B.C. Housing Minister Ravi Kahlon says keying rent rises to inflation ‘saves renters hundreds of dollars’ compared to the previous government’s policy of allowing increases of inflation plus 2%
B.C. Housing Minister Ravi Kahlon speaks at the British Columbia Institute of Technology 's carpentry building, in Burnaby, B.C., on May 27.The maximum allowable rent increase in British Columbia next year will be 3 per cent, down from the current 3.5 per cent.
Housing Minister Ravi Kahlon says in a news release that keying rent rises to inflation “saves renters hundreds of dollars” compared to the previous government’s policy of allowing increases of inflation plus 2 per cent. The ministry says the allowable rent increase is defined by the change in the all-items consumer price index for the province for the year up to July.
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