SingleKey

We’ve acquired Canada’s leading tenant screening provider, Naborly! 🎉 Learn More

Download Free Rental Application
Forms

What goes into evicting a tenant
in Canada?

Free residential tenancy agreements for every Canadian province

Find out how much it costs to evict a tenant in Canada

SingleKey 2021
Rental Reports

Tips, resources and advice for landlords and property managers

British Columbia Rent Increase 2023

Not sure where to begin to discuss rent increase with your tenant this year? Keep scrolling for all the information you need on British Columbia’s new 2023 Rent Increase guidelines.

What’s New For 2023

 The British Columbia rent increase guideline for 2023 is 2%, which means if the landlord provides a tenant with at least 90 days proper written notice, they can increase the rent on a residential rental unit from $1,000 to $1,020.

Rules For Increasing Rent

Under the 2022 British Columbia Rent Increase guideline, the landlord must give at least 90 days written notice of the rent increase before it takes effect, and can only increase rent once in a 12-month period. In most cases, the rent for a residential unit can be increased 12 months after:

Residential Tenancy Branch Rent Increase Forms

Use the forms available from the Residential Tenancy Branch to give proper notice. Don’t forget, if you do not give proper notice, or raise the rent by an improper amount, your tenant can dispute it within 12 months after the amount was first changed.

Rent Increase forms include:

2023 Rent Increase Guideline

The guideline is the maximum a landlord can increase most tenants’ rent during a year without approval of the Residential Tenancy Branch.

This means that most residential rents cannot go up by more than the rent increase guideline for every year. For 2023, the British Columbia Rent Increase Guideline is 2%.

The guideline applies to most residential rental units covered by the Residential Tenancy Act such as:

The rent increase guideline does not apply to:

Don’t Forget

Exceptions can be granted by the Residential Tenancy Branch for approval to raise rent by more than the rent increase guideline. Guidelines only apply to the rent portion of the bill for care homes, but does not apply to the cost of services like nursing, food, or cleaning.

Resolving Issues About Rent Control

Either tenants or landlords can contact the Residential Tenancy Branch and determine whether a unit is exempt from the rent increase guideline. To show a unit is exempt from rent control, a landlord should include an additional term in the lease stating such, and keep records that prove this is the case.

Get Your Rent Without The Stress

Set up automatic payments today with our Rent Collection tool.

Click for the BBB Business Review of this Screening - Tenant in Toronto ON
Join Our Newsletter
Contact
The SingleKey Rent Guarantee coverage is provided by Lloyds Lloyds Crest Lloyds, rated A+ by A.M. Best. Coverage is offered in the form of a surety performance bond. SingleKey is a participating member of Protected Cell Captive insurance company that is one hundred percent reinsured within the Lloyd’s Market rated A+ by A.M. Best. 

© All rights reserved SingleKey 2022.