Loading ...Concerns for Canadian renters after two B.C. landlords allowed to hike rent by 23.5 per cent – National Post
The residential property at the centre of the ruling is a four-plex unit purchased in October 2021. Rent amounts at the property ranged from $1,282 to $1,550, according to the court documents. The landlords requested a rent increase after their interest rates went up from 1.9 per cent in 2021 to 6.65 per cent in 2023.
In response to the ruling, others seemed certain that other landlords would pursue similar demands. “This is something landlords will be testing on a MASS level very soon. I’ll be part of it,”