The announcement that B.C. is capping next year s annual allowable rent increase at two per cent was welcome news to many renters – but the province is still facing criticism from advocates for landlords and tenants alike.
Landlords say 2% rent increase cap is too small Renters say it s too big Either way, no one seems thrilled cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
With an administrative deadline looming and affordability dwindling, concern is mounting from tenants and landlords in B.C. about the allowable rent increase for 2023.
Tenants advocates are urging the B.C. government to reconsider a policy that allows landlords to cover the costs of repairs and improvements on their properties using supplemental rent hikes.