Ontario approves rent Increase

From OREA's January 2011 issue of Queen's Park Plus 
Landlords in Ontario have been given permission to raise rent by 0.7 per cent in 2011 – the lowest
rent hike for Ontario residents in the last 35 years.
The guidelines provide the maximum amount a landlord is able to hike the rent without getting
approval from the Landlord and Tenant Board.
The government says this year’s guidelines for increasing rent are sitting at the lowest level in the
history of Ontario rent regulation.
The annual rent increase guideline is based on the Ontario Consumer Price Index (CPI).
The Consumer Price Index is released monthly by Statistics Canada and is widely regarded as a
reliable and objective measure of inflation