The Ministry of Municipal Affairs and Housing has released the province’s rent increase guideline for 2014. The 2014 guideline will be 0.8 per cent. The new rent increase guideline applies to a rent increase that begins any time between January 1, 2014 and December 31, 2014.
There are other ways to receive above guideline increases on your rental units. This does not apply to units that become vacant during this time. It only applies to Tenants coming up for their yearly renewal or the anniversary date for month to month Tenants.