The provincial government has lifted a freeze on rents for 2021 and has set the maximum annual allowable rent increase at 1.4 per cent.
For manufactured-home park tenancies, the rate is 1.4%, plus a proportional amount for the change in local government levies and regulated utility fees.
Rents had been frozen through 2020 by the Ministry of Municipal Affairs and Housing in response to the COVID-19 pandemic.
According to the Ministry this measure was brought in to protect renters experiencing income loss.
The rent freeze will be maintained through December 2020.
Tenants who received a notice of a rent increase that would have gone into effect after March 18, 2020 should continue to pay their current rent until November 30, 2020.
B.C. landlords can only increase rent once per year and must limit increases to the figure set by the provincial government unless otherwise approved by an arbitrator in limited circumstances.
Landlords must provide tenants with three full months notice of an increase.
