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.
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."
Patterson said the decision could let landlords declare"open season" on tenants to insulate themselves from risks taken when they bet on rental housing.
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