For 2024, the maximum rent increase is 2.5% under Ontario’s rent control rules.

The 2025 guideline has not been announced yet.

If you want to raise rent above the limit, you must apply to the Landlord and Tenant Board (LTB).

Units first occupied after November 15, 2018, are not subject to rent control, meaning landlords can set their own increases.

Conduct a credit check using Equifax or TransUnion.

Verify employment and income with pay stubs or a letter from their employer.

Request references from previous landlords.

Meet with the tenant to assess reliability and compatibility.

In Ontario, landlords cannot request a security deposit for damages.

You are allowed to collect a rent deposit equal to one month's rent, which is applied to the last month of tenancy.

Issue a 14-day eviction notice (N4 form) immediately.

If the tenant does not pay within 14 days, you can file with the Landlord and Tenant Board (LTB) for an eviction order.

The eviction process may take several months, so acting quickly is important.

es, you can decline a tenant based on poor credit, lack of stable income, or weak references.

However, you cannot discriminate based on race, religion, age, gender, or other protected grounds under the Ontario Human Rights Code.

You must provide at least 24 hours' written notice before entering, unless it’s an emergency.

Entry must be between 8 a.m. and 8 p.m., and you must have a valid reason such as repairs, inspections, or showings.

Landlord insurance is highly recommended as it covers damages, liability, and potential loss of rental income.

Standard home insurance does not protect against tenant-related risks.