Posts Tagged ‘Ministry of Housing’

Ontario Rent Increase Guideline 2017 Set at 1.5%

Monday, December 12th, 2016

Ontario Rent Increase Guideline 2017 is 1.5%

Ontario Landlords Can Raise The Rent By 1.5% in 2017

Experienced and successful landlords know the importance of owning safe, attractive, well-maintained rental properties. With great properties landlords can attract good tenants and are on your way to running a successful rental business.

Maintaining and improving properties can be costly. The prices of contractors, plumbers, electricians and building materials keep rising. Purchasing things to make your tenants happy can also add up. Improvements such as replacing windows and doors to help save heating costs, adding new outside lights to create a more secure environment, and buying the latest energy efficient appliances can be a challenge for small landlords on a tight budget.

How Much Can Landlords Raise the Rent in 2017?

According to the Ministry of Housing, the province of Ontario has set the 2017 rent increase guideline at 1.5%

What is the Rent Increase Guideline?

This is a question many new landlords ask us. The rent increase guideline is the maximum amount of money a landlord can raise a tenant’s rent. If you want to raise it more than the guideline you have to get approved by an adjudicator at the Landlord and Tenant Board.

How is the Rent Increase Guideline Calculated?

It is created with information contained in the Ontario Consumer Price Index.Most of the information is gathered by Statistics Canada which measures inflation.

What Was the Rent Increase Guideline for 2016?

In 2016 Ontario landlords could raise the rent by 2.0%

Are All Ontario Rental Properties Subject to the Rent Increase Guideline?

No, not all. For example you are not covered by it if your rental property is vacant, is social housing, was first occupied after November 1st, 1991 or is a commercial unit.

Ontario Landlords Can Raise the Rent by 1.5% in 2017

Are you going to raise the rent? Remember to follow the Landlord and Tenant Board rules if you are which includes using proper forms and giving proper notice.

Housing Minister Wynne’s Letter to the Ontario Landlord Association

Tuesday, December 6th, 2011

 To the Ontario Landlord Association Re. Changing the Annual Rent Increase Guideline

The Honourable Kathleen Wynne

Today the Ontario Liberal government introduced proposed legislation to amend how the annual Rent Increase Guideline is calculated under the the Residential Tenancies Act.

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I have been a victim of the Resident Tenancy Act

Tuesday, June 21st, 2011

An open letter to the Ministry of Housing

 

I have been a victim of the Residential Tenancies Act and find the entire legal situation unjust, petty and completely in favour of the tenant. The laws should have some balance, but it is quite laughable here. It’s not just my opinion either. I talk with various people and surprisingly those that have asked a lawyer whether they should invest in a rental property, the lawyer tells them bluntly don’t do it the laws are completely against you.
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Highlights of Our Meeting with the Ministry of Housing!!

Saturday, February 19th, 2011

Highlights of Our Meeting with the Ministry of Housing

February 2011 – Landlord Justice, LTB

On Thursday, February 17, 2011, Senior Members of the Ontario Landlords Association met with three Senior Members of Minister Bartolucci’s staff at the Ministry of Housing Offices, 777 Bay Street, Toronto. Also in attendance was the Honourable MPP Mike Colle, who really engaged with us and shared a number of troubling stories from his own constituents.

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If you could change 3 things about the current laws for Ontario Landlords…

Saturday, February 12th, 2011

The Ontario Landlords Association for small business landlords has received a request to create a list (with follow-up explanations) of what changes should be made to the Residential Tenancy Act and to the Landlord  Tenant Board.

Here’s a chance to get your views to those who make the decisions. Please keep it to 3 main points, and if you can add an explanation or personal experience regarding the matter, please do so.

Please post in the HELP FORUM and get YOUR VIEWS HEARD!!