B.C. rent increase can’t go over 4.5% next year

Provincial formula based on inflation plus 2% increase

Rent increases are regulated by a cost of living formula in B.C. (Black Press files)

Renters in B.C. may see increases of up to 4.5 per cent in 2019, based on the province’s formula for regulating rental rates.

B.C. legislation restricts landlords to one increase in a calendar year, capped at the consumer price index for the year plus two per cent. For 2019 the index is projected to be 2.5 per cent, the municipal affairs and housing ministry announced Friday.

RELATED: B.C. plugs short-term lease loophole

For people renting in manufactured home parks, the maximum increase is the same, plus a proportional amount for increases in local government charges and utility fees.

Landlords must provide three months notice for rent increases. Assistance in dealing with disputes over rent, landlord access, inspections and other issues is available through the B.C. Residential Tenancy Branch.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislaturerental market

Just Posted

Campbell River fruit tree project carries on despite pandemic

More volunteers wanted for Greenways’ gleaning initiative

The Homolco people find a home

North Island First Nation purchases building at remote camp near Bute Inlet

Rare white orca spotted hunting off shores of Alaska for first time

Tl’uk seems healthy and strong, says researcher

Editorial: Mask wearing advice has turned into polarizing war

Somehow, this innocuous recommendation has become a polarizing war for some.

Victoria man charged in stabbing death of Vancouver overdose prevention worker

Maximus Roland Hayes, 23, is facing one count of manslaughter in connection to the killing

‘Don’t kill my mom’: Ryan Reynolds calls on young British Columbians to be COVID-smart

‘Deadpool’ celebrity responds to premier’s call for social influence support

Campbell River softball player takes game to Division 1 university

Saje Kurpiela to pitch for University of Maryland Eastern Shore Hawks

Nanaimo Art Gallery summer campers explore private, public spaces in new show

Dazzle Camouflage participants to unveil painting and video projects online next week

Captain Horvat’s OT marker lifts Canucks to 4-3 win over Blues

Vancouver takes 2-0 lead in best-of-7 NHL playoff series with St. Louis

Widow of slain Red Deer doctor thanks community for support ahead of vigil

Fellow doctors, members of the public will gather for a physically-distanced vigil in central Alberta

Devil’s Hand Poker Run in Campbell River to face RCMP scrutiny

The Campbell River RCMP will be keeping a close eye on the… Continue reading

Racist stickers at Keremeos pub leaves group uneasy and angry

The ‘OK’ hand gesture is a known hate-symbol

VIDEO: World responds to B.C. girl after pandemic cancels birthday party

Dozens of cards and numerous packages were delivered to six-year-old Charlie Manning

Most Read