Ontario Residential Rent Increase Guideline for the year 2023 is 2.5%

-

Ontario residential rent increase guideline for the year 2023 has been listed on the Ontario government website at 2.5%

www.ontario.ca

Previous rent increase guidelines

The chart below illustrates yearly rent increases, in Ontario, from 2015 to 2023.

Year

guideline (%)

2023

2022		2.5

1.2
20210
20202.2
20191.8
20181.8
20171.5
20162.0
20151.6

Comments

Post a Comment

Popular posts from this blog

THINKING ABOUT RENTING FROM AKELIUS? THINK TWICE. IT DOESN'T MATTER HOW MUCH YOU PAY FOR RENT THE COMPANY HAS VERY LITTLE RESPECT FOR TENANTS. WITH THE CONSTANT RENOVATION NOISE ASK FOR A DISCOUNT IN RENT.

-
LINK TO AKELIUS CANADA TORONTO TENANTS YOUTUBE CHANNEL Updated Oct. 18, 2019 AVOID AKELIUS - WORST LANDLORD EVER Fordwych Road - June 2018 - ongoing If you are considering an Akelius property, STAY AWAY! Living in an Akelius property has been THE WORST experience I have had in nearly 15 years of renting properties in London. FOR OVER A YEAR NOW, I HAVE BEEN LIVING ON A LOUD, FILTHY AND UNSAFE CONSTRUCTION SITE! Save yourself the time and headache - go inform yourself and read the many bad reviews their tenants have posted online (Trustpilot, Google Reviews, Yelp). Now, search Google News for their negative media coverage. Then, ask yourself - why take the chance with Akelius? There are countless other properties with better landlords to choose from. COMPENSATION: After much complaining and having to unnecessarily follow-up my emails repeatedly as they were attempting to ignore me, Akelius reluctantly offered 20% rent reduction. They initially tried to scam me
Read more

Akelius Residential halts renovation strategy after UN scandal

-
Akelius Residential halts renovation strategy after UN scandal   Controversial corporate landlord Akelius Residential will no longer focus on renovating buildings after facing a backlash from the United Nations and its tenants. It plans to cut construction staff by 400 by the end of 2022 and focus on new builds, as well as upgraded properties. It commented that the good times for upgrading properties that require extensive renovations are over. Akelius still targeted doubling its portfolio of properties over the course of the next decade. The Sweden-based company manages a total of 44,000 rental apartments. In May the UN accused the firm of breaching the international human rights of its tenants by having them live in poor conditions, aggressively increasing rents and threatening evictions. In countries with rent controls the company was accused of renovating properties with the end goal of hiking rents. The UN communication was sent to the governments of Canada, Germany an
Read more