A BC government panel recommends reducing the maximum legal rent increase to help deal with the housing crisis:
The recommendation tries to strike a balance between renters struggling to keep up with rent increases and landlords who need to maintain their properties, Mr. Chandra Herbert told reporters Monday.
While some groups had called for a rent freeze, the task force decided that wasn’t a fair approach, he said.
“We tried to stake a bit of a middle path between those views – one that will allow increased affordability for people, as well as an ability to maintain properties,” Mr. Chandra Herbert said.
“We don’t want to lose rental properties in this province when for so many years, there was no focus on building them,” he added.
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