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Max. allowable rent increase in British Columbia capped at 1.5% for 2022

 Rent increase freeze was extended to December 31st, 2021.  Annual rent increase notices with an effective date no earlier than January 1, 2022. 
Based on recent report on Rentals.ca, British Columbia was the province with the highest average rental rate at $2,084 per month in August after experiencing an annual increase o 4.2% - despite the pandemic, BC rents increase 5.7% a year earlier.  Ontario followed closely behind, with an average rental rate of $2,045 per month, representing a year-over-year decline of 1.2% - rents in August of 2020 were down 10.8% annually.  Click image to read full report..


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