ONTARIO’S YEAR LONG RENT FREEZE IS ABOUT TO EXPIRE
Last year, in response to the COVID-19 pandemic, the Ontario government passed legislation to freeze rent at the 2020 level for most rental units governed by the Residential Tenancies Act. This rent freeze will end on December 31, 2021. Beginning January 1, 2022, Landlords and property managers are able to enforce a 1.2% rent increase. This 1.2%[…]