Landlords throughout the Province of Manitoba eagerly await September for the Province to announce increase guidelines for the following year and this year is no different.
Effective January 1, 2014 the annual rent increase guideline has been set for 2.0% up from previous years of 1-1.5%.
Of course there are several exceptions to this guideline among which are units renting over $ 1395.00 per month as of December 31,2013, buildings less than 15 years old, approved rehabilited units and more.
The Province also announced the economic adjustment factor for 2014 will be 1.1% which helps to offset the costs of inflation.
Need help in understanding how signifigant these amounts are? Want advice on how to make your investments flourish despite the seemingly tight guidelines?
Winnipeg investors we are here to help! Revenue properties in Winnipeg continue to be a fantastic tool in developing a retirement plan and passive income. "Landlords make money while they are sleeping". Call us today to register for an absolutely free, no obligation investment seminar at 204-987-2100.
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