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Tag: BC Rent increase

BC limits permissible rent increase for 2025 to 3%

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BC limits permissible rent increase for 2025 to 3%

The government of British Columbia has set the maximum allowable rent increase for next year. From January 1, landlords are only allowed to increase rent by a maximum of three percent. In the current year, rent was 3.5 percent lower. The province explains that the maximum allowable rent increase next year will be tied to […]

Landlords in British Columbia obtain rent increase of 23.5% over two years

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Landlords in British Columbia obtain rent increase of 23.5% over two years

Two landlords in Victoria, BC, were granted a rent increase above the amount allowed by law after it was determined that they had incurred a financial loss while renting a property. The landlords purchased the property – their first rental property – on October 28, 2021. At the time, you had a variable rate mortgage […]