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ApartmentBlocks
The battle between affordability and economic feasibility is reaching a climax as landlords are being demonized by tenants and the city continually deflects blame onto property owners. Tenants who do not want to pay market rent for their rental units are crying Wolf in an unjust world that does not allow them to live in...
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New Westminster’s City Council has put forward a motion to try and curb major capital overhauls of older purpose-built rental buildings, ie. renovictions. The premise of the initiative is “Enabling Safe, Secure, Affordable Housing”. The scope of this portion of the agenda includes three points: A rental replacement policy for any new development site that...
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New Multi Family Assessments
Recently LandlordBC spoke of assessed values of rental buildings, which in turn could render into reduced investments in existing buildings and lead to fewer new developments being made. Representing rental property owners and managers, Chief executive of the organization David Hutniak states, another year of increased assessment values could mean higher property taxes for the...
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Eb Retrofitted York
The term renoviction has become the coined term for any major capital improvements on purpose-built rental buildings; however, soon this will be a word only used for history. With Vancouver poised to set up regulations stipulating strict tenant relocation policies, a court decision allowing tenants to come back into their renovated suite at the previous...
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