Province announces new rules to protect renters
VANCOUVER, B.C. — Renters are celebrating changes to the Residential Tenancy Regulation that go into effect Monday.
On behalf of Municipal Affairs and Housing Minister Selina Robinson, Vancouver-West End MLA Spencer Chandra Herbert announced Saturday that the province is eliminating the geographic rent increase clause.
This means that landlords will no longer be able to issue large rent increases above the allowable rent increases limit even when other units in the area rent for higher amounts.
“Renters have been threatened with huge rent hikes under the existing rules and that’s a scary situation for any renter,” said Chandra Herbert. “Since 2008, I’ve been working to stop this, so that renters can have the more secure housing they need. I’m pleased our government has delivered for renters today.”