These increases are set by the Government of Ontario
Look at the increases that used to be allowed before 1994, some increases up to 6% and quite high for all the years in the early nineties and late eighties, the rules are much tighter nowadays to protect tenants from large rental increases
| YEAR | RENTAL INCREASE ALLOWED, as % |
| 1987 | 5.2% |
| 1988 | 4.7% |
| 1989 | 4.6% |
| 1990 | 4.6% |
| 1991 | 5.4% |
| 1992 | 6% |
| 1993 | 4.9% |
| 1994 | 3.2% |
| 1995 | 2.9% |
| 1996 | 2.8% |
| 1997 | 2.8% |
| 1998 | 3% |
| 1999 | 3% |
| 2000 | 2.6% |
| 2001 | 2.9% |
| 2002 | 3.9% |
| 2003 | 2.9% |
| 2004 | 2.9% |
| 2005 | 1.5% |
| 2006 | 2.1% |
| 2007 | 2.6% |
| 2008 | 1.4% |
| 2009 | 1.8% |
| 2010 | 2.1% |
| 2011 | 0.7% |
| 2012 | 3.1% |
| 2013 | 2.5% |
| 2014 | 0.8% |
| 2015 | 1.6% |
| 2016 | 2.0% |
| 2017 | 1.5% |
| 2018 | 1.8% |
| 2019 | 1.8% |
| 2020 | 2.2% |
| 2021 | 0% |
| 2022 | 1.2% |
| 2023 | 2.5% |
| 2024 | 2.5% |
As a Landlord or Tenant, you'll want to know how much your rental amount can increase every year.
A quick look at the table above tells you that the rental increase allowable in Ontario varies between 0.7 and 6%. Typically, over the past 10 years the allowed increase averages out well under 2%.
So, if you're renting, you now know how much your rent can go up, and as a Landlord, always remember to apply the rent increases to your tenants. Many times I've seen Landlords who bag a great tenant and never apply the rental increase, which, in the long run can devalue your property.
