The Ontario rent increase guideline for 2024 is 2.5%.
Rent Increase Guidelines for 2024 quick facts:
- The rent increase guideline for 2024 is 2.5%
- The 2024 rent increase is the same as 2023
More on raising rent
As always, a rent increase must follow a ‘Notice of Rent Increase’, issued 90 days prior. To learn more about rent increase rules, guidelines, and forms, visit our Rent Increase Guide.
How LandLord can help
We professionally, legally, and fairly issue rent increases to our tenants on behalf of our clients. We know there are several things to consider before a rent increase, and that every property is unique. If you would like to discuss what strategy would work best for you, get in touch with our advisors todays.
Remember, as a rental property owner, you always have the option of outsourcing your rent increases as well as your rent collection and property management. If you would like to experience “hands-off” rental property ownership, schedule a consultation with our team today!
Learn more at Ontario.ca