2021 Allowable Rent Increase

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

2021 Allowable Rent Increase

  • 1.4% is the allowed maximum increase in 2021 for mobile home park tenancies plus a proportional amount for the change in local government levies and regulated utility fees.
  • Freeze on rent increases ends December 1, 2020
  • Effective April 1, 2020 new annual rent increases had been frozen during the Covid-19 state of emergency. If a notice has already been given it remains valid. A landlord can still give a notice of rent increase during the state of emergency in accordance with the regulations. However, in both of the above situations the rent increase will not come into effect until after the freeze on rent increases has ended.
  • 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
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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