Quebec Rent Increases Just Changed: The 2026 Calculation, CPI, CapEx, and How to Avoid Costly Mistakes

Rent increases in Quebec just got a major overhaul for the first time in decades, and this renewal season is the first real test. In this episode, Axel Monsaingeon sits down with Cory Friedman to break down what changed, what stayed the same, and where landlords and operators can get burned if their bookkeeping is not airtight. You will learn how the new framework uses a three year rolling CPI average, how capital expenses can now play a bigger role in allowable increases, and why taxes and insurance only help you when they rise faster than CPI. Cory also explains the real world problem behind the reform, the TAL backlog, and why today's leasing market makes renewals more strategic than ever. If you manage multifamily in Quebec, this is the renewal playbook to stay compliant, protect cash flow, and avoid expensive turnover. Topics & Timestamps 📌 Why Quebec changed rent increase rules after 40+ years (00:01:55) 🧾 How the old rent increase calculation worked (00:05:31) 📉 The new CPI based approach and why it smooths volatility (00:06:27) 🏗️ CapEx now counts differently and why it matters for older buildings (00:07:21) 🧮 The unit by unit math that makes this harder at scale (00:09:38) 📚 Bookkeeping and unit costing: the hidden advantage in renewal season (00:11:09) 🧾 Taxes and insurance: when they actually increase your allowable rent hike (00:12:41) 📊 Where rent increase trends go from here and what macro forces matter more (00:14:11) 🏢 New construction reality: retention issues, promo hoppers, and vacancy pressure (00:18:48) 🛠️ Ops vs accounting: why renewals break when systems are disconnected (00:24:40) 🚀 Building Compass and scaling a Canadian property management platform (00:24:14) 🔗 Connect with Cory Friedman 💼 LinkedIn: 🏢 Kompas: 👤 Follow Axel Monsaingeon 💼 LinkedIn: 📸 Instagram: 🌐 Explore more resources 📊 Market guides, data, and advertising opportunities:

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Quebec Rent Increases Just Changed: The 2026 Calculation, CPI, CapEx, and How to Avoid Costly Mistakes is an episode from The Very Real Estate Effect Investing in Quebec by Axel Monsaingeon.

This episode is 29:45 long.

This episode was published on Feb 20, 2026.

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