Big Changes for B.C. Renters and Landlords in 2025!

From rent caps to new mortgage options, here’s what you need to know.

2025 is bringing significant updates for renters, landlords, and homeowners in B.C.:

• Rent Cap Relief: Starting January 1, 2025, rent increases will be capped at 3%, offering stability for tenants but posing challenges for landlords facing rising property costs.
• New Mortgage Options: Starting January 15, 2025, homeowners can refinance up to 90% of their property’s value to build secondary suites—unlocking income potential and increasing rental supply.

Here’s how these changes could impact you:

• For Renters: Plan your housing budget with confidence.
• For Landlords: Strategize how to manage costs under the new rent cap.
• For Homeowners: Explore how secondary suites can turn your property into an income generator.

Whether you’re renting, managing properties, or looking to add value to your home, understanding these updates is crucial.