Councillor’s plan to protect renters is a recipe for slums

David Goodman of HQ Real Estate Services addresses Mayor Robertson, City Planners and Council Members on the proposed motion that calls on the province to amend the Residential Tenancy Act to require landlords to allow tenants evicted for the purpose of renovations to reoccupy their units once renovations are completed at the same rent as they were paying prior to the renovation.

But, between the lines, this is a recipe for fostering slums.

The new bylaw would ask building owners, who already operate on tight margins, to subsidize tenants by making new investments that are guaranteed to show no return. In fact, if it passes it will merely ensure the existing stock is left to deteriorate with nothing ever fixed up unless or until a suite becomes vacant.