What's Happening?
Ontario's rent increase guideline for 2026 is set at 2.1%, capping the maximum rent increase landlords can impose without approval from the Landlord and Tenant Board. This guideline applies to most private residential rental units covered by the Residential Tenancies Act, 2006. Exceptions include new buildings, additions to existing buildings, and units occupied for the first time after November 15, 2018. Landlords must provide tenants with written notice of rent increases at least 90 days before they take effect, using proper forms available from the Landlord and Tenant Board.
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Why It's Important?
Ontario's rent increase guidelines are crucial for maintaining housing affordability and providing predictability for tenants. By capping rent increases, the guidelines protect tenants from sudden price hikes, ensuring stability in housing costs. However, exceptions for new buildings and units can lead to higher rents, highlighting the need for balanced policies that protect tenants while encouraging investment in new housing stock. The guidelines' impact on housing affordability and market dynamics remains a critical consideration for policymakers.
