2544 replies to this topic

[rmpeers]

Stefanie Hardman is seeking Together Victoria’s nomination: https://www.stefaniehardman.ca/

Appears to be very much in the same mold as Ben, Jeremy and the others.

[pennymurphy2000]

Appears to be very much in the same mold as Ben, Jeremy and the others.

Of course she is. One of her endorsements is from Jerry's partner, Emily Rogers. 

[rmpeers]

Of course she is. One of her endorsements is from Jerry's partner, Emily Rogers.

Perfect. She can help find more ways for the council to waste its time and taxpayers money while they're playing pretend government on everyone else's dime. And then Old Ben can complain that they need twice as much money for achieving nothing and he can ramble on incoherently about fascists and developers etc etc.

[Victoria Watcher]

ya. it’s all the same old stuff. affordability with no explanation of how that’s achieved.

[rmpeers]

ya. it’s all the same old stuff. affordability with no explanation of how that’s achieved.

Pretty sure it's NOT achieved by blowing money and then jacking up property taxes though.

[Victoria Watcher]

I see in budgeting there is some type of $100k ask from the coalition to end homelessness. why do they deserve to keep getting bucketloads of Victoria taxpayer money? what have they achieved?

[Mike K.]

Affordability is going to take another hit in 2020 with the rapid escalation of insurance premiums for apartments/condos and multi-family properties.

 

Meanwhile the province has set a 2.6% rental rate increase for 2020, which will see existing rental rates increase by $36.40 for a $1,400 apartment, or nearly $440 for the year.

[rjag]

Affordability is going to take another hit in 2020 with the rapid escalation of insurance premiums for apartments/condos and multi-family properties.

 

Meanwhile the province has set a 2.6% rental rate increase for 2020, which will see existing rental rates increase by $36.40 for a $1,400 apartment, or nearly $440 for the year.

 

Going to see a lot of the older buildings receiving less TLC .... unintended consequences

[Nparker]

Can landlords make a case for an additional rental increase if their expenses (such as property taxes and insurance) rise exorbitantly in one year?

[Mike K.]

Yes, if there are extraordinary circumstances the landlord can apply for a rental rate increase above 2.6%.

[Nparker]

Yes, if there are extraordinary circumstances the landlord can apply for a rental rate increase above 2.6%.

Too bad I can't go to my employer and ask for a pay increase to mitigate my extraordinary expenses.

[rjag]

Can landlords make a case for an additional rental increase if their expenses (such as property taxes and insurance) rise exorbitantly in one year?

 

Yup, the Landlord gets to go cap in hand to seek approval for extraordinary cost increases...no indication about timelines or if the review board has any experience with accounting or costings...anybody have a link to the make up and terms of reference of the review board?

Edited by rjag, 05 December 2019 - 09:30 AM.

[Mike K.]

Here is the official wording from the RTA:

An arbitrator’s examination and assessment of an Application for Additional Rent Increase will be based significantly on the arbitrator’s reasonable interpretation of:

- the application and supporting material;

- evidence provided that substantiates the necessity for the proposed rent increase;

- the landlord’s disclosure of additional information relevant to the arbitrator’s considerations under the applicable Regulation; and

- the tenant’s relevant submission

 

Evidence regarding lack of repair or maintenance will be considered only where it is shown to be relevant to whether an expenditure was the result of previous inadequate repair or maintenance.  A tenant’s claim about what a landlord has not done to repair and maintain the residential property may be addressed in an application for dispute resolution about repair and maintenance.

 

[rmpeers]

Affordability is going to take another hit in 2020 with the rapid escalation of insurance premiums for apartments/condos and multi-family properties.

Meanwhile the province has set a 2.6% rental rate increase for 2020, which will see existing rental rates increase by $36.40 for a $1,400 apartment, or nearly $440 for the year.

I think the standard annual rental increase rate has been 2% plus inflation for some years now.

[Mike K.]

The NDP changed that to solely an average of monthly inflation rates, which yields 2.6% for 2020.

 

But rents can escalate in between tenants, and the 2020 insurance hike will be worked into new rents in addition to the 2.6% and any other increases.

[Awaiting Juno]

There is no free lunch.  There is a fundamental lack of understanding about how the prices of things come to be.  There is a fundamental lack of understanding about affordability and what will create it and what will ultimately erode it.  Making it hard to provide rental accommodation by effectively handcuffing the landlord's ability to manage their property effectively does not improve affordability.  Rather it creates scarcity, and scarcity almost always, erases affordability.  Giving everyone large raises, also does little to improve affordability - because without improving the supply of housing available, rents will just escalate.  IF the city were truly wanting to do things to alleviate housing difficulties in this city, they'd be making it easier for landlords to find good tenants, they'd be making it easier for good tenants to find good landlords, they'd make it easier for landlords to evict bad tenants, they'd be making it easier to get the permits needed to build or renovate secondary suites, they'd make repairing and maintaining rental units more affordable, and they'd be reducing the tax burden on those who are supplying housing - particularly housing that meets the definition of being "affordable".

[Nparker]

Awaiting Juno PLEASE run for council! 

[sebberry]

Stefanie Hardman is seeking Together Victoria’s nomination: https://www.stefaniehardman.ca/

[rjag]

Stefanie Hardman is seeking Together Victoria’s nomination: https://www.stefaniehardman.ca/

 

All these lemmings 

[Rob Randall]

All these people investing money looking for a TV nomination. What happens to the losers? Do they then go it alone as an independent?

 

Makes you wonder if you look stronger as an independent right out of the box rather than a TV reject.