Vancouver Mayor Gregor Robertson is introducing a motion at City Council tomorrow asking the City’s new Renters Advisory Committee to review the provincial Residential Tenancy Act, and provide recommendations to Council on key changes for which to advocate.
More than half of all Vancouver households rent. Vancouver has some of the lowest vacancy rates in the country, with the English Bay West End neighbourhood having a vacancy rate of just 0.7%. 3% is considered a healthy vacancy rate.
“The combination of rising rents and aging rental buildings is putting many families and seniors at risk, and we want to see changes in place to better protect renters in neighbourhoods throughout Vancouver,” said Mayor Gregor Robertson. “While we’ve seen remarkable progress in recent years after decades of inaction – with more than 3,000 new rental units approved under our rental incentive programs since 2012 – more needs to be done to help support renters, especially those on low incomes.”