2012 Rent Increase Guideline Announced

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OLA
Posts: 95
Joined: August 14th, 2009, 9:11 pm

2012 Rent Increase Guideline Announced

#1 Unread post by OLA » July 29th, 2011, 12:27 pm

2012 Rent Increase Guideline

July 29, 2011 11:30 AM

Ontario's annual Rent Increase Guideline is based on the Ontario Consumer Price Index (CPI), which is a measure of inflation calculated monthly by Statistics Canada. This year, the rate of allowable rent increases for 2012 will be 3.1 per cent.

The guideline is the maximum amount that most landlords can increase a tenant's rent during the year without making an application to the Landlord and Tenant Board.

The 2012 guideline applies to rent increases between January 1 and December 31, 2012.

The average yearly increase from 2004-2011 was 1.89 per cent. The average yearly increase from 1993 - 2003 was 3.17 per cent.


http://news.ontario.ca/mah/en/2011/07/2 ... ine-1.html

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Marc
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Joined: May 31st, 2010, 9:20 pm

Re: 2012 Rent Increase Guideline Announced

#2 Unread post by Marc » July 29th, 2011, 12:32 pm

About time it was announced.

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Landgod
Posts: 398
Joined: June 25th, 2011, 4:31 pm

Re: 2012 Rent Increase Guideline Announced

#3 Unread post by Landgod » July 29th, 2011, 1:21 pm

Friday afternoon in the middle of summer. How predictable.
Tenant on this forum: "Make sure you screen carefully so you don't rent to me!"

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