B.C. Rental Housing Task Force recommends cutting annual rent increase cap

The BC NDP is being urged by a government task force to limit rent increases to the cost of living.
The move, recommended by the B.C. Rental Housing Task Force, would do away with the current calculation that allows landlords to charge their tenants annual inflationary increase plus an additional two per cent top-up.
Earlier this month, the Residential Tenancy Branch set the maximum allowable rent increase for 2019 at 4.5 per cent, the greatest jump since 2004. Coming a time when vacancy rates a