The Director of Residential Tenancy has set the Annual Allowable Rent Increase, effective January 1, 2026, at 2% on all rental units, heated or unheated, including mobile home sites.
On April 8, 2023, the Government of Prince Edward Island proclaimed the Residential Tenancy Act and the Residential Tenancy Act regulations. Under Subsection 49(3) of the Residential Tenancy Act, the Annual Allowable Rent Increase cannot exceed 3%.
The 2026 Annual Allowable Rent Increase is based on Subsection 49 (2) of the Residential Tenancy Act, which sets out the factors that the Director of Residential Tenancy must consider when establishing the annual allowable increase.
Click here to see the 2026 Annual Allowable Rent Increase News Release
Click here to see the 2026 Annual Allowable Rent Increase Decision
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