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.

Just Posted

Pacific Western Brewing planting more than 70,000 seedlings between Prince George and Quesnel

Cariboo Cares reforestation program also planted thousands of seedlings near 70 Mile House last year

Column: Do log experts take away jobs in BC?

Columnist Jim Hilton argues the local forestry industry needs better residue management strategies

Funds still available in North Cariboo through Wildfire Business Transition Program

Community Futures North Cariboo hopes local businesses will take advantage of the opportunity

Quesnel and District Community Arts Council will celebrate 45th anniversary during Culture Days

Several activities and events are planned for Sept. 27-29, including second Indigenous Artist Show

Public invited to learn more about pasture rejuvenation trials south of Quesnel

A pasture walk with B.C. Forage Council will take place Sept. 18 at Australian Ranch

VIDEO: Liberals make child care pledge, Greens unveil platform on Day 6 of campaign

Green party leader Elizabeth May unveils her party’s platform in Toronto

Canucks sign Brock Boeser to three-year, US$17.6-million deal

Young sniper will be in Vancouver Tuesday

B.C. forest industry looks to a high-technology future

Restructuring similar to Europe 15 years ago, executive says

RCMP conclude investigation into 2017 Elephant Hill wildfire

Files have been turned over to BC Prosecution Service

B.C. wants to be part of global resolution in opioid company bankruptcy claim

Government says settlement must include Canadian claims for devastation created by overdose crisis

B.C. ends ‘birth alerts’ in child welfare cases

‘Social service workers will no longer share information about expectant parents without consent’

U.S. student, killed in Bamfield bus crash, remembered as ‘kind, intelligent, talented’

John Geerdes, 18, was one of two UVic students killed in the crash on Friday night

Free Tesla 3 offered with purchase of Surrey townhome

Century Group’s offer for Viridian development runs through Oct. 31

B.C. communities urged to improve access for disabled people

One in four B.C. residents has disability, most want to work

Most Read