It would have been 2.6%, except they passed that new law last week.
Rent increases for the one million tenant households in Ontario cannot exceed 2.5 per cent over the next year, unless a landlord makes a successful application to the Landlord Tenant Board.
The McGuinty government passed legislation on June 13, 2012 to amend the Residential Tenancies Act, 2006 to ensure that the Rent Increase Guideline is capped at 2.5 per cent. Without the cap, the guideline would have been 2.6 per cent in 2013.
The annual Rent Increase Guideline continues to be based on Ontario's Consumer Price Index (CPI), which is a measure of inflation calculated monthly by Statistics Canada.
The 2013 guideline applies to rent increases between January 1 and December 31, 2013. http://news.ontario.ca/mah/en/2012/06/2 ... eline.html