The following are some of the guidelines for rental increase in Ontario in Canada. Take note of the rates of increase and compare that to the 7.5% annual increase obtained in Jamaica.
Ontario Rent Increase Annual Guideline
Link:
For those who were looking for rules on rent increases in
Ontario please go to the following two links
Tenants Most Asked Questions & Answers and the present Landlord and Tenant Act, Ontario
Tenants Most Asked Questions & Answers and the present Landlord and Tenant Act, Ontario
Remember these are the Ontario maximum yearly rent increases
permitted without the landlord applying for more and having it approved. Actual
rent increases where the landlord applied for "above guideline rent
increases" were sometimes substantially more for individual buildings.
Amount
|
Period
|
Ontario Statute
|
2.0 %
|
January 1 - December 31, 2016
|
|
1.6 %
|
January 1 - December 31, 2015
|
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