B.C. renters set to face biggest rent increase since 2004

The cost of rent in British Columbiais going up againin 2019.

B.C. landlords will be allowed to jack uprents by as much as 4.5 per cent in 2019 the biggest increase since 2004, when it was capped at 4.6 per cent.

It's the sixth straight year that the maximum allowablerent increasehas gone up. In 2018, the B.C. Residential Tenancy Branch set the rate at four per cent.

It comes as Vancouver continues to grapple with a near-zero vacancy rateand sky-high rents.

'That's not going to be comfy'

Renters like Jennifer Ashtonare worried about the constant increases.

"It looks like ... I'll have to take in a roommate into a one bedroom," she said. "That's not going to be comfy."

According to the Canada Mortgage and Housing Corporation (CMHC), the average price of a one-bedroom apartment in the Vancouver Census Metropolitan Area is $1,223 per month.

Under the allowable increase, a person renting an apartment at this price would pay an extra $55 per month, or $660 over the course of one year.

The CMHCdata doesn't account for rentals that weren't originally built for the rental market, such as condos.

2.5-per-cent inflation

Landlords are allowed to increase rents once a year by two per cent, plus the inflation rate.

The inflation rate is calculated using the 12-month average percentage change in B.C.'s Consumer Price Indexending in July, which is 2.5 per cent.

Landlords must give tenants three-months' notice when increasing rents.

'Cancel the increase'

The Vancouver Tenants' Union has called on the government to freeze rents in the short-term and thenonly allow them to increase at the rate of inflation.

Sydney Ball, who speaks for the union, says the government has the power to change the equation used for the increase.

"So seeing the pressure on tenants and knowing that it already is a rent crisis they knew when they took power in government," she said. "I really hope that they cancel this increase."

The NDPgovernment has introduced some measures in the past year to help renters.

It removed a clause in the tenancy act that allowed landlords to increase rates above the allowable rental increase limits to match rents within the neighbourhood.

But the governmenthas yet to introduce a $400 annual renter's grant that itpromised in the 2017 election.

"We've been working diligently since we formed government to address the idea of fairness and making sure that we have better protection for renters and ... good protection for landlords," said B.C. Housing Minister Selina Robinson.

Robinson said the province is awaitingrecommendations from its rental house task force in November before announcing new measures.

Meanwhile Ball says if the increase remains and there are further ones in years ahead, there will be consequences in Vancouver.

"We do know as long as it gets more expensive and rents rise, homelessness goes up every single year, it's directly connected," she said. "So we're definitely looking to see more homelessness the more increases we see."

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