Maximum allowable rent increase capped at 1.5 per cent 

The B.C. government has capped the maximum allowable rent increase at 1.5 per cent.

Landlords can increase rent once per year, except when the province enacted a rent freeze at the beginning of the COVID-19 pandemic which has been extended to December 31st, 2021.

Provincial officials said if landlords choose to increase rent they must provide three months’ notice to tenants. According to the B.C. government, the rent increase is significantly less than what it would have been before changes were made in 2018.

Before the change, maximum rent increases could include an additional two per cent on top of inflation and provincial officials said the change has saved families hundreds of dollars.

The government has also recently made renovictions illegal by making landlords apply to the Residential Tenancy Branch for pre-approval.

Renovictions are forced evictions in order to renovate a property.

The increase in rent can not take place before January 1st, 2021.

Continue Reading

chnv Now playing play

ckkc Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

RCMP seeking public assistance to find missing woman

Police are seeking the public's assistance in locating 52-year-old Jodi Lynn Perry, who was last seen in Airdrie on Wednesday, however, believed to be in the Salmo area.

Tom Wayman book launches in Nelson and Nakusp

West Kootenay author Tom Wayman will launch his newest collection of poems, Out of the Ordinary, in Nelson and Nakusp later this month.

Creston Valley Chamber slams Baker Street market move

The Creston Valley Chamber of Commerce executive director is calling the City of Nelson’s decision to move the Wednesday Farmers’ Market “insulting.” 

Zoey – a dog with a mix of everything!

This weeks Summit Radio Pet of the Week from the BCSPCA is Zoey!

BCGEU pushes for inland ferry regulation reform

The BC General Employees Union is calling on the province to take a stronger role in regulating inland ferry services, following a bitter five-month labour dispute that severely impacted Kootenay Lake communities. 
- Advertisement -