SingleKey

We’ve acquired Canada’s leading tenant screening provider, Naborly! 🎉 Learn More

Download Free Rental Application
Forms

What goes into evicting a tenant
in Canada?

Free residential tenancy agreements for every Canadian province

Find out how much it costs to evict a tenant in Canada

SingleKey 2021
Rental Reports

Tips, resources and advice for landlords and property managers

Ontario Rent Increase 2023

Are you expecting your tenants to stick around a little longer? Wondering what the rules are for rent increases? We’ve pulled together the information you need to discuss rental increases in Ontario with your tenant!

What’s New For 2023

The Ontario rent increase guideline for 2023 is 2.5%, which means if the landlord provides a tenant at least 90 days proper written notice, they can increase the rent on a residential rental unit from $1,000 to $1,025.

Rules For Increasing Rent

The landlord must give at least 90 days written notice of a rent increase before it takes effect. In most cases, the rent for a residential unit can be increased 12 months after:

Landlord Tenant Board Rent Increase Forms

Use the forms available from the Landlord Tenant Board to give proper notice. Don’t forget, if you do not give proper notice, or raise the rent by an improper amount, your tenant can dispute it within 12 months after the amount was first charged.

LTB Rent Increase forms include:

2023 Rent Increase Guideline

The guideline is the maximum a landlord can increase most tenants’ rent during a year without approval of the LTB. This means most residential rents cannot go up by more than the rent increase guideline for every year. For 2023, the Ontario Rent Increase Guideline is 2.5%.

The guideline applies to most residential rental units covered by the Residential Tenancies Act, such as:

The rent increase guideline does not apply to:

Don’t Forget

Exceptions can be granted by the LTB for approval to raise rent by more than the rent increase guideline. Guidelines only apply to the rent portion of the bill for care homes, but does not apply to the cost of services like nursing, food, or cleaning. New buildings, additions, and most new basement apartments that are occupied for the first time after November 15, 2018 are exempt from rent control.

Resolving Issues About Rent Control

Either tenants or landlords can contact the LTB and determine whether a unit is exempt from the rent increase guideline. To show a unit is exempt from rent control, a landlord should include an additional term in the lease stating such, and keep records that prove this is the case.

Rent Increase Guideline Exemption

All new buildings and additions to existing buildings that are residentially occupied for the first time after November 15, 2018, are exempt from the provincial rent control guidelines. It is important to keep documents that will prove the exemption in the case where a dispute occurs or is requested by the tenant.

Learn more about the exemption

Get Your Rent Without The Stress

Set up automatic payments today with our Rent Collection tool.
Click for the BBB Business Review of this Screening - Tenant in Toronto ON
Join Our Newsletter
Contact
The SingleKey Rent Guarantee coverage is provided by Lloyds Lloyds Crest Lloyds, rated A+ by A.M. Best. Coverage is offered in the form of a surety performance bond. SingleKey is a participating member of Protected Cell Captive insurance company that is one hundred percent reinsured within the Lloyd’s Market rated A+ by A.M. Best. 

© All rights reserved SingleKey 2022.