Category: Industry News

This is the seventh consecutive year that the B.C. government has capped annual residential rent increases at or below inflation. That is down from the 2.3 per cent maximum increase allowed this year, and marks the seventh consecutive year where the maximum allowable increase has been capped at or below inflation. Landlords are only allowed to raise rents once every 12 months.

https://news.gov.bc.ca/releases/2026HMA0085-000982

Constant wave of new residential developments has resulted in a booming job market for Apartment Managers!

There are an abundant number of Residential apartment building manager jobs in BC. The constant wave of new residential developments and aging infrastructure has resulted in a booming job market.

Employers are actively seeking out RMTI graduates because the CRM (Certified Resident Manager) and CSPO (Certified Swimming Pool Operator designations are highly respected and provides the exact skills needed to operate multi-unit buildings.

Local Job Opportunities
BC features many open roles ranging from live-in/live-out residential managers to corporate strata portfolio managers.

Live-in/Live-out Residential Managers: Very common BC. Compensation usually involves a subsidized or free apartment (for on-site residence) combined with a competitive salary and benefits.

For RMTI Graduates Endless Openings: With hundreds of new residential developments going up across BC, demand is constant.

Exclusive Employer Network: RMTI (Resident Managers’ Training Institute) graduates gain access to a dedicated RMTI Jobs Page containing opportunities across Canada.

Because RMTI certification covers essential day-to-day operations, tenant relations, and safety compliance, many employers across BC specifically look for this credential during the hiring process.

There are plenty of building manager jobs in BC. The construction boom in Metro Vancouver, Vancouver Island and across the province means a steady stream of new residential properties are opening, leading to strong hiring demand by property developers, housing societies, property management firms and strata councils. A lot of first nation housing is also being built creating more opportunities.

Yes, there is massive demand for building managers. The constant boom in new residential, strata, and mixed-use developments has created a structural talent shortage in BC’s property management industry, making it an excellent time to break into the field or look for new opportunities.

Because many first-time buyers are purchasing strata units, the number of these buildings is skyrocketing, creating high demand for Residential Building Managers.

With the completion of new purpose-built rental high-rises, developers are actively hiring residential managers to handle renting, tenant relations, rent collections, Residential Tenancy Act enforcement and other duties —often offering big rent discounts, even free suites in some cases, benefits and bonuses as part of the compensation package.

For further information on a new career in the property management industry please visit us at www.rmti.ca

Minimum wage increase as of June 1 2026 for Resident Caretakers – BC
The minimum wage for resident caretakers is a monthly wage based on the number of suites in the building.
For further information please visit
https://www2.gov.bc.ca/gov/content/employment-business/employment-standards-advice/employment-standards/wages/minimum-wage

The Residential Tenancy Regulation was recently amended to explicitly confirm that assisted living accommodations are exempt from the Residential Tenancy Act. This change does not alter existing policy but provides clarity by formalizing the long-standing interpretation that assisted living, as a housing-based health facility providing hospitality and personal care services, falls outside the scope of the RTA. RTB Policy Guideline 46 has been updated accordingly.
https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/residential-tenancies/policy-guidelines/gl46.pdf

The interest payable on security and pet damage deposits for 2026 is 0%, as the prime lending rate on January 1, 2026 (4.45%) was below the 4.5% threshold set out in the Residential Tenancy Regulation. However, landlords should remember that interest may still be owed on deposits held during previous years when interest was payable (1.95% in 2023, 2.7% in 2024, and 0.95% in 2025). When returning a deposit, interest must be calculated over the entire period the deposit was held, not just the current year.

As a partner with Covenant House, RMTI asks that you make a donation to them if you use any of our SERVICES!
Donations can be made at: http://support.covenanthousebc.org/goto/RMTI

With over 25 years of experience providing unconditional love and absolute respect to youth experiencing homelessness, Covenant House Vancouver acknowledges with gratitude that our work takes place on the traditional lands of the Musqueam, Squamish, and Tsleil-Waututh First Nations.

This guide is specifically designed for owners and managers of rental and strata housing, recognizing the critical role they play in protecting resident health during extreme weather. It encourages decision-makers to take proactive steps to reduce barriers that could prevent tenants from staying cool and safe during periods of high heat.

The guide is at: https://www.vch.ca/en/media/13676?fbclid=IwY2xjawJ_hbFleHRuA2FlbQIxMQBicmlkETE4UzVvSWFEeHY5MWhLZFJlAR5qPjVBcxSycy23sjJ0HfjI4D8ywre36if6EcP4GvR_3qhyALQYoYHKfbbH5w_aem_ycPbz4fZXpIaeSWIFMNCQg

The minimum wage for resident caretakers is a monthly wage based on the number of suites in the building.

For further information please visit

https://www2.gov.bc.ca/gov/content/employment-business/employment-standards-advice/employment-standards/wages/minimum-wage

Interest payable on deposits for 2025 is 0.95%. This is based on a formula set in the Residential Tenancy Regulations which sets the interest rate at 4.5% below the prime lending rate, which was 5.45% on January 1, 2025.

Historical Context:
• From 2009 to 2022, the interest rate on deposits was 0% because the prime lending rate was below 4.5%.
• In 2023, the rate was 1.95%, and in 2024, it increased to 2.7%.

To utilize the RTB Deposit Interest Calculator to determine the amount of interest payable on deposits click on the link below

https://www.housing.gov.bc.ca/rtb/WebTools/InterestOnDepositCalculator.html

Dear Mr. Munday,

It’s been an incredible year at Covenant House Vancouver! Thanks to your incredible generosity, we’ve been able to launch vital new programs and services to better support young people. We’re also thrilled to share that the renovations to the Rights of Passage supported housing program are complete. The renovations resulted in 19 new studio apartments being added that will help support more youth as they transition to independence.

In our 2024 Impact Report, you’ll meet Alex, a resilient young person who found his voice and learned to advocate for himself with the support of Covenant House. You’ll also discover key insights and inspiring statistics that show how your kindness has helped transform countless lives.

Your generosity is making a real difference for at-risk and vulnerable youth in our community. Thank you for being part of their life-changing journeys.

With gratitude,
Tracy Brown
Director, Philanthropy
Covenant House Vancouver

To contribute to Covenant House on behalf of RMTI please go to http://support.covenanthousebc.org/goto/RMTI