VANCOUVER — Lawyer Rob Patterson says the phones at B.C.'s Tenant Resource and Advisory Centre never stop ringing — but he worries a decision allowing a...
VANCOUVER — Lawyer Rob Patterson says the phones at B.C.'s Tenant Resource and Advisory Centre never stop ringing — but he worries a decision allowing a landlord to impose a 27 per cent rent increase will fuel even more demand for its services.
"If this is indeed an opening-of-floodgates situation, it's pouring gasoline on a fire in terms of housing affordability in the province," he said. "Pretty decisive action is needed in a pretty quick turn-around to nip this in the bud." The tenants meanwhile told the arbitrator the property was an investment, and shortfalls should not be classified as a loss since the landlords would "come away with a million-dollar house."
"It's just bad policy from the beginning," he said. "It encourages risky behaviour from landlords, from property purchasers." A June decision involved an unnamed landlord who also bought a rental unit with a variable rate mortgage, relying on her broker or banker's advice that rates would hold steady.
“Renters are struggling with the high cost of rent," the statement said. "I know people have a lot of questions and I've directed staff to review this policy and how it impacts renters in the current context.”LOS ANGELES — Los Angeles police have arrested four suspects in the fatal shooting of former “General Hospital” actor Johnny Wactor.
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