Rent increases capped at 1.8% for 2018

(Newswatch Group/Bill Kingston, File)

TORONTO – The province has set the 2018 ceiling for how much a landlord can raise your rent.

The Ontario government announced Friday, the maximum landlords can raise a tenant’s rent next year is 1.8 per cent.

The maximum increase is based on the consumer price index – a measure of inflation.

Landlords can still apply to the Landlord and Tenant Board for an increase above the guideline, based on certain circumstances.

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