Calculator - New Rent Increase Framework

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This Standardized Rent Adjustment Calculator (greater than allowable rent increase applications only) is based on the model used in Quebec to calculate rent increases. It is meant to be a simple online tool that is standard and transparent. It uses readily available, verifiable values (aligned where possible with tax reporting) to reduce subjectivity. It is based on a cost‑recovery model that uses standardized percentages derived from CPI components and financial benchmarks. Note that it does NOT allow mortgage interest and other financing costs. Proposed provisions in the RTA will require publication of methodology and annual inputs. RTA Regulations will define the technical formulas.

PEI RTA – Above‑Guideline Rent Increase Calculator (s.50)

For continuing tenancies. Financing costs are excluded. Limitation on increase annual cap applies to implementation.

Decision Parameters Decision Year

Regulated Annual Rate (GIC+1%): –% | Guideline (s.49): –%

Number of units in building Current lawful rent per unit ($/month) (for s.50(7) phase‑in planning)

Operating Costs – Prior Year Actuals

Electricity ($) × –% Natural gas ($) × –% Fuel oil & other fuels ($) × –% Maintenance & repairs ($) × –% Building services ($) × –% Insurance (property) ($) × –% Property taxes – annual change ($) direct pass‑through Gross rental income (prior year) ($) mgmt cap ≤ 5% of gross Management fee – actual paid (prior year) ($) × –%

Capital Expenditures (CapEx)

Monthly impact = (Regulated Annual Rate × amount) ÷ 12.

Calculator – New Rent Increase Framework

PEI RTA – Above‑Guideline Rent Increase Calculator (s.50)

Results

PEI RTA – Above‑Guideline Rent Increase Calculator (s.50)

Results

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