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British Columbia Brings Residential Rental Increases Closer to Inflation

Landlords Welcome Increases, but Some Consider the Move To Be Too Late
Downtown Vancouver is home to the West End and other densely populated residential neighbourhoods with many rental buildings. (Justin Eckersall/CoStar)
Downtown Vancouver is home to the West End and other densely populated residential neighbourhoods with many rental buildings. (Justin Eckersall/CoStar)
CoStar Analytics
September 13, 2023 | 4:02 P.M.

The province of British Columbia announced 2024’s maximum allowable residential rental increase, saying landlords can increase rates by 3.5% after three years of rental increases that have not kept pace with inflation.

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