Order LR15-028

IN THE MATTER of establishing the allowable percentage rent increase for 2016, 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 18th day of September, 2015.

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

---

Order

---

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 2016;

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 forecasts for 2006 to 2015, previous allowed rent increases;

AND WHEREAS the Commission recognizes that the nominal year over year change in overall Consumer Price Index;

AND WHEREAS the Commission has concluded a single rate is appropriate for heated residential rental premises, unheated residential rental premises and for the rent of a mobile home site in a mobile home park;

AND WHEREAS having taken into consideration the foregoing factors, calculations, 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 2016 for heated premises shall be zero 0.00 percent.

 2.  The allowable percentage increase for 2016 for unheated premises shall be zero 0.0 percent.

3.  The allowable percentage rent increase for 2016 for a mobile home site only in a mobile home park shall be zero 0.0 percent.

DATED at Charlottetown, Prince Edward Island, this 18th day of September, 2015.

BY THE COMMISSION:

J. Scott MacKenzie, Q.C., Chair

 Douglas Clow, Vice-Chair

John Broderick, Commissioner

Click here for Summary Report & Analysis Allowable Percentage Rent Increase for 2016