Starting in 2026, landlords in British Columbia will be limited to raising rents by a maximum of 2.3%, a decrease from the previous three per cent allowance.
This adjustment, according to the provincial government, is linked to inflation rates and aims to make living in affordable housing closer to work, schools, and family members more attainable for residents.
Christine Boyle, Minister of Housing and Municipal Affairs, emphasized that the cap on rent increases serves to shield individuals from unreasonable hikes in rental costs. Boyle explained that this controlled increment also enables landlords to reinvest in their properties to maintain rental options in the market.
The new rental increase regulation, set to take effect on January 1, 2026, marks the second consecutive year where the maximum allowable rent rise is determined by the 12-month average percentage change in the Consumer Price Index for British Columbia.
Notably, the 2.3% cap does not extend to commercial leases, non-profit housing with income-based rent, co-operative housing, or some assisted-living facilities.
Landlords are required to provide tenants with a three-month notice using the Notice of Rent Increase form for any rental adjustments, which can only occur once within a 12-month period.