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Money‘Demovicted’ Vancouver renters to get more compensation under new city rules

08:05  12 june  2019
08:05  12 june  2019 Source:   globalnews.ca

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Tiny Vancouver apartments are renting for up to $3750 a month Renting in Vancouver does not come cheap.

‘Demovicted’ Vancouver renters to get more compensation under new city rules© THE CANADIAN PRESS/Darryl Dyck The suite of changes was presented in a staff report on Tuesday, after council voted in December to amend the city's Tenant Relocation and Protection Policy.

Vancouver City Council has unanimously approved new rules designed to protect tenants forced out of their rental units due to redevelopment.

The suite of changes was presented in a staff report on Tuesday, after council voted in December to amend the city's Tenant Relocation and Protection Policy.

The new measures include a significant increase in compensation for tenants who have occupied a unit for more than one year.

READ MORE: Beefed-up cash compensation among protections proposed for displaced Vancouver renters

Residents who have lived in a unit for under five years are now eligible for four months' rent in compensation, while residents who have been in a unit for more than 40 years are entitled to two full years' rent.

‘Demovicted’ Vancouver renters to get more compensation under new city rules© Provided by Corus Media Holdings, Inc.

The compensation applies to redevelopments where a development permit is issued, which would include demolitions and some renovations. It does not apply to renovations where only a building permit is issued.

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The new rules would also require owners to provide more help for displaced tenants looking for a home at a manageable price, and also cover tenants of secondary suites demolished as a part of a land assembly.

READ MORE: New rules could see ‘renovicted’ B.C. tenants get year of free rent

Tenants rights groups, however, say the new rules don't go far enough, leaving out protections for most residents of secondary suites. They also argue that unscrupulous landlords could forgo development permits and try to skirt the rules by only using building permits for some jobs.

However, landlords worry that boosting compensation too much could put a chill on the industry.

"What we don't want to do here, because we have aging rental stock, is discourage investment in that stock," said Landlord BC CEO David Hutniak.

READ MORE: Landlords who ‘renovict’ tenants in New Westminster could face fines

"And the reality is much of it needs to be redeveloped, not because it's old and unsafe but because we need more new units as well. So you have to find that balance."

Staff appear to have taken those concerns at least partly to heart, refusing to recommend boosting discounts for renters returning to units after redevelopment, warning it could cause "significant potential financial challenges" to the creation of new rental housing.

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