Prince Edward Island (PEI) Rent Increase Calculator for Landlords and Tenants
Want More From Your Rent Increase Calculator?
Do You Know If You Are Overpaying or Underpaying Rent?
When a landlord implements an above guideline increase, they will adjust the rent so you are paying the maximum amount, with the increase. This is especially true regardless of whether the AGI increase has be approved or not. It is up to you to figure out whether you are overpaying or underpaying rent. This calculator will take away the guess work!
Track Historical Data of Rent Payments
With this calculator, you can track historic rent increases and approvals. This allows you to use the most accurate rent amount for your rent increase calculations. Remember, the rent increase percentage should only be applied to the previously approved rent increase amount.
Pay Only What You’re Supposed To Pay
Get clear insight on what you are supposed to pay for rent. Check if what you paid for the year matches what you were charged by the landlord.
What are the guidelines for rent increases in PEI?
Find clear answers to your Ontario rent increase questions to understand your rights and obligations with ease.
How often can a landlord raise the rent?
In Ontario, rent increases are generally allowed once every 12 months under provincial rules.
What is the current rent increase guideline percentage?
The guideline for this year is set by the Ontario government and can be checked in our historical table below.
Can rent be increased above the guideline?
Yes, landlords may apply for approval to increase rent above the guideline for certain reasons, such as major renovations.
How do I use the rent increase calculator?
Simply enter your current rent and the year to see the maximum allowable increase based on Ontario rules.