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Ottawa Landlords and the 2014 Rent Increase Guideline (It’s 0.8%) Ottawa Landlords Face The Lowest Rent Increase in Decades As outlined by an article at the Rent Association, the maximum amount landlords can increase the rent in 2014 is 0.8%. This can be the Rent Increase Guideline for 2014. In Ontario the government sets simply how much landlords can raise the rent for existing tenants each year. The Minister of Municipal Affairs and Housing is Linda Jeffrey. The Minister says: “The Rent Increase Guideline is based on the Ontario Consumer Price Index. This year’s rate will probably be the second lowest in history. It helps to make certain Ontario families have an overabundance money in their pockets while keeping housing affordable” As outlined by the Secretary of state for Municipal Affairs and Housing The average rent increase guideline from 2004 to 2013 was 2.1 per cent. The average rent increase guideline from 1993 to 2003 was 3.1 per cent. The Rent government passed legislation in 2012 to amend the Residential Tenancies Act, 2006 to make sure that the guideline is capped at no beyond 2.5 per cent. The 2014 guideline refers to rent increases that occur between Jan. 1 and Dec. 31, 2014. A tenant has to be given proper written notice of any rent increase at the very least 90 days before the rent increase takes effect. The guideline is calculated under the Residential Tenancies Act, 2006, which came into force on Jan. 31, 2007. The calculation is based on the Ontario Consumer Price Index, a measure of inflation that may be calculated by Statistics Canada. Many landlords have voiced their concerns that a real low rate will not let them cover their growing expenses. Some tenants have likewise voiced their displeasure praoclaiming that landlords can raise the rent while wages remain stagnant and a lot of landlords are using ‘above guideline’ rent increase to rents far beyond the rent increase guideline.

Ontario landlord association  

Ontario Landlord Association.

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