For the most part the TAL (formerly Régie du logement du Québec) stands to represent and protect the tenants in Quebec. However this year it seems as though landlords are not being completely trampled over. The average increase in rent ranges between 2.3% for units rented without heating/electricity included and all the way up to 7.3% for units that are rented with heating included (percentages vary depending on the type of heating). This is not counting any ameliorations to the building, or increase in municipal and school taxes which could see the rental increases range from as high as 4.5% to 9.5% depending on the heating scenario’s.
If we use a rental amount of $1,000, and go with the logic that your units municipal and school taxes did raise by the province wide average of 5%, and you did no work to your unit or building you can see your rental income for this unit go to $1,029$ per month (increase of 2.9%). I understand as a property owner that this does not account for the added expenses/increases you may get hit with throughout the year as a property owner, but we can argue that we have seen much lower and much less favourable for the property owner.
