Rent increases are the result of increasing costs involved with operating a building.
The Manitoba Government allows for a rent increase to happen once every 12 months. Tenants must be given three months prior written notice of a rent increase.
The amount of the increase is approved by the Residential Tenancies Branch (RTB). Each year, the RTB will set a rent increase guideline amount, tied to the consumer price index as published by Statistics Canada.
In the event that a building’s operating costs exceed the guideline amount the landlord may apply for an above the guideline increase.
