The Year 2023 - Not to be missed for rent increase rates

This will be the first year in a very long time that the rate granted by the Administrative Housing Tribunal (TAL) will be the highest!
The Bank of Canada’s timetable provides for a new possibility of adjusting the key interest rate on September 7. But no cut is in sight and the interest rate related to major works was at 3.45% as of July 20, 2022.

We are not talking about 15% as in the 1990s but with the method of rent setting that remains unchanged, it is very likely that the rate is about 4 to 5% according to the latest rates announced by the Bank of Canada, which has not been seen since 2009.

2022: 2.0%
2021: 2.3%
2020: 3.1%
2019: 2.7%
2018: 2.4%
2017: 2.4%
2016: 2.5%
2015: 2.9%
2014: 2.6%
2013: 2.6%
2012: 2.9%
2011: 3%
2010: 2.9%
2009: 4%
2008: 4.3%
2007: 4.2%
2006: 3.7%
2005: 3.9%

It is doubly important in 2023 that you take into account all your major work done in 2022.
Remember that the 2022 invoices can only be claimed in 2023, otherwise they are lost!

The Association des Propriétaires du Québec (APQ) will once again hold its APQ rent-setting clinic and help you make your increase calculations.
All details will follow.