1451 replies to this topic

[Mike K.]

I know our project at 1224 Richardson is technically in Rockland and at 24 units not a large project.  But we are only 1 block east and two long blocks south of Downtown and are scheduled for completion around June 2024.

 

Looking good!

 

Can I confirm the development firm for the profile?

[IPH]

Hi Mike, the official name is "1224 Richardson Property Corp" which is a joint effort by Harbinger Properties Inc., New Landmarks Design, & Newtco Holdings. 

[Mike K.]

Got it, thank you. Is there a marketing name for this project?

[IPH]

Maybe this:

 

https://letstalkhous...ia-953-balmoral

Yes, sorry I meant in North Park.  

[IPH]

Got it, thank you. Is there a marketing name for this project?

We're not a very creative bunch when it comes to names so Its just called 1224 Richardson  .  Web page is www.1224Richardson.com

[Mike K.]

Thank you!

[Mike K.]

New legislation from the Province:

The Province is taking action to support renters and landlords who play by the rules by amending legislation to better protect people from bad-faith evictions, eliminate rent increases when a child is added to a household and resolve rental disputes faster.

“While most landlords and tenants play by the rules and have respectful relationships, too many people in B.C. are still facing unfair rent hikes and evictions under false pretenses,” said Premier David Eby. “At the same time, many people who have chosen to rent part of their home are struggling to end problematic tenancies. That’s why we’re taking action to protect both renters and landlords with stronger rules designed to ensure the law is respected by everyone — and bring more fairness for everyone in the rental market.”

Proposed amendments to the Residential Tenancy Act and the Manufactured Home Park Tenancy Act will protect growing families by restricting rent increases if a tenant adds a child under 19 to their household. No rent increases above the annual allowable rent increase will be permitted even if there is a term in the tenancy agreement that states rent will increase with new occupants.

The amendments will also deter bad-faith evictions by requiring landlords to use a web portal to generate a notice to evict a tenant for personal use. This will help educate landlords about the required conditions and risks of bad-faith evictions, while providing a standardized process for serving notice. The new process for evictions will also allow for post-eviction compliance audits and provide information to the ministry about the frequency of these types of evictions.

“We are taking action to protect tenants from unfair evictions, promote better compliance and improve the rental system overall,” said Ravi Kahlon, Minister of Housing. “Renters should not lose their homes because of some bad actors who don’t follow the rules. Landlords need the certainty that issues with problematic tenants can be resolved quickly. By putting stronger policies in place and increasing education, we are strengthening protections and promoting stability in the rental market.”

Action is also being taken to resolve rental disputes faster. Since November 2022, wait times at the Residential Tenancy Branch have been reduced by almost 54%, due in large part to additional staff, service improvements and investments to provide resolutions faster. Wait times for the dispute stream that fast tracks hearings for unpaid rent and/or utilities decreased by more than 52% from 10.5 weeks in February 2023 to less than five weeks in February 2024, providing quicker resolution for landlords waiting to get their units back.

The Ministry of Attorney General’s new Money Judgment Enforcement Act will come into force in 2025, which will make it easier and less costly for people to get the money owed to them from decisions resulting from Residential Tenancy Branch hearings.

Other changes through these proposed amendments include:

allowing for more flexibility in addressing cases where there is a problematic tenancy and prescribing more clear guidelines for ending tenancy with justified cause;
increasing the amount of notice a landlord must give a tenant when ending a tenancy for personal occupancy;
increasing the amount of time a landlord must occupy a rental unit after ending a tenancy for personal occupancy from six months to 12 months;
increasing the amount of time a tenant has to dispute a notice to end tenancy from 15 days to 30 days;
prohibiting evictions for personal use in purpose-built rental buildings with five or more units; and
prohibiting eviction for the conversion of rental units to specific non-residential uses.
“These changes are critical to protect good renters and landlords from those who try and cheat the system for profit,” said Spencer Chandra Herbert, premier’s liaison for renters and MLA for Vancouver-West End. “We know of too many people who act in good faith that are facing the consequences of those who take advantage of the system, and this legislation is crucial to put an end to that.”

Since 2017, the Province has taken action to better protect renters, including banning illegal renovictions, strengthening the financial penalties for landlords who evict tenants in bad faith and improving wait times at the Residential Tenancy Branch. The proposed amendments to the Residential Tenancy Act meet government priorities as laid out in the Homes for People Action Plan, further strengthening tenancies in B.C.

[Nparker]

Little of this really seems to support landlords. The intent remains for the socialists to gradually take control of all rental properties by making private property rentals nearly untenable.

[IPH]

Under the new rules, If I buy or build a 10 unit purpose built rental building and later decide I want to use one of the suites to house my children or aging parents I can't evict a tenant to do so.  But someone with a basement suite can?  So someone doing more to help house people is once again punished for doing so.  No wonder landlords are taking their money and investing it elsewhere!

[Mike K.]

Right, and not just at ten units, but at 5 or more. Which means a typical missing middle project would fall under this regulation.

• prohibiting evictions for personal use in purpose-built rental buildings with five or more units; and
• prohibiting eviction for the conversion of rental units to specific non-residential uses.

Regarding the last point, if you have a rented-out basement suite, and want to convert it to a home office, you're now prohibited from doing so?

[IPH]

As long as its a "Personal" home office it should be allowed.  But thanks for asking, that will now be the next "loop hole" comrade Eby moves to close! 

[Victoria Watcher]

ALL of this stuff is becasue we have crazy rent controls that make new units/tenants so much more expensive than old ones, and all these protections are required in order to keep people in units that are renting for well below market value and operating costs.

 

If you were at risk of being "renovicted" from a market-rent unit, you'd just move to another market-rent unit.

 

Same for having a kid etc.