Why am I getting a rental increase?
Oh rental increases, the time of year that most tenants dread. Tenants want to know why is my rent being increased and where did they get this value increase from?
Every year the Quebec Rental Board releases the allowable percentage increases for leases within certain areas of the province. This means that your rental increase percent in Westmount may not be the same as your friend’s rental increase percent in the Plateau.
The increases also depend on whether the apartment includes heating, electricity or other utilities. There are cases where the landlord can go above this percentage, for example if they have done significant work in the building.
Generally speaking, your landlord is increasing your rent because their expenses have also gone up. Each year with inflation, rising city taxes and utility costs, buildings expenses are on the rise.