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.

Just Posted

Mathieu Caron leads Chilliwack Chiefs to shutout win over Wenatchee Wild

Chilliwack’s netminder stopped 29 pucks Saturday night in a BCHL Showcase game at Prospera Centre.

Chilliwack Chiefs erase three goal deficit in overtime win

Down 3-0 to the Cowichan Capitals, the Chiefs came back to win 4-3 in the BCHL Showcase match.

Chilliwack man feeling helpless about puppy stolen while at church

Evidence of neighbour trespassing and accusing him of dog neglect not enough for RCMP

UPDATE: Missing Chilliwack man has been found

Chilliwack RCMP is thanking the public for keeping an eye out

UPDATED: Chilliwack councillor’s expenses being sent to the RCMP

Decision to have expenses audited and shared with RCMP taken at special meeting of council

VIDEO: Foster and adopted children claimed and named

Traditional ceremony welcomes children into community

Whitecaps see playoff dreams fade after 2-1 loss to FC Dallas

Goal in 87th minute seals Vancouver’s fate

Porsche impounded for going 138 km/hr in 90 zone during charity rally

West Vancouver Police said wet roads and heavy rain made it extra dangerous

B.C. students send books to displaced students of Hornby Island school fire

Maple Ridge elementary school teacher says students learned about acts of kindness

Phase 2 of $1.35B Royal Columbian upgrades won’t be a public-private partnership

B.C. Health Minister Adrian Dix says it will be a design-build

Trump drains oxygen from Trudeau foreign policy with PM, Freeland bound for UN

A lot has changed since the Liberals came to power in Canada in 2015

B.C. man fined $15,000, barred from trading securities for fraud

Larry Keith Davis used money from an investor to pay personal bills

Emergency crews investigate small sulphuric acid spill in Kootenays

IRM states a small volume of less than one cup and three dime-sized drips were leaked from carrier

Most Read