Although rent increases is a sore subject when talking about the rental market in Canada, the reality is that in any industry price increases are almost an inevitability. Any money-making venture, if lucky enough to be around long enough, will have to increase their prices to keep up with the rising costs of everything. Even only considering inflation, it would mean an almost yearly change to rent prices. Luckily these rental amount changes are completely at the landlord’s discretion and are not mandatory. And to ensure fair treatment of tenants the method and in some cases the amount of the increase are outlined and enforceable for every province. That’s why we compiled a handy guide of what those policies are below.
For additional information on each of the province’s rent increase policies, click on the links below.