How Much Can Ontario Landlords Raise the Rent in 2019? It’s 1.8%
To Ontario Landlords Association and Members:
The Rent Increase Guideline for 2019 is 1.8%. This is for increases between January 1st, 2019 and December 31, 2019.
This guideline applies to most private residential units covered under the Ontario Residential Tenancies Act. Rent can be increased for most cases (i) twelve months after the last rent increase (ii) a tenant first moves in.
Please notify your province wide landlord community.
Ontario Landlords, Does A Maximum Rent Increase of 1.8% Cover Your Costs?
Many landlords continue to tell us about their ever rising costs and how hard it is to cash-flow these days. Whether its fees, taxes, maintenance costs, paying for painting and other things to keep your rental nice to keep your tenants, the reality is things are getting more expensive in Ontario. Everything else seem to keep going up by a large amount, except rents!
We Need A Better Way To Be Able To Increase Rents to Make Our Businesses Profitable (or at least keep up with rising costs)
The 2019 rent increase guideline is a continuation of the 2018 guideline. We have a new government in charge and we need a new way to make sure good landlords can continue to run our rental businesses.
A rent guideline of 1.8% just isn’t reasonable if we want more people to invest in rental properties and if we want current landlords to be able to do what is needed to maintain and improve the current rental stock. It’s also more difficult to raise the rent above the guideline even if you have rising costs.
Are You Going To Raise the Rent in 2019?
If you have current tenants the rent increase guideline means you can only raise the rent by 1.8% with proper notice. We need your help to improve the way good landlords can do business in Ontario.
Let’s improve the Ontario rental system to help both good landlords and good tenants. With a new business friendly government that is open to new solutions make sure you let us know what your ideas are to improve the way rent increase are handled.
We Need To Support Ontario Landlords!
By protecting current landlords and encouraging more people to invest in rental housing we will protect the current supply and have a lot of new supply that will give Ontario tenants more options and better landlords.
Slamming small landlords and not protecting us as business people hasn’t worked in the past. In fact, it was a dismal failure with many landlords selling even within one or two years! We need new ideas and new methods to make Ontario rentals great again. Let’s get it done!
Tags: 2019 rent increase Ontario, how much can I raise the rent?
