 |
0% |
| 2022 |
1.2% |
| 2023 |
2.5% |
| 2024 |
2.5% |
As a Landlord or Tenant, you'll want to know how much your rental amount can increase every year.
A quick look at the table above tells you that the rental increase allowable in Ontario varies between 0.7 and 6%. Typically, over the past 10 years the allowed increase averages out well under 2%.
So, if you're renting, you now know how much your rent can go up, and as a Landlord, always remember to apply the rent increases to your tenants. Many times I've seen Landlords who bag a great tenant and never apply the rental increase, which, in the long run can devalue your property.
