RENT INCREASE GUIDELINE SET FOR 2024
The 2024 rent increase guideline is three per cent, effective January 1, 2024.
Tenants must be given proper written notice at least three months before a rent increase takes effect (for example, if a landlord wants to increase the rent on January 1, a tenant must receive the notice on or before September 30). A notice to increase rent must meet the requirements of The Residential Tenancies Act. The branch provides Notice of Rent Increase forms for landlords to use, as an electronic form submission or in fill and print format. In most circumstances, rents can only be increased once a year.
The rent increase guideline for 2024 is set using a transparent method, outlined in the Residential Rent Regulation. The guideline is determined based on the percentage change in the average annual “All-Items”, seasonally adjusted Consumer Price Index (Manitoba only) data published by Statistics Canada.
For an explanation of how the annual rent increase guideline is calculated, click
here.
The guideline applies to most rented residential apartments, single rooms, houses and duplexes. Some units are exempt from Part 9 of The Residential Tenancies Act and do not have to follow the annual rent increase guideline. These are:
- units renting for $1,615.00 or more per month
- various types of social housing
- rental units owned and operated by, or for, provincial, municipal, or federal governments
- rental units in buildings first occupied after March 2005
- not-for-profit life lease units
- cooperative units
- approved rehabilitated rental units
Landlords can apply for a larger increase if they can demonstrate that the guideline amount will not cover cost increases they have incurred.
The economic adjustment factor for 2024 is 1.9 percent. The economic adjustment factor helps to offset the costs of inflation.
For more information, please contact the branch office nearest you
