P.E.I. landlords allowed 1.5% rent increase for 2018
Kevin Yarr | CBC News | Posted: September 21, 2017 10:18 AM | Last Updated: September 21, 2017
Allowable increase matches rate set for unheated premises in 2017
The Island Regulatory and Appeals Commission has released this year's allowable rental increases.
As of Jan. 1, the rent for unheated premises and mobile home site rentals can increase 1.5 per cent. Heated premises rents can increase 1.75 per cent.
The allowable rent increase in 2017 was 1.5 per cent for both heated and unheated premises. No increases were allowed in 2016.
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