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

Sunfield Energy Inc. provides info on proposed solar project near McLeese Lake

Sunfield wants to determine if a utility-scale solar project west McLeese Lake is potentially viable

Quesnel students connect with others through Global Read Aloud

Students use technology such as Skype and Google Docs to connect with other classes

Quesnel boxers bring the heat in Vancouver

Three locals boxers show what they’re made of in southern bout

Quesnel residents voice opinions on secondary suites at public hearing

Council’s third reading of the Official Community Plan Bylaw and Zoning Bylaw will take place Dec. 17

RCMP warn drivers who fail to stop for school buses

Quesnel RCMP release image of near-miss involving vehicle and students attempting to cross the road

Fashion Fridays: Ethical and sustainable gifts for the season

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

$578: that’s how much your first distracted driving ticket will cost with recent premium hikes

Over 50 per cent of Canadians admitted to using phone while driving last year, according to study

Kelowna man attempts to steal bait bike from RCMP parking lot

38-year-old Brian Richard Harbison is facing several charges

‘Things haven’t changed enough:’ Ecole Polytechnique anniversary prompts reflection

Fourteen women were fatally shot by a gunman at the Montreal school on Dec. 6, 1989

Bear raids freezer, gorges on Island family’s Christmas baking

Hungry bruin virtually ignored meat and fish, focused, instead, on the sweets

B.C. pharmaceutical company’s stocks double in value after successful lupus drug trial

More than 40 per cent of patients using voclosporin saw improvements in kidney function

Second warning on romaine lettuce from California region as another E. coli case reported

Two cases of E. coli have been reported in relation to the illness in the U.S.

Residents in B.C. city could face 133% tax hike in ‘worst case’ lawsuit outcome: report

An average home could see a tax increase of $2,164 in one year

B.C. Transit finds 28 used fareboxes online, saves $300,000

‘Someone joked maybe we can buy used fareboxes on eBay,’ CEO says

Most Read