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

Kootenay-Columbia incumbent MP responds to Trudeau brownface scandal

Stetski proud of NDP leader Singh’s reaction, which focused on people not power

Mystery illness killing Kootenay bees

Samples being sent to laboratories for analysis

Castlegar Rotary fundraiser to feature fashion and prizes

Tickets are still available for the September 26 event.

UPDATED: Man pleads guilty in Baker Street death

Miles Halverson is guilty of manslaughter in the death of Matt Reeder

Battle of the borshch at the Doukhobor Discovery Centre

Borshch cook-off and tasting at the Doukhobor museum in Castlegar.

VIDEO: Trudeau asks Canada to look to current, not past, actions on race

Liberal leader says he never spoke about the racist photo because he was embarrassed

Teens charged in stabbing death of B.C. man in strip mall parking lot

Two youths, aged 15 and 16, charged in Aug. 16 killing of South Surrey’s Paul Prestbakmo

B.C. Premier John Horgan worried about ‘rise of racism’

Asked to comment on Justin Trudeau’s ‘blackface’ incidents

Human case of West Nile virus reported on Vancouver Island

B.C. Centre for Disease Control confirmed case reported in August

Forestry watchdog warned B.C. government about Bamfield Road in 2008

Ombusman’s specific concerns re-surface in wake of bus crash that killed two students

Photos surface of Conservative candidate at B.C. event with people in blackface

The controversial “Black Peter” character has been a feature at Sinterklaas celebrations

B.C. Liberal leader says private sector development will help housing affordability

Andrew Wilkenson spoke in Kelowna during a real estate conference

Legislature gifts, clothing, travel need better control, B.C. auditor says

Audit follows suspensions of managers by Speaker Darryl Plecas

‘Really disturbing:’ Trudeau’s racist photos worry B.C. First Nation chief

Wet’suwet’en Chief concerned the photos will sow fear in Indigenous communities

Most Read