The BC Residential Tenancy Branch has announced the 2023 maximum rent increase percentage is 2%.
Annual rent increase notices must have an effective date no earlier than January 1, 2023.
When issuing a new notice of rent increase, a landlord must:
- Use the approved notice of rent increase form
- Use the maximum amount for 2023: 2%
- Give the tenant no less than three full months before the notice takes effect.
For further details, please visit https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/rent-increases