Maximum allowable rent increase is 1.4 per cent for 2021
This is in contrast to previous rules set in 2018 which allowed rent increases to be the rate of inflation plus an additional two per cent.
For manufactured-home park tenancies, the rate is 1.4 per cent, plus a proportional amount for the change in local government levies and regulated utility fees.
BC landlords can increase rent once per year and must provide tenants with three full months’ notice using the correct notice of rent increase form.
Read more about the maximum allowable rent increase for 2021.