20 Sep B.C. Rent Increases Capped at 3% for 2025

Posted at 15:43h in Areas of Practice, General, Real Estate by
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Starting January 1, 2025, landlords in British Columbia will not be able to raise rents by more than 3%, down slightly from the 3.5% cap in 2024. The rent increase limit is tied to inflation this year, allowing adjustments that reflect the economic climate while protecting tenants from substantial rent hikes.

This cap follows several years of rent increase limits aimed at balancing the needs of both renters and landlords. During the COVID-19 pandemic, rent increases were frozen in 2020 and 2021, with limits of 1.5% in 2022 and 2% in 2023.

The 3% limit applies to most residential tenancies, with landlords required to provide tenants with three months’ notice before implementing any increase. Rent can only be raised once in a 12-month period, as outlined in the Residential Tenancy Act.

For “manufactured-home park tenancies,” the 2025 cap will also be 3%, with an additional allowance for any changes in local government levies and regulated utility fees.

This increase does not apply to:

  • Commercial tenancies
  • Non-profit housing where rent is based on income
  • Housing co-operatives
  • Some assisted-living facilities

If you’d like more information, reach out to us at Sitka Law Group for a free initial consultation. Sitka Law Group is conveniently located on Shelbourne Street near the intersection of the borders of Victoria, Oak Bay and Saanich.

This article is current as of September 20, 2024, and it is intended for general information purposes only. It is not intended to provide legal advice and should not be considered legal advice. Readers with concerns about how this affects particular situations or transactions should obtain the independent review and advice of legal counsel.