In Ontario, annual residential rent increases are regulated by the provincial rent increase guideline. However, the guideline only applies to most rental units first occupied for residential purposes on or before November 15, 2018. Rental units first occupied after that date are generally exempt from the provincial rent increase cap. Below is a summary of Ontario’s maximum allowable rent increase percentages for the past 10 years, including what the increase would equal on a $2,000 monthly rent.
If your rental unit was first occupied after November 15, 2018, Ontario’s annual rent increase guideline does not apply, and the landlord is not limited by the provincial cap.
Rent Increase Limits in Ontario (Last 10 Years)
| Year | Maximum Rent Increase (%) | Max Increase on $2,000 Rent | New Monthly Rent After Increase |
|---|---|---|---|
| 2026 | 2.5% | $50 | $2,050 |
| 2025 | 2.5% | $50 | $2,050 |
| 2024 | 2.5% | $50 | $2,050 |
| 2023 | 2.5% | $50 | $2,050 |
| 2022 | 1.2% | $24 | $2,024 |
| 2021 | 0% (Freeze) | $0 | $2,000 |
| 2020 | 2.2% | $44 | $2,044 |
| 2019 | 1.8% | $36 | $2,036 |
| 2018 | 1.8% | $36 | $2,036 |
| 2017 | 1.5% | $30 | $2,030 |
