The Province has set the maximum allowable rent increase for 2022 at 1.5%, based on inflation.
This increase cannot take effect prior to Jan. 1, 2022.
If landlords choose to increase rent, they must provide a full three months’ notice to tenants using the correct notice of rent increase form.
To support British Columbians, the Province enacted a rent freeze at the beginning of the COVID-19 pandemic.
The freeze has since been extended to Dec. 31, 2021.
If a landlord served a tenant with a notice of rent increase that takes effect in 2021, it is null and void and the tenant does not have to pay it.
The 2022 maximum allowable rent increase is significantly less than what it would have been prior to changes made by the Province in 2018 that limited rent increases to inflation, the province said.
B.C. landlords can only increase rent once annually, if they choose to increase rent at all.
The Province also recently banned illegal renovictions (evictions to complete renovations to a property) by requiring landlords to apply to the Residential Tenancy Branch for pre-approval before ending a tenancy.