Landlords (SRAs) rentals in Vancouver are now limited to how much they can increase the rent for a unit when a tenant leaves.
The city council voted 10-1 Wednesday night to approve a proposal for job control that largely ties the rent to the unit rather than the tenant.
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The proposal states that when a tenant leaves, SRA landlords will only be able to increase the rent by the inflation rate if the unit is $ 500 a month or more, or to inflation plus five percent if the rent is less than $ 500.
The increase rates were recommended by city staff in a report to the council. Some proponents and tenants had pushed for stricter options, including a proposal where no rent increase would be allowed when a tenant leaves.
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Still, those who had been pushing for SRA job control for years viewed the council’s decision as a major victory.
For many, SRA housing is the last resort before homelessness and removal of landlord incentives to push long-term residents out, while bans on rent increases are expected to help keep people off the streets.
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“The SROs (SRAs) are not good housing, but they are better than tents and umbrellas,” Coun said. said Jean Swanson.
“We need to stop the loss of affordable housing for people with low incomes to prevent more homelessness. We are not building near enough social housing to meet the need.”
One vote deviation came from the county council. Melissa De Genova, who did not strongly oppose the proposal but ultimately chose not to support it due to concerns about enforcement.
For landlords concerned about bringing in smaller incomes amid rapidly rising property values, the staff report pointed to opportunities across the province where they can receive exemptions to issue larger rent increases if they incur large or unexpected expenses.
To further allay landlord concerns, an amendment was added to the proposal asking Mayor Kennedy Stewart to urge the federal government to bring back a program that helps landlords pay for necessary repairs.
There is also a funding request attached to the proposal of around $ 500,000 to implement the new bylaws, which must be approved when the city completes its budget in December.
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