If you’re talking about renting in Ontario, chances are there’s one term that comes up over and over again: rent control.

But what does that actually mean, and how does it work? Perhaps most importantly, does it apply to your apartment?

Here’s what you need to know:

Any apartment, house, condo, basement or mobile home that someone has lived in since before Nov. 15, 2018 is covered by rent control. That doesn’t mean rent can’t go up. It means that rent can be increased once a year and the provincial government decides by how much.

In 2023 and 2024, rent