Rent Increase in Vancouver BC

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Rent Increase in British Columbia, Canada

Allowable rent increases in British Columbia are governed by the Residential Tenancy Act. Residential tenancy landlords are allowed to increase rent annually by a percentage equal to the inflation rate plus two percent without tenants disputing the increase at arbitration.

What you should know about rent increase:

  • allowable rent increase for residential tenancy in 2012 is 4.3%
  • 3-month written notice of a rent increase is required
  • rent can only be increased once in a twelve month period
  • tenant may agree, in writing, to a rent increase greater than the prescribed amount
  • landlords may request an additional increase only in extraordinary circumstances at arbitration
  • tenants can not dispute the rent increase unless the increase is more than the allowable amount

More on this Subject

   Expert Tenancy Advice

   - Rent Increase

   Related Forms

   - Notice of Rent Increase -RTB-07

   Other Resources

   - Rent Increases - Policy Guideline 37
 

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