Burnaby's Renter Protection Plan Introduced
On January 10, 2023, the City of Burnaby, British Columbia, Canada, introduced a renter protection plan to address the rising cost of living and housing affordability. The plan aims to provide stability and security for renters in the city.
"We want to make sure that renters in Burnaby have a place to call home, without being priced out by increasing rents," said councillor Joe Keithley, chair of the city's housing committee.
The plan includes:
- A 3-year freeze on rent increases for existing renters, with a 2% annual increase thereafter.
- A new rent control framework to regulate rent increases for new rentals.
- Increased support for renters struggling to pay rent due to COVID-19, including a temporary rent relief program.
- Increased funding for affordable housing initiatives, including the construction of new affordable housing units.
The plan is part of the city's broader efforts to address housing affordability and make renting more sustainable for residents.
Author's Summary: Burnaby's renter protection plan aims to provide stability and security for renters, addressing the rising cost of living and housing affordability in the city.
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