Rental rates on Vancouver condos have been increasing at a dramatic pace over the past 6 or 7 years and they show no sign of slowing anytime soon. Now that the NDP has put in limits on how much landlords can increase their monthly rent some landlords are now deciding to give annual increases where before they were keeping rents flat for existing tenants. Increased property tax rates, strata fees and insurance and a city wide vacancy rate at 1% are also putting upward pressure on rental rates.