Rent costs for some Manitobans will increase next year.
The 2020 rent guideline is set to rise 2.4% on January 1st.
The annual guideline, which is advised by the Residential Tenancies Branch, is applied to most rental properties including apartments, houses, and duplexes.
However it doesn’t apply to:
- rental units renting for $1,545 or more per month as of Dec. 31, 2019;
- personal care homes;
- non-profit housing with subsidized rent;
- approved rehabilitated rental units; and
- new buildings that are less than 15 years old, where an occupancy permit was first issued or a unit first occupied after April 9, 2001, or;
- buildings that are less than 20 years old, where an occupancy permit was first issued or a unit first occupied after March 7, 2005.
Landlords can apply for an increase higher than the guideline if they feel the increase doesn't cover any extra costs they’ve incurred.
Landlords must also provide tenants with written notice three months before any possible rent hike.