In my province the cap for increase was usually around 1.5 - 2% for existing tenants/renewing lease.
The conservative gov went ahead and fucked everything up and said this doesn’t apply to anything built after 2005, or new builds - that means any new anything in an existing building.
New basement rooms? No cap. (No cap)
But, if the basement had rooms 35 years ago, and you ‘build’ “new” rooms, it isn’t new and falls under the older more tenant friendly laws.
However, between tenants, a landlord can do whatever the fuck they want to prices.
Hello fellow Ontarians. I feel your pain. It may be little solace but know I bought a house with a basement tenant 3 years ago. Their rent was $1100 a month for a 1 bedroom 3 years ago and it’s 1100$ a month now. I don’t need the money. Fuck landholding pariahs taking advantage of renters.
In my province the cap for increase was usually around 1.5 - 2% for existing tenants/renewing lease.
The conservative gov went ahead and fucked everything up and said this doesn’t apply to anything built after 2005, or new builds - that means any new anything in an existing building.
New basement rooms? No cap. (No cap) But, if the basement had rooms 35 years ago, and you ‘build’ “new” rooms, it isn’t new and falls under the older more tenant friendly laws.
However, between tenants, a landlord can do whatever the fuck they want to prices.
Shitty rooms went from 375 to 700 I’m 5 years.
Hello fellow Ontarians. I feel your pain. It may be little solace but know I bought a house with a basement tenant 3 years ago. Their rent was $1100 a month for a 1 bedroom 3 years ago and it’s 1100$ a month now. I don’t need the money. Fuck landholding pariahs taking advantage of renters.
Rentoid propoganda! /s