For a conventional residential tenancy rent increase that takes effect in 2010, the allowable increase is 3.2 per cent. The annual allowable rent increase for conventional residential tenancies is determined by the formula in the Residential Tenancy Regulation. For more information please visit the Residential Tenancy Branch of BC at www.rto.gov.bc.ca.

Deposit interest rates are set according to the Residential Tenancy Regulation. The Regulation states that rates of interest payable to a tenant on security or pet damage deposits are 4.5% below the prime lending rate of the principal banker to the Province on the first day of each calendar year, compounded annually.The prime business lending rate on January 2 was 3.5%. The Residential Tenancy Branch calculated the deposit interest rate for 2009 is 0.0%.

For more information on Deposit Interest Rates visit www.rto.gov.bc.ca