David Eby’s plan to allow rentals in all strata buildings will do little to ease the provincial rental shortage, says the Condo Home Owners.
But a Vancouver tenancy lawyer disagrees, saying “housing is housing” and allowing the owners of all B.C. strata units to rent them out is a good thing.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Gioventu said removing rental restrictions from pre-2010 buildings would make those units attractive to speculators, who could buy several units in the same building and wield their votes to prevent the strata from doing necessary maintenance, ultimately pushing for redevelopment.Article content But B.C.’s speculation and vacancy tax hints at the number of new rentals that might come onto the market with the proposed changes.
He was happy to see Eby release a platform, but cautioned that the issue is a “Gordian knot” that intersects with several other challenging issues, including the overdose crisis and climate change.
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