August 26,2025
RED FM News Desk
More people will be able to remain in affordable housing close to their jobs, schools, and loved ones as the Province sets the 2026 allowable rent increase at 2.3%, down from 3% in 2025, tying it to inflation.
“B.C. is an extraordinary place, but with rising costs and economic uncertainty, many people struggle to find housing that fits their budget,” said Christine Boyle, Minister of Housing and Municipal Affairs. “By linking rent increases to inflation, we are keeping housing costs manageable for seniors, families, and individuals while protecting them from unfair hikes. At the same time, this increase allows landlords to invest in their properties to maintain rental supply.”
This is the second consecutive year the maximum increase has been tied to the Consumer Price Index. In 2024, the cap was set at 3.5%, well below the 5.6% inflation rate. Before 2018, landlords could raise rents by an additional 2% above inflation, costing the average B.C. family hundreds of extra dollars annually.
The 2026 rent increase cannot take effect before Jan. 1, 2026. By announcing it now, landlords have time to provide the required minimum three months’ notice, allowing renters to plan ahead.
Since 2017, the Province has strengthened renter protections while ensuring landlords can manage problematic tenancies. Measures have helped prevent illegal renovictions, and the annual renter’s tax credit provides $400 to low- and moderate-income renters.
B.C. was also the first province or territory in Canada to offer provincewide rent bank services, providing interest-free loans for tenants facing urgent financial hardships. The Rental Protection Fund helps preserve affordable rental housing across the province, and enhancements this year to the Rental Assistance Program and the Shelter Aid for Elderly Renters program are supporting more low-income families and seniors.
Changes at the Residential Tenancy Branch have reduced wait times for resolving disputes over unpaid rent and utilities from three months to one, benefiting both renters and landlords.
Adjustments to landlords’ responsibilities for holding tenants’ abandoned property, along with improved guidance for navigating hearings, are reducing risks for both parties and helping speed up resolutions when rules are broken.
Loading ...
