landlords are allowed to increase rents only once a year and must give tenants notice of three months about their annual rent increase. government determines the allowable increase to be significantly under the rate of inflation, it still will most likely represent a large increase for renters compared to the past five years. NDP previously capped rent rises to inflation by eliminating an automatic two per cent rent increase on top of inflation. Balancing actRankin said his government realizes residents are seeing some of the highest levels of inflation in decades, and finding an appropriate rent increase for 2023 is a balancing act. "As many renters are barely hanging on and cannot afford a change in their rent at current rates of inflation, we will be capping the annual allowable rent increase for 2023 below the rate of inflation," he said.

Source: CBC News August 20, 2022 19:27 UTC