Quote:
Originally Posted by opendoor
Weird, I never knew Alberta didn't have any kind of rent control. In BC (and other provinces) there are limits about how much you can raise a tenant's rent even if on a fixed term lease. There's little to no enforcement if you raise it when switching from one tenant to another, but I just had to give 3 months notice to raise the rent the maximum of 2% on a current tenant.
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I thought it was 4%? Might be 2% though.
I had a one bedroom in English Bay and I started at $850, after about 7 years I was paying $930... Rent control is awesome.
I didn't know about the notice, granted, I didn't really pay attention... I was just happy paying, at the time, about $200 a month below market.