Rent controls should be tied to market levels

B.C. has lurched from one rental-housing crisis to another for the past 42 years, each, sadly, worse than the previous.

Rent controls became a fact of life in June 1974 under the Dave Barrett NDP government. The allowable rent increase is set each year in September and allows rents for the following year to be raised by the amount of the previous year inflation rate plus two per cent.

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