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Posts Tagged ‘apartment’

In 1996, the Progressive Conservative government of Ontario scrapped rent controls for new tenants.

According to the Bank of Canada’s Inflation Calculator, core inflation from 2007 to 2009 was 2.95%.

As an example, one apartment I know of went from $850 a month in rent to $935, after only two years — an increase of 10%. The controlled rent increase over that same period was 3.2%.

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