Comparing 2023 Allowable Rent Increases - Calgary VS Toronto
The rent increase guideline is the maximum amount a landlord can increase rent during the year for most tenants.
In Ontario, that amount for 2023 is 2.5% which is below the current rates of inflation.
In Calgary, there is no rent control so landlords can adjust the rent to whatever the market rate is. Since rents are up more than 20% YoY, this could mean hundreds more per month and thousands of dollars of extra cash flow going into your pocket.
Plus Calgary is generally friendlier to landlords than Ontario is and you get much more rent per dollar invested. Why haven’t you invested in Calgary yet?