Housing Affordability For Renters Has Been A Clear Issue In Recent Municipal And Provincial Elections, With Several Politicians Offering Different Solutions

Sunday, June 9th, 2019 at 12:00am

“The current crisis of rental availability and affordability in Vancouver is posing a serious challenge to the ability of renters to stay and thrive in Vancouver.”

Housing affordability for renters has been a clear issue in recent municipal and provincial elections, with several politicians offering different solutions (Vancouver Sun, 2019). It should be no surprise that various politicians across several locations are trying to help renters and rentals really do make up a large percentage of voters.

However, politicians may push policies that will actually harm tenants by discouraging developers from building critically needed rental homes or from repairing existing aging rental buildings.

According to the Vancouver Sun, new municipal policies force landlords to pay tenants if they are forced to move out during renovations, they even have the right to return to renovated suites at the previous cost of rent.

“Other policies that impose high costs on new rental developments, as well as the uncertainty if they will be approved by councils, have developers, banks and other financiers such as large pension funds backing away from purpose-built rental projects in Metro Vancouver” (Vancouver Sun, 2019). A poll found that 14,000 of 18,000 rental units in the Lower Mainland under development had been shelved.

If you are thinking of buying or selling your property, or would like to get expert real estate advice, please contact Matt Gul, a top selling luxury real estate agent in West Vancouver. Contact Matt Gul at 778.888.8888 or at  [email protected]

Summarized by Selin Gul

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'Malicious’ Vandalism Causes Massive Flood At Vancouver Apartment Building

Tuesday, June 4th, 2019 at 12:00am

Dozens of people have been forced from their homes after a vandal caused a flood inside a brand new Vancouver apartment building Thursday.

Should There Be Any Rental Restrictions On Strata Units In B.C.?

Tuesday, June 4th, 2019 at 12:00am

B.C.’s Premier John Horgan and housing minister Selina Robinson are receiving opposing recommendations on whether to ban rental restrictions on strata units, or continue to allow strata corporations to limit rentals.

Toronto Has The Most Expensive Rental Market In Canada

Tuesday, June 4th, 2019 at 12:00am

Toronto rent is high. It’s unlikely that anyone renting in Toronto needs a report to confirm this. But it’s not just that the rent is high. It’s that it keeps going up.

Vancouver's Rental Prices Are Falling, Listings Analysis Suggests

Tuesday, June 4th, 2019 at 12:00am

Median price of 1-bedroom unit down 3.8% compared to 2018, according to analysis of Craigslist prices

The Average Cost Of Rent In Canadian Cities For May 2019 (MAP)

Tuesday, June 4th, 2019 at 12:00am

Canada’s rental market saw little change over the past month, according to the May 2019 report from Padmapper.

Opinion: Housing Shortage Is Feeding Rental Fraud

Tuesday, June 4th, 2019 at 12:00am

There is no denying that we are in a housing crisis and that is tough enough, but the fact that people are using this to their advantage to scam others out of their rent money is awful.

Whether you are the one looking for a rental home or a landlord seeking a tenant for your rental home, it’s a stressful time.

Vancouver Ranked 2nd Most Expensive City To Rent An Apartment In Canada

Tuesday, June 4th, 2019 at 12:00am

What should really come as no surprise is that Vancouver is currently one of the most expensive cities in the country to rent an apartment, according to a new report.

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