Home Canada B.C. government introduces Housing Supply Act and removes strata rental restrictions

B.C. government introduces Housing Supply Act and removes strata rental restrictions

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of BC Government We are taking two new measures to address housing Specific details about what powers state housing ministers have are lacking.

The government has introduced the Housing Supply Act to promote an increase in the supply of housing. municipality Establish housing target and build towards those goals.

If passed, the law will require local governments to prepare a housing needs report every five years, after which the minister will review the report to determine if there is a need to set housing targets in the municipality.

California and the UK now have similar housing target frameworks.

Click to play video: BC Government Introduces Housing Law, Eliminates Land Rent Restrictions

BC government introduces Housing Supply Act, removes tiered rental restrictions

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NDP Leadership Candidate David Eby Touts ‘Inverted’ Tax, Legalization of Secondary Suites

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Local governments are under pressure to approve housing projects quickly and possibly increase density to keep up with demand.

The government, now led by Prime Minister David Evey, is amending the Tier Act to remove almost all rental restrictions.

The only exception is buildings with 55 or more buildings, which have built-in warnings to allow home care assistance regardless of age.

“(This) provides full property rights to Strata owners by allowing them to rent their units, especially if a life event occurs and they need to move out of the unit,” the government said on policy changes. Read part of the power point presentation.

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Analysis of David Eby’s Residential Platform

Eby promised sweeping changes to housing in one policy announcement during the brief leadership race.

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Missing from Monday’s announcement is a commitment by the House to reverse the tax and legalize secondary suites in all parts of the state. There is also no specific mention of allowing major urban home builders to replace single-family homes with up to three units of the same footprint.

With the housing law introduced on Monday, the targets are expected to apply to around eight to 10 municipalities.

It is unclear which municipalities will be affected, but the law is expected to apply to those municipalities that need the most urgent action regarding housing.

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Two new measures announced to address BC housing crisis

Eby has made good progress since officially becoming prime minister on Friday, announcing affordable measures, public safety changes and the current housing law.

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