Order LR16-14

IN THE MATTER of establishing the allowable percentage rent increase for 2017, pursuant to subsection 23(1) of the Rental of Residential Property Act, R.S.P.E.I. 1988, Cap. R-13.1.

BEFORE THE COMMISSION

on Friday, the 23rd day of September, 2016.

J. Scott MacKenzie, Q.C., Chair
Douglas Clow, Vice-Chair
John Broderick, Commissioner

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Order

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WHEREAS pursuant to the provisions of subsection 23(1) of the Rental of Residential Property Act, the Commission is required to establish the allowable percentage of rent increase for 2017;

AND WHEREAS pursuant to the provisions of subsection 23(2) of the Act, the Director of Residential Rental Property placed a notice in the printed media inviting written representations from lessors and lessees to assist in establishing the annual prescribed percentage rent increase;

AND WHEREAS in setting the prescribed percentage rent increase the Commission has considered the following: representations received pursuant to subsection 23(2) of the Act, the vacancy rates for the province, a review of the economic outlook for the province, a review of the Consumer Price Index;

AND WHEREAS having taken into consideration the foregoing factors, submissions and projections the Commission has determined the following maximum allowable rent increases to be justified;

NOW THEREFORE, pursuant to the Rental of Residential Property Act:

IT IS ORDERED THAT

1.  The allowable percentage rent increase for 2017 for heated premises shall be one and a half (1.5) percent.

 2.  The allowable percentage increase for 2017 for unheated premises shall be one and a half (1.5) percent.

3.  The allowable percentage rent increase for 2017 for a mobile home site only in a mobile home park shall be one and a half (1.5) percent.

DATED at Charlottetown, Prince Edward Island, this 23rd day of September, 2016.

BY THE COMMISSION:

J. Scott MacKenzie, Q.C., Chair

 Douglas Clow, Vice-Chair

John Broderick, Commissioner

Summary Report and Analysis: Allowable Percentage Rent Increase for 2017