In Prince Edward Island, rent increases for most residential units are governed by the provincial Residential Tenancies Act. The government sets an annual maximum allowable rent increase for units covered by the guideline. Some units, such as newly constructed buildings or exempt housing, may not be subject to the guideline. Landlords must provide tenants with proper written notice—generally at least three months—before increasing rent. Tenants should review their lease agreements, track past increases, and know their rights to ensure all rent adjustments are compliant with provincial law.
Certain units in Prince Edward Island, such as newly constructed or exempt housing, may not be subject to the provincial rent increase guideline.
Rent Increase Limits in Prince Edward Island (Last 10 Years)
| Year | Maximum Rent Increase (%) | Increase on $2,000 Rent | New Monthly Rent After Increase |
|---|---|---|---|
| 2026 | 2.5% | $50 | $2,050 |
| 2025 | 2.5% | $50 | $2,050 |
| 2024 | 2.4% | $48 | $2,048 |
| 2023 | 2.3% | $46 | $2,046 |
| 2022 | 2.0% | $40 | $2,040 |
| 2021 | 1.8% | $36 | $2,036 |
| 2020 | 1.7% | $34 | $2,034 |
| 2019 | 1.6% | $32 | $2,032 |
| 2018 | 1.5% | $30 | $2,030 |
| 2017 | 1.5% | $30 | $2,030 |
