The current allowable rent increases for 2013 are 3.8%
. the allowable rent increase for 2014 is 2.2%
for conventional tenancies.
Please see the release below from the residential tenancy branch webstie. http://www.rto.gov.bc.ca
Allowable Rent Increases for 2014
August 27, 2013
Conventional Residential Tenancies:
For a conventional residential tenancy rent increase that takes effect in 2014, the allowable increase is 2.2 per cent.
The annual allowable rent increase for conventional residential tenancies is determined by the formula in the Residential Tenancy Regulation.
Manufactured Home Park Tenancies:
For a manufactured home park tenancy rent increase that takes effect in 2014, the allowable increase is 2.2 per cent plus a proportional amount. For a definition of the proportional amount and for more information please see the Rent Increase Formula for Manufactured Home Parks fact sheet.
The annual allowable rent increase for manufactured home park tenancies is determined by the formula in the Manufactured Home Park Tenancy Regulation.
The Notice of Rent Increase – Manufactured Home Site (auto-calculating version) RTB-11A will be updated with the 2014 increase on September 3, 2013.
Residential Tenancy Branch forms required for rent increases are available at www.rto.gov.bc.ca/content/formsFees/default.aspx
Tenants aged 60 and over may be eligible for rent subsidies under the BC Housing SAFER program. Low-income families may be eligible for rent subsidies through the Rental Assistance Program. Further information is available from BC Housing at 1-800-257-7756 or www.bchousing.org