Home

·Forms

·Interest Rates on
Security Deposits

·Allowable Rent
Increases

·Appeals

·IRAC
 

Printer-Friendly Version

Sunday, September 25, 2016      

  Allowable Rent Increases, Office of the Director of Residential Rental Property, Prince Edward Island


Allowable Rent Increases

Allowable rent increases are governed by the Rental of Residential Property Act.  Subsections 23(1) to 23(4) of the Act read as follows:

Permitted increase 23. (1)  Except as provided in subsection (3) and notwithstanding the terms of any rental agreement, the amount of any rent increase between January 1 and December 31 of any year shall not exceed the percentage amount which is established by an order of the Commission and published in the Gazette.
Representations (2)  The Director shall invite written representations from lessors and lessees to assist in establishing the annual prescribed percentage rent increase.
Application for additional increase (3)  Where the lessor seeks a rent increase greater than the amount permitted by subsection (1), the lessor shall apply to the Director for approval of the proposed increase not later than ten days after notifying the lessee.
Application for review by lessee (4)  Where the lessor seeks a rent increase equal to or less than the percentage amount permitted by subsection (1), the lessee may apply to the Director, not later than ten days after being served with the notice of rent increase, to have the Director review the rent increase being sought.

Allowable rent increases approved by the
Island Regulatory and Appeals Commission
pursuant to Subsection 23(1).

Year Allowable
Rent Increase
2017

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 1.50%
1.50%
1.50%
2016

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 0.00%
0.00%
0.00%
2015

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 1.75%
1.00%
1.00%
2014

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 2.00%
1.00%
1.00%
2013

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 5.00%
3.00%
1.50%
2012

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 3.20%
2.00%
1.00%
2011

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 2.00%
1.00%
1.00%
2010

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 2.00%
2.00%
2.00%
2009

Heated premises:
Unheated premises:
Mobile home site only in a mobile home park:

 5.00%
3.00%
3.00%
2008

Heated and unheated premises:
Mobile home site only in a mobile home park:

 1.00%
0.00%
2007

Heated and unheated premises:
Mobile home site only in a mobile home park:

 3.00%
1.00%
2006

Unheated Premises:
Heated Premises:

 3.5%
7.5%
2005 - 2.00%
2004 - 2.00%
2003 - 3.00%
2002 - 2.25%
2001

Unheated Premises:
Heated Premises:

1.25%
3.75%
2000 - 1.50%
1999 - 1.00%
1998 - 1.50%
1997 - 1.50%
1996 - 2.00%
1995 - 0.00%
1994 - 2.50%
1993 - 1.00%
1992 - 3.00%
1991 - 4.50%
1990 - 4.00%
1989 - 4.00%

The Order of the Commission approving the 2017 allowable increase
can be accessed here. 

The Order of the Commission approving the 2016 allowable increase
can be accessed here. 

Page Last Reviewed or Updated: 2016-09-23