Increasing cost of utilities, no longer a reason to raise rents.
The landlords in Ontario can no longer use the increasing cost of utilities as a reason to apply for an above-guideline rent increase on their units.
Prior to April 20, a landlord could apply to the board for an increase due to:
An extraordinary increase in municipal taxes, charges or utilities.
Eligible capital expenditures.
Operating costs related to security services.
The proposed legislation says- the government wants to change the Residential Tenancies Act to "no longer allow applications based on an extraordinary increase in the cost for utilities.
