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Personal Real Estate Corporation
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(604) 912 9018

Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Office (604) 558 5511

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July 5th, 2023 Share Print

BRO 6677 Silver Ave, Burnaby_web

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Market insights

Feds’ long-delayed GST waiver on rental housing a welcome relief

The federal government has finally confirmed its intention to remove GST charges on new rental housing, an excellent but critically delayed measure.

Capping rental rates – billion-dollar decisions impact rental housing in B.C.

On September 11th, 2023, the B.C. government moved for the fifth time in six years to limit the maximum allowable rent increase below the level set out in the government’s own standard.

2023 Mid-Year Review

Metro Vancouver’s multifamily market remains challenging, but it’s showing new life despite persistent inflation, interest rate hikes, and rising expenses for developers and landlords.

Will courage trump politics? It’s time to return to predictable annual allowable rent increases

In BC, the increase is typically based on the 12-month average percentage change in the All-Items Consumer Price Index for the province, ending the previous July. Prior to 2019, this formula was CPI + 2%. This formula had been in place since 2000.

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