Do you own a rental property in Manitoba? Familiarize yourself with the province’s new 2023 Rent Increase guidelines. Below, you’ll find all the key points and changes.
The Residential Tenancies Branch implemented a two-year rent freeze on all residential units, preventing landlords from increasing rent in 2023 to offset the costs of inflation. Rent for residential units remains at 2021 levels.
The freeze applies to:
The guideline is the maximum a landlord can increase most tenants’ rent during a year without approval of the Residential Tenancies Branch. This means most residential rents cannot go up by more than the rent increase guideline for every year. The landlord has to provide a tenant with at least 90 days proper written notice in order to implement a rent increase.
The rent for residential units can be increased 12 months after:
Landlords are able to apply for the Residential Tenancies Branch for a larger increase limit if they can demonstrate that the implemented guideline amount cannot cover the expense increases incurred.
The RTB takes the following factors into account when calculating the amount of rent increase above the guidelines:
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