2016 Ontario rent increase guideline set at 2%

Well, at 2% it’s much higher than the “politically motivated 2011 Ontario rent increase guideline of .7%.

Okay, this is interesting news. But does it really matter that much? In most cases probably not because real estate is a long term investment, and when it comes to Toronto residential rents:

1. Your best Toronto rent is not necessarily your highest rent; and

2.You need to be thoughtful about when, whether and how much to raise residential rents anyway.

And as a reminder:

On the one hand:

But, on the other hand:

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