Ontario sets 2025 rent increase cap at statutory upper limit of 2.5 per cent

By Karunjit Singh ( June 28, 2024, 5:02 PM EDT) -- Ontario has set the annual rent increase guideline for 2025 at 2.5 per cent, the upper limit for inflation-based annual rent hikes applicable to most housing units in Ontario, according to a release. The guideline does not apply to housing units first occupied after November 2018 or vacant residential units....