Each year, the Residential Tenancies program will publish an Annual Allowable Rent Increase Amount, which landlords in land-lease communities must use in determining rent increases for their tenants.
The Annual Allowable Rent Increase Amount (AARIA) will be published on or before March 1st of each year, and is valid for rental increases with an effective date from January 1 to December 31 of the following year.
The Annual Allowable Rent Increase Amount between January 1, 2016 and December 31, 2016 is 1.5%.
The Annual Allowable Rent Increase Amount for the upcoming 2017 year, between January 1, 2017 and December 31, 2017, is 1.1%.
|NS CPI Index*||125.1||126.6||128.8||129.3|
|% change from previous year||2.0%||1.2%||1.7%||0.4%|
|*Nova Scotia Consumer Price Index, all-items index not seasonally adjusted|
The formula for calculating the AARIA is: (X + Y) ÷ 2.
If the annual average percentage change for the Consumer Price Index for a given year is a negative value, the percentage change that will be used to calculate the AARIA will be 0.0 % for that year.
* the Consumer Price Index means the all-items Consumer Price Index for Nova Scotia, not seasonally adjusted, published by Statistics Canada.
A landlord may give tenants in a land-lease community a rental increase that is anywhere between zero and the AARIA, using the Notice of Rent Increase form provided.
If a landlord wishes to give a rent increase that is higher than AARIA, the landlord must make an application to director using the guidelines in the Landlord's Guide to Residential Tenancies.