BC Landlords Can Raise the Rent 2.5% In 2019 (Not 4.5%)

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BCLA
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Joined: June 24th, 2012, 7:34 pm

BC Landlords Can Raise the Rent 2.5% In 2019 (Not 4.5%)

#1 Unread post by BCLA » September 28th, 2018, 9:17 pm

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The BC Annual Rent Guideline Formula Has Changed. It Is Now “Inflation Rate Only”

The BC government has made a significant change in the way residential landlords can raise the rent for existing tenants.

Previously, landlords could raise the rent by the inflation rate + 2%. Thus, the 2019 rent increase guideline used to be 4.5% but no longer.

Things have changed and the new allowable rent increase guideline is 2.5%. This is a big challenge for small landlords who are already struggling to keep up with rising costs.

Read more at:

http://bclandlords.ca/2018/09/28/bc-lan ... 9-not-4-5/

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