VANCOUVER (NEWS 1130) — Vancouver landlords wanting to make renovations must now pay evicted renters twice as much compensation.
The current minimum is two months rent for tenants in the same place less than five years and the maximum is six months for anyone who’s lived more than 40 years in one home.
The city is boosting protections for all displaced and low income tenants, as well as providing more supportive housing for seniors and people with disabilities.
Landlords who violate the Residential Tenancy Act also face harsher penalties and it will be more difficult for developers to tear down older rental towers.
It’s also going to be harder for developers to tear down older rental buildings and landlords who violate rules face harsher penalties.
There is also more resources to help with communication between renters and landlords.
Mayor Kennedy Stewart said in a release that the new measures are “aggressive but thoughtful approach.” He says the city wants to send the message that it will advocate for renters and encourage development of new rental stock.
More to come…