By ANTONELLA ARTUSO, Queen’s Park Bureau Chief
http://www.torontosun.com/news/canada/2011/01/02/16734661.html#/news/canada/2011/01/02/pf-16734661.html
Last Updated: January 2, 2011 5:20pm Ontario rents will be allowed to edge up by only 0.7% in 2011.
It is the lowest increase in the 35-year history of the province’s rent guideline — the maximum annual rent increase allowable without seeking special approval from the Landlord and Tenant Board for a heftier hike.
“The McGuinty government is providing real protection for tenants by linking the rent increase guideline to the Ontario Consumer Price Index which prevents routine rent increases above the rate of inflation while ensuring landlords can recover increases in their costs,” said Liberal cabinet minister Jim Bradley. Continue reading →