If its built after 1991 There are no landlord Tenant limits for increasing rents. It is whatever the market will bare.
“I was shocked, and all my friends who live in condos were shocked, to find out that we are powerless.” The now-renamed Residential Tenancies Act sets out tenant protections for all rental units across Ontario, but rent control provisions only apply to buildings occupied before Nov. 1, 1991. That’s turned out to be great news for condo investors, allowing them to pass on escalating maintenance fees and other costs almost directly to their tenants. But for a growing number of condo tenants, it’s making for an uncertain future.