The rate for the maximum allowable rent increase has now been set for B.C. in 2019.
The provincial government uses the B.C. Consumer Price Index and the formula for rent increases, which adds up to a top annual rent increase of 4.5 per cent. But it's the largest allowable rent hike in more than a decade.
The rate for the maximum allowable rent increase has now been set for B.C. in 2019.
The provincial government uses the B.C. Consumer Price Index and the formula for rent increases, which adds up to a top annual rent increase of 4.5 per cent. But it's the largest allowable rent hike in more than a decade.
“Landlords must provide tenants with three full months' notice using the correct notice of rent increase form,” said the news release.
For more information about the annual allowable rent increase, visit: Rent Increases
