Tenant advocate decries ‘troubling’ ruling that let landlord hike rent by 27 per cent

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Tenant advocate decries ‘troubling’ ruling that let landlord hike rent by 27 per cent
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Tenant Resource and Advisory Centre urges B.C. government to look into regulation allowing for massive rent increases

A legal advocate for tenants says the B.C. government should take swift action to get rid of a regulation allowing landlords to apply for rent increases far bigger than otherwise allowed.

The landlord company successfully argued that financial losses caused by the interest rate hikes were not foreseeable “under reasonable circumstances,” and it should be allowed to increase rent beyond the 3.5 per cent limit set by the province for this year. But he’s worried the ruling may mean “open season” for landlords hoping to insulate themselves from risk when they bet on investing in rental housing.

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