This Rent Increase Calculator is a free tool for Toronto landlords to calculate their rent increases legally and effectively.
If you require assistance navigating rent increases, schedule a call with our team.
Rent Increase Calculator
Toronto Rent Increase Rules
Most residential rental properties in Toronto are eligible to raise rent one year after either the last increase or the date the tenancy began. That is one year after your tenant started renting the property or one year after your last increase.
Rent Increase Guidelines
2025 = 2.5% | 2024 = 2.5% | 2023 = 2.5% | 2022 = 1.2%
The rent guideline is a percentage, based on the current rent, that calculates the maximum amount a landlord can raise rent. For example, if you are charging your tenant $1,000 per month, the current guideline would allow you to raise rent by $12 ($1,000 x 1.2%), making your new rent $1,012. This guideline applies to most properties.
In the following Rent Increase Calculator, the rent is set to $2,500 and the rate is set to 2.5% but displayed as the integer 0.025. You can update the rent and calculate your custom rent increase.
Rent Increase Calculator
Rent Increase:
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Updated Rent Rate:
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Notice of Rent Increase Form
A notice of rent increase must be provided to your tenant 90 days before the increase is implemented.
The form can be found at Tribunals Ontario – Landlord & Tenant Board site > Forms > Forms for Landlords > Download – N1: Notice of Rent Increase or by clicking the following shortcut:
Rent Increase Schedule
Rent can only be increased as early as one year after the start of a lease or one year after the last increase in most cases.
A notice of rent increase must be provided to the tenant 90 days prior to the rent increase taking affect. For example, if your tenant started their lease on Sept 1, 2021, you can increase their rent by 1.2% as of Sept 1, 2022 but you must make them aware of the increase by June 1, 2022.
Rent Increase Limit Exceptions
There are exceptions limits and guidelines defined above.
“New buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018 are exempt from rent control.” – https://www.ontario.ca/page/residential-rent-increases
Outsource Your Increase & Collection
When you are ready to unload some of your responsibilities as a landlord to a trusted and professional team, get in touch with LandLord. We help thousands of landlords throughout Toronto and around the world in managing condos, townhomes, single-family dwellings, and multiplexes. Learn more about how we make being a landlord easy by scheduling a conversation with our team.