### Calculating the Annual Rent Increase Guideline:

The rent increase guideline is set using a transparent method - the average annual change in the consumer price index for Manitoba (all-items) as published by Statistics Canada.

The method used to calculate the guideline is set out in the Residential Rent Regulation.  The maximum permitted rent increase is determined as follows and expressed as a percentage, rounded to one decimal place:

Maximum permitted rent increase = 100 x (A-B)/B

In this formula,

A. is the average of the 12 monthly consumer price indexes for the 12-month  period ending on June 30 of the year immediately before the date the maximum permitted rent increase takes effect; and

B. is the average of the 12 monthly consumer price indexes for the 12-month period immediately before the period described in A.

For this purpose, the monthly consumer price index is the monthly consumer price index for Manitoba (All-items), as published by Statistics Canada under the authority of The Statistics Act (Canada).

NOTE: Despite the calculation determined above, the maximum permitted rent increase must be within the inflation-control target range that is adopted by the Bank of Canada, which is currently between one and three per cent.

All-items Consumer Price Index (Manitoba)

 B A Previous year2021/2022 Current year2022/2023 July 142.8 155.3 Aug. 143.2 154.6 Sept. 143.6 155.2 Oct. 144.6 156.7 Nov. 144.7 157.0 Dec. 144 155.5 Jan. 146.1 156.2 Feb. 147.4 156.9 Mar. 149.9 157.7 Apr. 151.1 159.4 May 153.8 159.1 June 155.3 158.5 12-month average 147.2 156.8

The actual calculation for the 2024 annual rent increase guideline is:

 2022/2023 average = 147.2 Guideline 2021/2022 average = 156.8 100 x (9.6) = 6.5% 147.2

Note:  As the percentage amount calculated is above the percentage amounts permitted by the Residential Rent Regulation, the annual rent increase guideline for 2024 is set at three per cent.

To see the Statistics Canada all-items consumer price index: