February 28, 2017
Tenants who can’t afford rent increases of hundreds or even thousands of dollars might be left looking for a new place, if their unit is in a building built after 1991.
Councillors Ana Bailao and Josh Matlow are calling for the province to review the Residential Tenancies Act and look specifically at rent control. While provincial regulations limit annual rent increases for many buildings, there is no cap on rent increases for buildings built after 1991. The policy was originally introduced in the 1990s to provide an incentive for developers to build rental housing, but Bailão said she is concerned it’s not meeting its original goals. Councillor Josh Matlow and Councillor Ana Bailão will hold a special joint meeting of the Tenants Issues Committee and Affordable Housing Committee in early April, where they will ask the province to review the Residential Tenancies Act.
Both councillors are worried that if something isn’t done soon, people won’t be able to live near where they work or study in the city.