BC's Freeze on Rent Increases Extended to July 2021

As of November 9, 2020, the BC government has extended the freeze on rent increases in BC until July 10, 2021, under the powers of the Emergency Program Act and COVID-19 Related Measures Act.
Categories: Personal Insurance
Nov 19th, 2020 | By: CapriCMW

As of November 9, 2020, the BC government has extended the freeze on rent increases in BC until July 10, 2021, under the powers of the Emergency Program Act and COVID-19 Related Measures Act.

The ban on rent increases originally came into effect on April 1, 2020 and was set to expire on December 1, 2020. Any rent increases previously served that would have come into effect on December 1, 2020, are now cancelled, along with any pending increases until July 2021. Tenants are instructed to disregard any rent increase notices received after March 30, 2020 and continue to pay their current rent until the expiration of the rent freeze.

Landlords must account for any overpayments that have been received by tenants. It is recommended that landlords simply deduct the overpayment amount from the following month's rent or pay tenants directly for the difference. 

Landlords and tenants with questions can contact the Residential Tenancy Branch at 1 800 665-8779 or at HSRTO@gov.bc.ca.

Visit this Government of BC webpage for more information on COVID-19 policies for residential tenancies.

 

Recent Blog Posts

Employee Benefits / Human Resources, workplace safety, health and safety, COVID19
Key Considerations for Return to Work Strategies

Employers have difficult decisions to make as they begin rolling out plans for bringing employees…

Sep 17th, 2021 | By: CapriCMW
Personal Insurance / Property Management, strata
6 Tips for Protecting Your Strata Unit While You're Away

As travel within Canada and internationally resumes, you may be already have plans for your next…

Sep 15th, 2021 | By: CapriCMW
Employee Benefits / group retirement, pension plan, retirement savings
Strategies to Improve Financial Literacy in the Workplace

Canadian employees like the idea of group retirement plans, with 70 per cent willing to trade a…

Sep 8th, 2021 | By: CapriCMW
Search the Blog
photo-10.jpg

Confidence and Freedom

At CapriCMW, we provide personalized insurance and custom risk solutions to give you the confidence and freedom to focus on what matters to you. Talk to an Advisor or get a quote today.

Get a Quote    Or call 1-800-670-1877

Can’t find what you are looking for? Ask us!