The bad news is that your rent might be going up, but the good news is that it’s not going to go up as much as it could have. According to the Government of Ontario, the province’s rent increase guideline for 2023 will be set at 2.5 per cent, meaning that’s how much your landlord might be able to raise your rent by without getting approval from the Landlord and Tenant Board, but hey, it could have been 5.3 per cent. Continue reading “Government of Ontario Cap Rent Increases to 2.5 Per Cent in 2023”
