Elevated home sale activity continues to outstrip the supply of homes for sale in…
City of Vancouver staffers presented a robust presentation to City Council today, outlining a number of ways they think they could work to protect renters in Vancouver
The document presents a whole lot o’ facts and ideas around how they might help the majority of people in our city; the 53% of residents who don’t own their homes.
The three main planks of it are:
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- Protecting renters and their rights.
- Encouraging reinvestment/retrofits of old rental stock, which rents for less than new stock.
- A review of the Rental 100 program, under which thousands of rental units have been constructed – the most in decades.
At the very end of the presentation it was noted that there will soon be a “new” Rental 100 program “combining all rental policies into one document”.
It looks like good news for renters, and council seemed pleased with it today. However some members don’t seem to want to wait to get started “helping” renters; yesterday they almost smashed the Rental 100 program to pieces with a single amendment to a simple rezoning.