Protect BC seniors and disabled people from excessive rent increases
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This year, Canada Pension payments went up 1.5% to offset inflation. Other pensions are being adjusted by similar amounts as the year progresses. Meanwhile, the BC government is allowing a 4% increase for rental housing. For third year in a row, rents are going up almost three times as much as pensions!
If this continues, rent will eventually consume double the share of income that it does now. If rent takes a third of a pensioner's income now, it will take two thirds then. Every year, more people on fixed incomes will have to choose between renting and eating.
Please protect people on fixed incomes from excessive rent increases. This summer, when your government sets the 2019 rent increase, please limit it to 1.5%, the same rate as this year's pension increase.
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