Rent control: What tenants should know as rental prices surge across Canada

Despite the differences in tenancy regulations, there’s a common theme: Canadians across the country have seen a jump in the year-over-year average rent.

Last month, the national average rent https://globalnews.ca/news/9424677/rent-prices-canada-january-2023/ rose by more than 12 per cent to $2,005 compared with December 2021, according to Rentals.ca’s January 2023 Rent Report. https://rentals.ca/national-rent-report That was the second straight month that the average monthly rent exceeded $2,000 in Canada, which is facing a housing crunch with a shortage of both homes and construction workers to build new units.

Among the ranked cities, Kitchener, Ont., Halifax and London, Ont. saw the biggest year-over-year jump of over 30 per cent in the average rent for apartment and condo listings last month, according to the report.

The cities that saw the lowest rent hikes were Gatineau, Que., which posted an increase of 5.3 per cent for December 2022, while Montreal saw a 6.6 per cent rise.

Meanwhile in Alberta https://www.alberta.ca/during-a-tenancy.aspx#jumplinks-4, there is no rent control — meaning the province has not set a limit on the amount by which a landlord may be able to increase the rent after one year. |Read more https://globalnews.ca/news/9438796/rent-increase-tenant-rights-canada/?utm_source=NewsletterNational&utm_medium=Email&utm_campaign=2023|
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