Is rent capped at 55C Residences?
No.
Not rent controlled
Your rent at 55C Residences is not capped. The building's first tenants moved in Jul 2024, after November 15, 2018, so Ontario's annual rent increase guideline does not apply. Your landlord can raise the rent by any amount once every 12 months, with 90 days' written notice.
- Address
- 55 Charles Street East, Toronto
- First tenants moved in
- Jul 2024
- Cutoff
- November 15, 2018
- Rule
- RTA, 2006, s. 6.1
The date is the builder's first move-in date for the building. The rule goes by your unit, so ask the landlord to confirm before you sign.
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