Ontario Raises Maximum Allowable Rent Increase as Rent Freezes End

The CN Tower can be seen behind condo's in Toronto's Liberty Village community in Toronto, Ontario, April 25, 2017. The Canadian Press/Cole Burston

TORONTO—Ontario renters may soon be paying more for their accommodations after the province hiked its rent increase guidelines today.

The province says it has set its rent increase guideline for 2022 at 1.2 percent.