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B.C. renters could pay up to 2.6 percent more in 2020
Vancouver
British Columbia

B.C. renters could pay up to 2.6 percent more in 2020 

Minister of Municipal Affairs and Housing Selina Robinson said the B.C. provincial government has removed the two percent above inflation rate that was previously allowed, again. The new inflation rate will permit landlords to increase their rent by 2.6 percent in 2020. The changes have been documented in the provinces updated Tenancy Laws for 2019.

Last year, the allowed rent increase was hiked up to 2.5% under B.C. Premier John Horgan, reports the Vancouver Sun, “in a bid to tackle the affordability crisis, particularly in heated markets such as Vancouver.”

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