January 1, 2020

2020 Rent Increase Guidelines

2020 Rent Increase Guideline is 2.2%

whether you are a tenant or a landlord, you need to know that the rent increase guidelines are.

well in 2020, the rent increase guideline is 2.2% for increases between January 1 and December 31, 2020. The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board.

Full details on the increase guideline, visit the provinces website here: https://www.ontario.ca/page/rent-increase-guideline

The following is a copy of the information available on the website above

Who it applies to

The guideline applies to most private residential rental units covered by the Residential Tenancies Act.

The guideline does not apply to:

  • vacant residential units
  • social housing units
  • nursing homes
  • commercial properties

This guideline also does not apply to new buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018.

When can rent be increased

In most cases, the rent for a unit can be increased 12 months after:

  • the last rent increase
  • a tenant first moves in

A tenant must be given written notice of a rent increase at least 90 days before it takes effect.

How the guideline is calculated

It is calculated using the Ontario Consumer Price Index, a Statistics Canada tool that measures inflation and economic conditions over a year. Data from June to May is used to determine the guideline for the following year.

A sample calculation

Your monthly rent was increased to $1,000 on June 1, 2019. The guideline for 2020 is 2.2%. Therefore:

  • an increase of 2.2% on $1,000 = $22.00
  • $1,000 + $22.00 = $1,022.00

Your landlord could lawfully increase your rent payment 12 months later on June  1, 2020 up to $1,022.00 per month

Your landlord would need to provide you written notice at least 90 days before June  1, 2020 (March 1, 2020).

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December 7, 2019

Top 5 things you'll love about 130 Robin Court, Newmaket

This house is beautiful and must be seen to be appreciated! Loaded with upgrades, this is the top 5 Things, you’ll love about this house!

  1. Renovated Kitchen – cupboards, counters, backsplash, lighting & floors + walk in pantry 
  2. Fully Renovated master en-suite bathroom with rain head shower
  3. Renovated main 2nd floor bathroom for the kids!
  4. Finished basement with 5th bedroom 
  5. Located on a small cul-de-sac 

If you would like to view the current status if this listing, visit: darcytoombs.ca/130robin

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Darcy Toombs
Darcy Toombs

Real Estate Broker

I am a real estate Broker with Coldwell Banker The Real Estate Centre, in the town of Newmarket, which is located about 30 minutes north of Toronto, Ontario, Canada. I love my wife, our dog and my town!

Referred to as “Mr. Newmarket” by my friends, I love making sure friends, family and perfect strangers know how great a town we live in and try to get as many people involved as best I can with local events and charities.

This blog is intended to help Buyers, Sellers, Tenants & landlords better understand what is going on in the local real estate market.

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