The provincially mandated rent increase freeze is set to expire January 1st, 2022 and the Residential Tenancy Branch has announced the 2022 maximum rent increase percentage. The Residential Tenancy Act and Regulations establishes the percentage of increase, timing, and notice period and a landlord must follow the correct process to ensure their increase is valid. Below is a breakdown of what landlords need to know to effectively raise rent.
B.C.’s maximum allowable rent increase amount for 2022 is being set 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. Landlords can start distributing the three months’ notice of rent increase to their tenants to take effect on January 1, 2022.
|On or before September 30, 2021*||January 1, 2022|
|On or before October 31, 2021*||February 1, 2022|
|On or before November 30, 2021*||March 1, 2022|
*If served in person. Please refer to correct method of service to account for any delays.
You can read the Governments Media Release here.
LandlordBC has a number of guides available in the members-only section of the website and we recommend our members revisit the following guides:
- Email as a method of service
- Rent Increases
- Additional Rent Increase