Landlords Are About To Bring The Pain - 2024 BC Rent Increase Announced

The Province of BC just released their rental increase limit for January 2024 of 3.5%. This is up from the 2% limit imposed for 2023, however still does not keep pace with the annualized rate of inflation in the province.

In today's video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses BC's 2024 rent increase announcement, the biggest factor that is driving up Canadian rental prices, and why rent cap increases may actually harm renters and even drive up the average rent in a market.

https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/rent-increases

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