Page 2 - Philip Zigman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Applications to increase rent above the legal guideline rose sharply last year, despite a provincial rent freeze.

More and more landlords are hiking rents above the yearly limit in Toronto Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. Despite the fact that there are rules restricting how much the rent for many properties in Ontario can be increased each year, there are still ways that landlords can jack prices up even more under certain circumstances — and in Toronto, they've been doing so more than ever in recent years. If the Landlord and Tenant Board approves their application for an above guideline rent increase (AGI...

Above-guideline rent increases in Toronto up 250 per cent in six years: report Corporate landlords are responsible for 84 per cent of all above-guideline rent increases in Toronto, according to RenovictionsTO By Julia Mastroianni Justin Wei / Unsplash The number of applications for above-guideline rent increases (AGI) between 2019 and 2020 was two and half times than in 2012 to 2013 in both Ontario and Toronto, according to a new report. On Wednesday, RenovictionsTO released data that found there were 296 AGI applications in the 2012-2013 fiscal year in Ontario, versus 758 in from 2...