Source: BC Government. Image credit: by Photo Mix from Pixabay
British Columbia’s annual allowable rent increase for 2020 has been set at 2.6%, the province’s annual rate of inflation — 2% lower than it would have been prior to the reduction government made in 2019.
The Residential Tenancy Branch’s new Compliance and Enforcement Unit is playing a key role in making sure both landlords and renters understand and follow the rules. It is also taking strong action against serious offenders.
When the rent increase cap was lowered in 2019, the Rental Housing Task Force also recommended that the provincial government work with landlords on revising the process for applying for limited additional rent increases to ensure they can pay for necessary maintenance and repairs to their buildings, and preserve good-quality housing for people throughout the province.
The previous process for seeking additional rent increases only gave landlords the opportunity to recover investments for unforeseen repairs or maintenance. The Province has worked with landlord groups on a new way to help ensure important capital investments are made. Landlords will be able to apply to recover costs incurred in the previous 18 months for major capital improvements. The new system is expected to be ready for the summer of 2020.
- For manufactured home park tenancies, the rate is 2.6% plus a proportional amount for the change in local government levies and regulated utility fees.
- B.C. landlords can choose to increase rent once annually and must provide three-months’ notice, using the correct notice of rent increase form.
- Rent increase limits are now tied only to the inflation rate, calculated every year using the 12-month average percentage change (ending in July) in the Consumer Price Index for British Columbia.
- How renting in B.C. is changing
- More information about the annual allowable rent increase
- Information on protections from renovictions
- A new form with more information for renters to be used for ending a tenancy due to demolition or renovation
- When a landlord can end a tenancy to demolish, renovate or convert a rental unit