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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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