Quote:
Originally Posted by whatnext
I'm a little curious how Horgan and the NDP expect landlords to keep their expenses below 2% to match this. 
B.C. government announces 2 tax credit boosts, rent increase cap for 2023
By Richard Zussman Global News
Posted September 7, 2022
...Instead of allowing rent increases equivalent to inflation, B.C. is also placing a cap of two per cent on increases for 2023. For a renter paying $2,000 in rent, that could mean savings of up to $816 next year.
Horgan said he will work with B.C. landlords to come up with solutions that meet their needs, but the “crisis” experienced by renters now must be addressed...
https://globalnews.ca/news/9111675/bc-cost-of-living-supports-horgan/ |
Depends on the type of landlord you're referring to. I'm pretty sure they can still file requests to increase it for maintenance and renovations like in the past.
If it's John Smith who owns a condo... maybe they should live in it instead.
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