Real Estate

B.C. rental housing task force recommends limiting rate increases

Earlier this year, the provincial government made headlines (and comment sections) by allowing landlords to raise rents by 4.5 percent for 2019. However, it appears that will be walked back, as the government's Rental Housing Task Force (made up of chair Spencer Chandra Herbert, NDP MLA for Vancouver–West End; Ronna-Rae Leonard...

By The Editors /

Earlier this year, the provincial government made headlines (and comment sections) by allowing landlords to raise rents by 4.5 percent for 2019. 

However, it appears that will be walked back: the government‘s Rental Housing Task Force (made up of chair Spencer Chandra Herbert, NDP MLA for Vancouver–West End; Ronna-Rae Leonard, NDP MLA for Courtenay-Comox; and Adam Olsen, Green MLA for Saanich North and the Islands) recommended a maximum rental increase of 2.5 percent, according to CBC News.

The new recommendations are in line with the current rate of inflation.  

The Editors

The Editors

The BCBusiness editorial team lives for big ideas, bold entrepreneurs and the business stories that make B.C. tick.