The Ontario rent increase guideline for 2023 has been set at 2.5 per cent. The 2023 guideline is applicable to most rent increases between January 1 and December 31, 2023.
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KNOWLEDGE CAFÉ
Month: <span>July 2022</span>
All your real estate information in one place. Learn from a REALTOR® how to navigate the real estate market and become a knowledgeable consumer. I post interesting topics on this page regularly. Feel free to contact me if you have any questions, or if you want to know more about any of the topics. The information contained on this page is intended solely to provide general guidance on matters of interest for personal use. All content is provided ‘as is’, without warranty of any kind and should not be used as a substitute for consultation with a qualified professional.
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Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market. The average selling price, at $1,146,254, remained 5.3 per cent above the June 2021 level, but continued to trend lower on a monthly basis.
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