QUOTE (kanabel @ Feb 11 2010, 10:48 PM) Tell us please about rent controls or other possible problems in the city. I`ve been eying Winnipeg for quite some time, and there`s been lots of mention about that city among REIN members recently.
Thanks
Dejan
Areas to avoid completely - 4A, 4B, 5A, 5D in the downtown, and parts of 3A. 4C, 5B, and 5C are a bit better and are generally classified as working class neighbourhoods. Anything beyond those areas are fine.
As for rent controls, A landlord can usually increase rent on a rental unit only once every twelve months. However, there are two exceptions:
When a new tenant moves into a residential complex with three units or less, the landlord can increase the rent as long as they give the tenant a Notice to New Tenant form. The landlord may decide the amount of the rent increase. (regulations are currently being changed to remove the ability of landlords to set rents for threeplexes and under).
When a complex has four or more units, the landlord can also increase a new tenant’s rent as long as they give the tenant a Notice to New Tenant form. The new rent can’t be more than the average of the rents charged for similar or comparable units in the residential complex.
There are a couple of renovation schemes that will exempt you from rent control for a certain period of time.
There are some exceptions to the guideline. These are:
premises renting for $1,105.00 or more per month as of Dec. 31, 2009;
personal care homes;
approved rehabilitated rental units;
new buildings less than 15 years old where an occupancy permit was first issued or a unit was first occupied after April 9, 2001; and
new buildings less than 20 years old where an occupancy permit was first issued or a unit was first occupied after March 7, 2005.
http://www.gov.mb.ca/finance/cca/rtb/index.html