Ontario 2024 Rent Increase Guideline Update. The rent increase guideline for most residential tenants in ontario will be capped at 2.5% in 2024. Most ontario landlords will be able to increase rent by up to 2.5 per cent next year.
Municipal affairs and housing minister steve clark says the rent increase guideline for 2024 is set at the. The allowable rent increase per year in ontario is determined by the rent increase guideline set annually by the ministry of municipal affairs and housing.