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 expired at the end of 2021.
  • For manufactured home park tenancies, the 2022 maximum increase is 1.5% plus a proportional amount for the change in local government levies and regulated utility fees.
  • January 2022 is 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:

20210.0%
20202.6%
20192.5%
20184.0%
20173.7%
20162.9%
20152.5%
20142.2%
20133.8%
20124.3%
20112.3%
20103.2%
20093.7%
20083.7%
20074.0%
20064.0%
20053.8%
20044.6%

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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