Rent increases in B.C. are controlled based on the inflation rate for the previous year. (Black Press files)

B.C. rent increases to be held to 2.6% for next year

Second year for annual increases to be held to inflation rate

Annual rent increases in B.C. will be capped at 2.6 per cent for 2020, up from 2.5 per cent this year based on the B.C. government’s formula.

The province changed the formula last year, removing an additional two per cent above the annual inflation rate that was in place since 2004. The rent cap is based on the average 12-month increase in B.C.’s Consumer Price Index, as measured up to July and set in September.

Landlords now have to apply to the Residential Tenancy Branch for rent increases greater than the cap, based on the cost of significant repairs or renovations that were not anticipated, or financial loss from an “extraordinary increase in operating expenses of the residential property,” according to B.C.’s residential policy guideline.

RELATED: New home cost dips in B.C. urban centres

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 legislature

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Métis citizenship questions can be answered at open house in Chilliwack

Chilliwack Métis Association to host open house and Genealogy Day Workshop on Saturday, February 22

Sabah Fadai leads mixed martial arts resurrection in Chilliwack

Long considered an outlaw sport with a wild west mentality, MMA is gaining legitimacy.

Keeping kids busy with spring break camps and events in Chilliwack

Here’s a handy list of events and classes for kids being offered in Chilliwack March 16 to 27

Local developer’s Abbotsford homes shortlisted for two national housing awards

Algra Bros. won in 2014 for Garrison Crossing brownstones in Chilliwack

VIDEO: Body discovered in aftermath of Hope apartment fire

RCMP can’t confirm cause of death yet, but have ruled out foul play

Pipeline dispute: Tories put no-confidence motion on House of Commons agenda

Conservatives say they have no confidence in the Trudeau government to end the rail blockades

B.C.’s soda drink tax will help kids lose weight, improve health, says doctor

Dr. Tom Warshawski says studies show sugary drinks contribute to obesity

A&W employees in Ladysmith get all-inclusive vacation for 10 years of service

Kelly Frenchy, Katherine Aleck, and Muriel Jack are headed on all-expenses-paid vacations

B.C. mom’s complaint about ‘R word’ in children’s ministry email sparks review

In 2020, the ‘R’ word shouldn’t be used, Sue Robins says

B.C., federal ministers plead for meeting Wet’suwet’en dissidents

Scott Fraser, Carolyn Bennett says they can be in Smithers Thursday

UPDATE: TransLink gets injunction ahead of pipeline, Indigenous rights protest

The protest rally is in opposition to the Coastal GasLink and Trans Mountain pipeline projects

Province shows no interest in proposed highway between Alberta and B.C.

Province says it will instead focus on expanding the Kicking Horse Canyon to four lanes

Mysterious bang booms over Sumas Mountain once again

Police unsure of source, quarry companies say, ‘not us’

First case of COVID-19 in B.C. has fully recovered, health officer says

Three other cases are symptom-free and expected to test negative soon

Most Read