Manitoba Cuts Landlords’ Capital Cost Recovery By 40%
Manitoba is tightening the rules on how apartment owners recover renovation costs through rent increases, potentially making upgrades to older rental buildings less attractive.
The province says it will reduce, by 40%, the capital expenses landlords can pass on to tenants through above-guideline rent increases. Those applications allow owners to seek higher rents for qualifying repairs and improvements.
Another change took effect immediately: tenants no longer have to pay proposed increases while the Residential Tenancies Branch considers an application.
“We’ve been hearing stories from Manitobans who are being asked to pay huge rent increases,” said Public Service Delivery Minister Mintu Sandhu.
The announcement follows disputes over substantial proposed rent hikes at Winnipeg apartment buildings.
At an Oct. 2 legislative hearing, Winnipeg apartment owner Michael Choiselat warned that reducing eligible capital expenses would leave landlords “materially disincentivized from improving their properties.”
Ontario’s legislature defeated a similar bill in March that would have tightened above-guideline rent increase rules by requiring additional documentation and excluding certain expenses.
Manitoba’s changes come ahead of a January expansion of rent control to units below $2,000 a month, up from $1,670. For multifamily investors, the combination could affect renovation budgets, acquisition pricing and capital cost recovery.
Other News
Shrinking Construction Pipelines Could Extend CRE Rent-Growth Runway
When determining commercial real estate strategies, many investors focus on demand. However, Marcus & Millichap’s October 2026 Construction Outlook research brief said that demand tells only half the story. Long-term supply trends also affect vacancy and rent growth, so supply outlooks should play a prominent role in CRE planning. Construction tends to lag market conditions,...
Learn more
Senior Housing Occupancy Hits 90.4% as Supply Gap Widens
Senior housing has moved from a healthcare real estate niche to a sector that warrants close watch, according to a recent Northmarq guide for potential investors. Understanding the Numbers The National Investment Center for Seniors Housing & Care (NIC) said that occupancy across 31 primary markets in Q3 2026 reached 90.4%, marking the 21st consecutive...
Learn more
Centurion Sells 143-Unit Winnipeg Rental Property In Portfolio Shift
Centurion has sold a 143-unit apartment building in Winnipeg as it shifts its focus to markets where it has a larger presence. The Toronto-based company announced the sale of Urban Square at 230 Good St. on Wednesday. The property was constructed by Ironclad Developments in 2021 and acquired by Centurion that October. Urban Square was...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout