British Columbia Landlords – The 2016 Rent Increase Guideline is 2.9%
Are you going to raise the rent in 2016? As costs rise many BC landlords are going to raise the rent and want to know how much they can raise rents in 2016.
British Columbia landlords can raise the rent only one annually. Furthermore the rents can only be raised by amount allowed by provincial law. Landlords also must provide their tenants with at least three months notice and use the property forms. The rent increase is a percentage equal to the rate of inflation plus 2%. For more information see the province website here: Rent Increases.
Tags: B.C. landlords, British Columbia landlords, rent increase, residential tenancies branch
