RENT INCREASE GUIDELINE SET FOR 2022 and 2023
The 2022 and 2023 rent increase guideline is zero per cent, effective January 1, of each year.
Tenants must be given proper written notice at least three months before a rent increase takes effect (ex. 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.
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 $1,570.00 or more per month as of December 31, 2021 and December 31, 2022;
- personal care homes;
- approved rehabilitated rental units;
- new buildings less than 20 years old where an occupancy permit was first issued or a unit was first occupied after March 7, 2005.
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 2022 and 2023 is zero percent. The economic adjustment factor helps to offset the costs of inflation.
For more information, contact the branch office nearest you or click on the links below:
