So the allowable rent increase in Ontario for 2011 is...0.7%

Take a careful look potential landlords!

The lowest allowable increase in 35 years.


In British Columbia for 2011 it's 2.3%

In Manitoba for 2011 (no new HST) it's 1.5%

In Ontario it's .07%

Good thing prices aren't going up in Ontario, especially electricity and hydro. And it's nice that there hasn't been any new taxes. Oh wait...

Good article in the Toronto Sun: http://www.torontosun.com/news/canad.../16734661.html

The recession has been very hard on many tenants, and unemployment in Toronto continues to hover at about 10%, he said.
”It’s not renting out a movie at Blockbusters — it’s people’s housing,” Dent said. “Any increase right now during this difficult time is hard for any tenant.”
Also, Ontario does not have “real” rent control because the landlord is only obliged to follow the guideline for an existing tenant, he said.
“If you move into a unit, though, a landlord can charge you whatever he wants,” Dent said. “The last tenant could have been paying $500 a month and they can charge you $2,000.”