Rental Reality: BC Government Approves 3.5% Rent Increase for 2024 - Striking a Balance!
In 2024, British Columbia landlords can increase rents by 3.5%, up from the 2% cap in 2023. BC government believes this balances tenant affordability and landlords' ability to maintain properties. Though the hike is below the current 5.6% inflation rate, it addresses concerns from both sides...