B.C. keeps rent increases low

Rent increase for residential tenancies set at 2.5 per cent for 2015

  • Dec. 24, 2014 12:00 p.m.

The B.C. government is maintaining a low allowable rent increase.

The province is keeping the allowable rent increase for residential tenancies at 2.5 per cent for 2015. For manufactured home park tenancies, the rate is 2.5 per cent plus a proportional amount for the change in municipal and utility fees.

In addition to keeping rent increases low, the provincial government provides rental assistance to support low-to-moderate-income families and seniors renting in the private market.

In 2014, the provincial government increased the average monthly supplement for a family from $370 to $420. Last year, more than 28,000 households throughout B.C. benefited from rental assistance.



Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

One dead as fish boat sinks off southern Vancouver Island

Shawnigan Lake-registered Arctic Fox II went down off Cape Flattery, west of Victoria

Saanich council seeks more information after hearing Uptown-Douglas plan

Council asks for further reports on economic, housing, transportation plans for corridor

Three active COVID-19 cases on Vancouver Island

Since July 24, Central island has had five new cases, North one, South none

Victoria police seize replica handgun and bullets

Unrelated call leads police to functional replica

Flaming object thrown through Victoria restaurant window

Police looking for any witnesses to early-morning incident

Man arrested after stabbing incident at makeshift camp near Vancouver Island mall

RCMP in Parksville report 28-year-old man taken into custody without incident

Canucks ride momentum into NHL playoff series against defending Stanley Cup champs

PREVIEW: Vancouver opens against St. Louis on Wednesday

Man, 54, charged in connection with fatal attack of Red Deer doctor

Doctor was killed in his walk-in clinic on Monday

Landlord takes front door, windows after single B.C. mom late with rent

Maple Ridge mom gets help from community generosity and government

42 more people test positive for COVID-19 in B.C.

The province has recorded no new deaths in recent days

Joe Biden selects California Sen. Kamala Harris as running mate

Harris and Biden plan to deliver remarks Wednesday in Wilmington

Lawsuit launched after Florida child handcuffed, booked and briefly jailed

Suit alleges “deliberate indifference” to what should have been handled as a behavioural issue

Russia approves vaccine, Putin hopes to begin mass production

Critic calls decision to proceed without thorough testing ‘dangerous and grossly immoral’

Most Read