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    Rental Increase Guidelines for Ontario

    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  

    As a Landlord or Tenant, you'll want to know how much your rental amount can increase
    every year. The rental increase for 2015 is 1.6% ans the increase set for 2016 is 2%.

    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.

    If you want to buy or sell a property to rent it out, view our Income Properties for Sale.

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    Want to buy or sell any type of Investment Property and want to work with an experienced agent, get in touch, contact Patrick Walchuk for a free consult

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    Work with an Investment Pro

    If you want to buy or sell any type of Investment Property, contact Patrick Walchuk. Patrick has been working with Investors for many years, including seasoned Pro's as well as newbie Investors. Not many Agents are experienced or knowledgable enough to advise you on these types of property, deal with an expert. Contact Pat to discuss your Investing needs.

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