‘Impossible’ for Quebec to come up with proper rent hike formula, says Montreal lawyer

A Montreal lawyer argues that finding a suitable formula for rent hikes in Quebec is challenging. This complexity is due to diverse housing factors that affect rental markets. Rent increases need to account for building maintenance costs, inflation, and tenant affordability. The current formula is outdated, and the lawyer suggests that it does not reflect these realities. The situation is particularly acute in Montreal, with its unique market conditions. A call for a revised formula that balances landlords' and tenants' interests is suggested to ensure fairness in rent adjustments.