Ontario Landlords Association

How Much Can You Raise the Rent in 2014?

 June 21st, 2013

Rent Increase Guideline How Much Can You Raise The Rent In Ontario

2014 Ontario Rent Increase Guideline Second Lowest Since 1975

Every year the government of Ontario announces what is called the “Rent Increase Guideline” for the next calendar year.

The Rent Increase Guideline means how much a landlord can increase the rent without having to go to the Landlord and Tenant Board.

(If the you want to raise the rent higher than the guideline you must get approval by the Board to do so.)

How Much Can An Ontario Landlord Raise the Rent in 2014?

Many small residential landlords are facing financial challenges and need to increase rents to cover their costs.

Today the Ministry of Municipal Affairs and Housing announced the Rent Increase Guideline for next year.

You can raise the rent 0.8% in 2014

The government says this is the second lowest rate since increases were regulated nearly forty years ago.

How Did They Come Up With This Figure?

The Ontario annual Rent Increase Guideline is based on the Ontario Consumer Price Index (CPI). This is a a measure of inflation. It’s calculated monthly by Statistics Canada.

The CPI is regarded as an objective, reliable measure of inflation. The CPI charts the change in the price of all goods and services in the provincial economy.

How Do I Raise the Rent For My Existing Tenants?

In most cases, the rent for a unit can be increased if at least 12 months have passed since the tenant first moved in, or since his or her last rent increase. The tenant must be given proper written notice of the rent increase at least 90 days before the increase takes effect.

For more information see the Landlord and Tenant Board Website

To discuss this and other issues go to the Ontario Landlord Forum

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11 Responses to “How Much Can You Raise the Rent in 2014?”

  1. BG says:

    It’s no wonder there is a shortage of high quality housing in Ontario.

    You can’t tell people to run a business and then not let us make some profit (or at least not lose money).

  2. [...] to the Ontario Landlords Association website the maximum landlords can raise the rent in 2014 is a tiny 0.8 per [...]

  3. Iama Renter says:

    Will anyone here acknowledge that there does exist scoff-law slumlords in Canada?

  4. [...] to the Ontario Landlords Association website the maximum landlords can raise the rent in 2014 is a tiny 0.8 per [...]

  5. Jonathan says:

    BG: You can’t let landlords raise the price by what they want. Landlords just use it to evict tenants, thus removing any right a tenant has. It must be capped unless we want to make landlords pay for moving costs and distress to families thanks to their ‘bait and switch’ pricing tactics. Why not advertise a unit for $1400 just to get peeps in there and then switch it to $1900 a year later – it is up to the tenant to pay the above market price or else face moving costs. It is extortion. That is criminal. When your unit is vacant, get the market price. Then if you get inflation and than some, you are making more money each year and building equity.

  6. CP says:

    Jonathan; agreed that controls are required however your suggestion is not legal. You can’t simply go to the market price when the unit becomes vacant, it’s against the Act. Good idea but still no solution to underpriced units that ethical landlords must absorb.

  7. [...] 2014 Ontario Landlords can only raise the rent a measly 0.8% for their current [...]

  8. [...] And Ontario landlords can only raise the rent 0.8% in 2014. [...]

  9. [...] It wasn’t written how the costs for landlords are going up and Ontario landlords can only raise the rent 0.8% in 2014. [...]

  10. Ian says:

    @Jonathan.

    The reason is that landlords tend to want to make money on their investments. You might not understand it, but changing tenants is a major risk to your investment. Let me explain. Even if you didnt have ret controls, a good tenant with good credit pr payment history that takes care of your property is worth something to a landlord. Of the rent is at market it would mot make any sense, except to someone who doesnt understand business, to jack their rent 36%, as you suggest. It means turnover and 1 month of vacancy is a major blow to the bottom line…major. you just wouldnt do it to a good tenant. Would I do it to a bad tenant if i could? Yes, but the 3 month window between the notice and the actual rent increase is more tome than the eviction process and if the tenants is bad, the eviction process is really not that hard despite what the forum leads on. bottome line is that it is the BAD tenants that are protected, not the good ones. Good tenants, by and large, are sought after.

  11. rajen says:

    agreed ian. it true the bad tenant are protected. cant get the bastards out and the process sucks and it takes too long. the people that write the acts that protect the bad tenant should be housing them at there house until the eviction process is completed. good tenant are hard to find and should be protected.