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Housing News

2014 Rent Increase Cap Second Lowest Since 1975

Mar 23, 2014
News source: Ontario.ca

Ontario Government Committed to Affordable Housing

Ontario is capping rent increases for 2014 at 0.8 per cent for the province's one million tenant households -- the second lowest cap since the introduction of rent regulation 38 years ago.

The cap, also known as the Rent Increase Guideline, is the maximum amount a landlord can increase a tenants' rent without seeking the approval of the Landlord and Tenant Board.



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