09/01/2026
π BC RENT NEWS: What Landlords & Tenants Need to Know for 2027
B.C. has announced that the maximum allowable rent increase for 2027 will be 2.2%, effective January 1, 2027.
What does that look like in real dollars? π
If your current rent is $2,500/month, a 2.2% increase would be $55/month, bringing the new rent to $2,555/month.
A few important reminders: β’ Rent can generally only be increased once every 12 months
β’ Landlords must provide 3 full months' notice
β’ The proper RTB-7 Notice of Rent Increase must be used
β’ The 2.2% limit applies to existing tenancies, not the asking rent when a unit is rented to a new tenant
π But hereβs the bigger storyβ¦
While allowable rents can increase, asking rents across B.C. have actually been cooling. The Province reported average asking rents down approximately 4.5%, with several Lower Mainland communities seeing even larger declines.
For renters, that could mean more choice and negotiating power.
For landlords, it makes pricing your rental correctly even more important in a changing market.
Thinking about buying, selling, investing, or wondering what your property could rent for?
π© Send me a DM β happy to help.
Amar Sandhu
Personal Real Estate Corporation
Macdonald Realty
π 604-655-4090
π soldbyamar.ca