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Rent Increase Calculator Canada Ontario

Rent Increase Formula:

\[ \text{Rent Increase} = \min(\text{CPI}, 2.5\%) \times \text{Current Rent} \]

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1. What is the Rent Increase Calculation?

The Rent Increase Calculator determines the maximum allowable rent increase for Ontario tenants in 2022, which is based on the Consumer Price Index (CPI) but capped at 2.5% for this year.

2. How Does the Calculator Work?

The calculator uses the following formula:

\[ \text{Rent Increase} = \min(\text{CPI}, 2.5\%) \times \text{Current Rent} \]

Where:

Explanation: The calculation takes the lower of the actual CPI or 2.5% and applies it to the current rent amount to determine the maximum allowable increase.

3. Ontario Rent Increase Guidelines

Details: For 2022, the Ontario government capped rent increases at 2.5%, regardless of the actual CPI. Landlords must provide proper notice (90 days) before increasing rent.

4. Using the Calculator

Tips: Enter the current CPI percentage (will be automatically capped at 2.5%) and your current monthly rent amount. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the maximum rent increase allowed in Ontario?
A: For 2022, the maximum increase is 2.5%, regardless of the CPI. This cap applies to most private residential rental units.

Q2: How often can a landlord increase rent?
A: In Ontario, rent can only be increased once every 12 months with proper 90-day written notice.

Q3: Are there exceptions to the rent increase cap?
A: New buildings, additions to existing buildings, and most new basement apartments first occupied after November 2018 are exempt from rent control.

Q4: When does the 2.5% cap apply?
A: The 2.5% cap applies to rent increases between January 1 and December 31, 2022.

Q5: What if my landlord tries to increase rent more than 2.5%?
A: You can apply to the Landlord and Tenant Board to dispute the increase if it exceeds the guideline or if proper notice wasn't given.

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