Rent Cap in effect Today

Just a reminder, the rent cap is officially in effect Today, Feb 1st, 2025. Your landlord CANNOT increase Rent by more than 3% (up to 9% for “justified capital expenditures for renovations of units. Landlords must provide supporting evidence when applying, and the Residential Tenancies Officer will assess and make decisions on these applications.”). Also, it is retroactive, so, if you received a notice of increase on or after September 1st, 2024, this applies to you as well. If you have any questions, feel free to leave a comment. I’ll do my best to answer them.