March home sales and new listings set records in Metro Vancouver VANCOUVER, BC –…
B.C. announces largest max allowable rent increase in a decade for next year
The Province of British Columbia has announced the maximum allowable rent increase for 2019, and it’s the largest rent hike in more than a decade.
Next year, landlords can raise rents by a maximum of 4.5%. This figure is partly tied to the B.C. consumer price index (CPI).
“B.C. landlords can choose to increase rent once annually,” the government said in a news release. “The maximum percentage increase allowed each year is the inflation rate plus 2%.
Vancouver Real Estate News, Market Updates, Insider Tips, Stats, & Analysis
Sign up for insider real estate news & tips from our podcasting team.
“The inflation rate, calculated using the 12-month average percentage change in the CPI for British Columbia ending in July, is 2.5%.”
Maximum allowable increases for the past 10 years were:
- 2018: 4%
- 2017: 3.7%
- 2016: 2.9%
- 2015: 2.5%
- 2014: 2.2%
- 2013: 3.8%
- 2012: 4.3%
- 2011: 2.3%
- 2010: 3.2%
- 2009: 3.7%
This Post Has 0 Comments