Posts Tagged ‘bc landlords rent increase’

BC Landlords Can Raise the Rent 2.6 % in 2020

Wednesday, September 4th, 2019

How Much Can A Landlord in BC Raise the Rent Next Year?

British Columbia landlords can raise the rent by up to 2.6% in 2020.

How Does That Compare with 2019?

In 2019 the maximum allowable increase was 2.5%.

How is the Rent Increase Guideline Calculated?

The rate is based on inflation. Unlike in past years only the inflation rate is used.

How Does This Compare to Other Provinces?

In Ontario, landlords are faced with the 2020 rent increase being capped at 2.2%

How Do I Give My Tenants Notice I’m Going to Raise the Rent?

Rent increase documents are available from government Residential Tenancy Branch here

What Does the BCLA Recommend Landlords Due Regarding the Rent Increase Guideline for 2020?

We recommend BC landlords raise the rent the maximum amount of 2.6% in 2020.