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2008 Recommended Rent Increases Announced

 
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Montreal Bits » News » Market Trends » 2008 Recommended Rent Increases Announced
Posted29/Jan/2008 00:06:00
AuthorGromco

The Quebec rental board has issued its recommended rent increases for 2008.

For unheated dwellings not affected by tax increases and/or major renovations, the recommended increase is 0.7% (which corresponds $70 on a $1,000-month apartment).

Rental increases for heated apartments are as follows:

  • Heated with electricity 0.8 %
  • Heated with gas 0.5 %
  • Heated with oil 1.3 %
Additional increase levels are given for units where taxes have increased and units which underwent major renovations and improvements. For more information, consult RENT ADJUSTMENTS IN 2008.

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