Vancouver rental bylaw could cut renovations
December 20, 2018
A new City of Vancouver rental bylaw could cut into multi-family renovation spending because the regulation penalizes landlords for doing the work.
Under the bylaw passed in December, and so far covering only purpose-built rental buildings, a landlord who is forced to evict tenants while major renovations are being made must allow the tenant back into the suite with no increase in the rent or changes to their rental agreement. Tenant advocates had argued that some landlords used renovations as an excuse to evict tenants so they could raise rents.
A B.C. government-appointed Rental Task Force has recommended the renovation law be applied across the province if other measures to restrict so-called “renovictions” are not controlled.
LandlordBC, an industry lobby group, is among those who say that building owners will pull back on doing renovations if they will not be able to recover the expense. In Vancouver, as in all of B.C., landlords are allowed to increase rents of existing tenants by only 2.5 per cent annually beginning in 2019.