Municipal Affairs and Housing Minister Selina Robinson (from left), Andrew Sakamoto of the Tenant Resource and Advisory Centre, and David Hutniak, CEO of LandlordBC, announced new rent restrictions in October 2017. Tom Fletcher/BLACK PRESS

B.C.’s annual allowable rent increase jumps to four per cent

Rent hike ceiling has steadily risen since 2013, when the maximum was 2.2 per cent

The allowable annual rent increase for tenants in B.C. is increasing to four per cent starting next week, up from 3.7 per cent in 2017.

Landlords are only permitted to increase a tenant’s rental rate once per year, at a rate of two per cent plus inflation to a maximum of four per cent. They must provide at least three months’ notice in writing before doing so.

Low inflation limited the allowable rent increase to 2.2 per cent in 2014, 2.5 per cent in 2015 and 2.9 per cent in 2016. The 2018 maximum is the highest since 2012, when it sat at 4.3 per cent.

RELATED: B.C. to give renters a break on deposits, rent increases

A fall 2017 report from the Canada Mortgage and Housing Corporation listed the average one-bedroom rent in Victoria at $988 per month. A four-per-cent increase would tack another $39.52 onto the rent.

In October, Municipal Affairs and Housing Minister Selina Robinson introduced Bill-16, proposing the end of fixed-term rental agreements that did not include an option for the tenant to switch to a month-to-month arrangement after completing the original term, commonly a one-year lease.

RELATED: B.C. to end geographic area rent increases, close fixed-term lease loopholes

The “vacate clause” was enabling landlords to force renters out in order to find new tenants and raise the rent more than the allowable amount with a continuing tenant. The province does not allow rent increases of any kind before a 12-month tenancy is up, or at any point during 12 months from the previous rent increase.

The new maximum increase applies to those living in rental units such as houses or apartments. Mobile homes rents can be raised up to four per cent plus a proportional amount – the total increase in local government levies and regulated utility fees divided by the number of manufactured home sites in the park.

Subsidized housing, where rental rates are directly related to a tenant’s income, are not subject to maximum increase legislation. To determine your rent increase, visit the calculator tool on the province’s website.

kristyn.anthony@vicnews.com

Just Posted

Canadian Conservation Corp offers free nine-month adventure

Adventure program targets those aged 18 to 30

Fairway Gorge Paddle Club outrigger relay race raises money for men’s health

Annual Movember event returns, all proceeds will go to B.C. Cancer and Island Prostate Centre

Halloween roundup: Bonfires, fireworks and haunted houses

Events in Victoria, Esquimalt, Oak Bay, Saanich, Saanich Peninsula and Sooke

Clear skies and wind ahead for Tuesday

Plus a look ahead at the week

City of Victoria considers proposed senior rental development

The Mount St. Angela’s complex aims to include affordable rental units

In the news: Liberals eke out a win, but will need NDP, Green support to pass bills

Conservatives say they are ready if Trudeau should falter

Second young woman dies after rollover crash near Williams Lake

‘Someone’s going to get her heart, which is awesome, because she has the best heart in the world’

Google searches for ‘how to vote’ surge on Election Day

Interest spikes despite social media campaign by Elections Canada

Union says Western Forest Products refuses to budge from ‘unreasonable concessions’

According to a press release, both parties met on Oct. 16, 18, 19, and 20.

Alberta man pleads guilty, fined for hunting without a licence in North Island

It’s the responsibility of each hunter or angler to know whether they are considered a B.C. Resident.

Alcohol a possible factor in crash that killed 17-year-old girl near Williams Lake

A pickup truck left the road and rolled over on Highway 20 on the weekend

B.C. woman must pay $1,000 after unleashed dog bites another

Owner should never have left Bibi unattended, tribunal member wrote

Climate activist Greta Thunberg’s mural defaced in Edmonton

The eyes on the portrait were blacked out

App designed to help cut waste and grocery bills

Food security advocates say addressing poverty is ultimate key

Most Read