B.C.’s prolonged rent freeze during the COVID-19 pandemic will be lifted in the new year.
The provincial government said Wednesday that the maximum allowable rent increase for 2022 is being set at 1.5%, based on inflation.
Rent increases cannot take effect prior to Jan. 1, 2022, and landlords must provide a full three months' notice to tenants, the province said.
A rent freeze came into effect at the beginning of the pandemic, and was extended to Dec. 31, 2021.
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