The 2008
rent increase guideline is 1.4 per cent. The guideline applies to most private
residential rental accommodation covered by the Residential Tenancies Act.
The guideline is the maximum amount that a
Landlord can increase the rent without obtaining the approval of the
Landlord and Tenant Board.
The guideline does not apply to:
Vacant residential units
Residential units first occupied on or
after November 1, 1991
Social housing units
Nursing homes
Commercial property.
In most cases, the rent for a unit can be
increased if at least 12 months have passed since the last rent increase
or since a tenant first moved in.
The tenant must be given proper written notice of
a rent increase at least 90 days before the rent increase takes effect.
A Landlord who wishes to increase the rent by
an amount higher than the guideline must apply to the Landlord and Tenant
Board.
Calculation of the Rent Increase Guideline
Under the new Residential Tenancies Act, the
2008 guideline is calculated
based upon the Ontario Consumer Price Index.
Rent increases in British Columbia.
The allowable rent increase in
B.C. for 2008 is 3.7 per cent.
For a manufactured home park
the allowable increase is 3.7 per cent plus a proportional amount. For a
definition of the proportional amount and for more information please see the
Rent Increase Formula for Manufactured Home Parks fact sheet.
Forms required for rent increases are available at: