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Ontario's 2027 Rent Increase Guideline Is 1.9% — What Landlords and Tenants Need to Know Before October

  August 16, 2026 If you own a rental property in Ontario — or rent one — mark October 3 on your calendar. That's the earliest a landlord can legally serve notice for a rent increase that takes effect January 1, 2027, and it's the practical starting gun for a guideline that's quietly gotten tighter for the third year in a row. The province has set the 2027 rent increase guideline at 1.9% , down from 2.1% in 2026 and well off the 2.5% legal ceiling that held for three straight years before that. It's the lowest guideline Ontario has published in years — and while that sounds like a straightforward win for tenants, the real story for both sides is in the timing, the exemptions, and what a below-inflation-feeling number actually does to a landlord's math. What It Means for You Landlords: the earliest you can serve a valid N1 notice for a January 1, 2027 increase is October 3, 2026 — 90 days' notice is mandatory. Tenants: a 1.9% cap only applies if your unit is rent...
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Bank of Canada Urges Urgent Action to Boost Productivity and Tackle Inflation Risks

 

The Bank of Canada (BoC) has issued a stark warning about the country’s low productivity, emphasizing the need for immediate action. In a recent address, Senior Deputy Governor Carolyn Rogers urged businesses to invest more in order to enhance productivity. This move, she emphasized, would serve as a crucial buffer against the looming threat of inflation.

Rogers declared, “It’s an emergency - it’s time to break the glass.” She stressed that increasing productivity is essential for safeguarding the economy without relying solely on higher interest rates. The BoC has already raised rates to a 22-year high, but Rogers refrained from specifying a timeline for potential rate cuts.

The Canadian economy grapples with several challenges affecting productivity:

  • Insufficient Investment: Rogers highlighted the lag in investment in machinery, equipment, and intellectual property.
  • Lack of Competition: A competitive landscape is crucial for driving productivity gains.
  • Skills Utilization: New Canadians often struggle to fully utilize their skills, contributing to the productivity gap.

Rogers warned that inflation could become a more significant threat due to factors such as:

  • Decreasing Globalization Benefits: As globalization wanes, prices face pressure from demographics, climate change, and trade tensions.
  • Productivity and Inflation: An economy with low productivity can only grow so quickly before inflation takes hold.

Despite expectations of productivity improvement post-pandemic, progress has been slow. Meanwhile, other nations outpace Canada in investment. Rogers emphasized the urgency of reversing this trend.

Canadian businesses must prioritize productivity enhancements to fortify the economy against inflationary pressures. The recent uptick in labor productivity is encouraging, but sustained efforts are necessary.

Key Statistics:

  • Canadian businesses’ labor productivity rose 0.4% in Q4 2023 after six consecutive quarters of decline.
  • Annual productivity declined by 1.8% in 2023, marking the third consecutive year of decline.

The Bank of Canada remains vigilant, ready to act if needed. Boosting productivity is not just a recommendation; it’s an economic imperative. 

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