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Canada Rent Increase Guide – How Much Can Landlords Across Canada Raise the Rent in 2015?

January 18th, 2015 · No Comments · Alberta Landlords, BC Landlords, Ontario landlords, Rent Increase Guideline 2015

 Canada Rent Increase Guide  How Much Can Landlords Across Canada Raise the Rent in 2015

Are you going to raise the rent on your tenants this year?

2015 looks to be a good year for Canadian landlords. With the economy strong in most areas, people are getting jobs and looking to live in high quality rental properties.

Many Canadian landlords are going to raise the rent in 2015. Did you know rent controls differ from province to province? Yes, it’s true. There is no nation-wide policy.

So to help you know how much you can raise the rent we have prepared a helpful list with links to your provincial regulatory bodies.

1. Ontario Landlords Can Raise the Rent 1.6% in 2015

The Ontario 2015 rent increase is 1.6% You can get more information here.

Please note that there are exemptions to the Ontario Rent Increase Guideline. For example if your property was built after 1991 you can raise the rent as high as you want as long you provide proper notice. Here are the rules for properties that may be exempt:

The Ontario Residential Tenancies Act and the rent increase guideline doesn’t apply to landlords if you meet the following criteria:

The provisions of the RTA that deal with the maximum amount by which rents can be increased do not apply with respect to a rental unit if:

#1 It was not occupied for any purpose before June 17, 1998

– meaning it is either in a new building (often a condominium building) built since 1998, or an older building with a new unit or never occupied, residentially or otherwise, before June 17, 1998;

#2 It is a rental unit no part of which has been previously rented since July 29, 1975

– meaning only the owner has used or occupied the unit since 1975; or

#3 No part of the building, mobile home park or land lease community was

occupied for residential purposes before November 1, 1991

– meaning the building was probably commercially used before 1991 and then was converted to residential use.

2. BC Landlords Can Raise the Rent in 2015 up to 2.5%

British Columbia’s rent increase guideline for 2015 is 2.5%.

The percentage is based on inflation plus two per cent. While the yearly rental increase cap is meant to be the maximum amount rents can go up, most landlords usually opt to raise rents by the full rate.

A 2.5 per cent increase means rent on a $1,000-per month one bedroom apartment will go up by 25 dollars a month, or $300 a year.

You can get more information here.

3. Alberta Landlords Are Special

There are no controls on the amount of a rent increase for Alberta Landlords, but it can only be increased if there has not been a rent increase within the previous 365 days or since the start of the tenancy, whichever is later.

Before the rent can be increased the landlord must give written notice in advance. The specific time-frame is dependent on the term of the tenancy:

weekly: 12 full tenancy weeks

monthly: 3 full tenancy months

any other periodic tenancy: 90 days

A notice of increase in rent must indicate the date on which the increase is to be effective and must be dated and signed by the landlord.

4. Quebec Landlords Face Specific Rules

In Quebec, some specific rules apply to residential rent increases. For leases longer than 12 months, the landlord and the tenant are free to adjust the rent during the course of the lease. If the duration of the lease is 12 months or less, the rent may not be increased during the course of the lease. There is no cap on rent increases or fixed rates of increase however the tenant must be given proper notice in writing. Read about it here.

5. Manitoba Landlords Rent Increase

In Manitoba, the allowable rent increase for 2014 is 2.4%.

The rent guideline applies to most residential rental properties, including apartments, single rooms, houses and duplexes.

It does not apply to units renting for $1,435 or more per month as of Dec. 31, 2014; personal care homes; non-profit housing with subsidized rent; approved rehabilitated rental units; and new buildings that are less than 15 years old, where an occupancy permit was first issued or a unit first occupied after April 9, 2001, or less than 20 years old, where an occupancy permit was first issued or a unit first occupied after March 7, 2005.

Read more about it here.

Are You Going To Raise the Rent In 2015?

If you are make sure you follow the rules of your province carefully.

Landlords across Canada, how much will you raise the rent in 2015?

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