Savvy Toronto condominium owners can relate to the importance of screening tenants and collecting rent on time. They’re also aware that business costs increase every year, so it’s necessary to raise the rent yearly to cover these increasing costs. Thankfully, the government does allow these yearly raises to happen, albeit only up to a certain amount. According to news reports, the Ontario Government has capped the rent increase for 2015 at 1.6 percent.
http://www.comfield.ca/toronto-property-management-is-your-property-exempt-from-rent-control/
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