2022 Allowable Rent Increase

Posted by on Aug 16, 2018 in Industry Info/News | 0 comments

2022 Allowable Rent Increase

  • The provincially mandated rent freeze is set to expire at the end of 2021.
  • For manufactured home park tenancies, the 2022 maximum increase will be 1.5% plus a proportional amount for the change in local government levies and regulated utility fees.
  • January 2022 will be the first time landlords are be able to raise rents on existing residential tenancies since March 2020.
  • Landlords must provide tenants with three full months’ notice using the correct notice of rent increase form.
  • Link to more information on rent increases: https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/rent-increases

Previous Maximum Rent Increases

The following table outlines the maximum allowable rent increases for the past few years:

Year Maximum Allowable Rent Increase
2021 0.0%
2020 2.6%
2019 2.5%
2018 4.0%
2017 3.7%
2016 2.9%
2015 2.5%
2014 2.2%
2013 3.8%
2012 4.3%
2011 2.3%
2010 3.2%
2009 3.7%
2008 3.7%
2007 4.0%
2006 4.0%
2005 3.8%
2004 4.6%

Landlords may not retroactively apply a rent increase. If a landlord did not issue a rent increase in the previous year, or issued a rent increase that was less than the amount allowed by law, they cannot later apply a rent increase to catch up.

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