Rent increase guideline for 2020

Rent increase guideline for 2020

The rent increase guideline is 2.2% for increases between January 1 and December 31, 2020. Who it applies to The guideline applies to most private residential rental units covered by the Residential Tenancies Act. The guideline does not apply to: vacant residential units social housing units nursing homes commercial properties This guideline also does not apply to new buildings, additions to existing buildingsand most new basement apartments that are occupied for the first time for residential

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