Ontario increases amount landlords can raise rent by highest level in a decade

The government recently announced that landlords can increase rent to tenants by its highest level in over a decade.

Did you know if you own a property that occupied after November 2018, the landlord is exempt from these limitations?

This can be seen in 2 ways.

1. With rents increasing and home prices slowing down buying a home now becomes a lot more attractive than renting

2. Property investors that have jumped into the market in the last few years have more options to get a return on their investment based on the higher demand from renters

Trying to figure out how to navigate the market as a new buyer or a soon-to-be renter? We can help.

https://www.cp24.com/news/ontario-increases-amount-landlords-can-raise-rent-by-highest-level-in-a-decade-1.5968121