PEI Rent Increase Rules: The IRAC Allowable Increase
Prince Edward Island is rent-controlled: an independent regulator sets the maximum increase each year. Here's the 2026 figure, the notice you're owed, and what to do if a landlord asks for more.
The Annual Allowable Increase
PEI's Residential Tenancy Office (part of IRAC) sets a maximum allowable rent increase each year. For 2026 it's 2%, and by law the annual allowable increase can't exceed 3%. A landlord can't charge more without IRAC's approval.
Once a Year, With Three Months' Notice
Rent can be increased only once every 12 months, and the landlord must give at least three months' written notice on the proper form.
Above the Allowable Amount
A landlord who wants more than the allowable increase must apply to IRAC and justify it. You're notified and can object — don't pay above the allowable amount unless IRAC approves it.
If the Increase Is Wrong
If a landlord exceeds the allowable increase without approval, skips the notice, or increases more than once a year, it isn't valid. Object in writing, keep paying your lawful rent, and apply to IRAC.