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B.C. limits 2023 apartment rent increases at 2%

Location
Vancouver, Vancouver Island, Kelowna
Publish Date
2022/09/27

Landlords in B.C. will be able to raise rents in 2023 by much less than inflation. The provincial government has set the maximum allowable rent increase for 2023 at 2%. A 2% rent increase is obviously not enough to cover property tax and insurance increases. Also, many landlords have mortgages with 1.5% interest rates, and they're locking in at 4%.

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British Columbia