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/