A B.C. ruling allowing two landlords to increase rent by 23.5 per cent is leading to concerns for Canadian renters.

The residential property at the centre of the ruling is a four-plex unit purchased in October 2021. Rent amounts at the property ranged from $1,282 to $1,550, according to the court documents.

The landlords requested a rent increase after their interest rates went up from 1.9 per cent in 2021 to 6.65 per cent in 2023.