Law Reform and Advocacy
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Annual Rent Guideline Changes

The Residential Tenancies Act sets an annual guideline which sets the amount that most landlords can raise rent by each year.  This amount is based on the increase in the Consumer Price Index for the year before.  On June 19, 2012, a new law came into effect which limits this amount to 2.5%.  The Minister of Municipal Affairs and Housing announced that the guideline for 2013 will be 2.5%.  You can read her announcement here.

The committee of the Legislature that was studying this law voted down the government’s proposal that the guideline never be allowed to fall below 1%.