Unlike for residential tenants, in Ontario a business’s rent can go up by any amount at the end of a lease or during a month-to-month agreement. In fact, there are virtually no protections or standards for commercial renters at all.
According to a 2022 Better Way Alliance survey:
- Over 75% of businesses have experienced a one-time rent increase of 10% or more
- 20% of businesses have experienced a one-time rent increase of 50% or more
- 10% of surveyed businesses have seen a one-time rent increase of 100% or more
The Better Way Alliance (BWA) launched Commercialrent.ca to create awareness and urge provincial governments to take the lack of regulation in commercial real estate seriously.