Order LR20-21

IN THE MATTER of establishing the allowable percentage rent increase for 2021, 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 Tuesday, the 1st day of September, 2020.

J. Scott MacKenzie, Q.C., Chair
Douglas Clow, Vice-Chair
Erin Mitchell, 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 2021;

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 representations received pursuant to subsection 23(2) of the Act, the vacancy rates for the province, the economic outlook for the province, and changes to the Consumer Price Index;

AND WHEREAS the Commission has determined the following maximum allowable rent increases to be justified for the period January 1, 2021 to December 31, 2021;

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

IT IS ORDERED THAT

1.  The allowable percentage rent increase for the period January 1, 2021 to December 31, 2021, for all heated premises, unheated premises, and mobile home sites located in a mobile home park shall be one (1.0) percent.

DATED at Charlottetown, Prince Edward Island, this 1st day of September, 2020.

BY THE COMMISSION:

J. Scott MacKenzie, Q.C., Chair

 Douglas Clow, Vice-Chair

Erin Mitchell, Commissioner

Summary Report and Analysis: Allowable Percentage Rent Increase for 2021