Ontario caps 2024 rent increases at 2.5 per cent; does not apply to newer units
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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 same rate as for this year, and he notes that it is below the average inflation rate of 5.9 per cent.
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