Residential tenants and
landlords, and the general public are being asked to provide
written comments on what the maximum allowable rent increase
should be for 2020.
The Island Regulatory and
responsible for setting the allowable rent increase for the coming
year. Rent increases are governed by the
Rental of Residential
Property Act which states that rent can only be increased once
a year and must not exceed the allowable amount set each year by
To determine the allowable increase, the Commission considers comments
from the public, average rents, minimum wage, the cost of
electricity, heat, water, insurance, property taxes and other
costs. It also uses the Consumer Price Index and statistical data
compiled by the Department of Finance.
Previous allowable rent increases and the
2019 Summary Report and Analysis can be found on the Commission's
website at irac.pe.ca/rental.
Written comments must be received by Friday, July 26, 2019 and can be
delivered, mailed or emailed to:
Director of Residential Rental Property
5th Floor, National Bank Tower
134 Kent St., P.O. Box 577
Charlottetown, PEI, C1A 7L1