BCGEU applauds the housing minister’s decision to review caps on rental price hikes

From Victoria to Nelson and Kelowna to Prince George, we hear stories of members struggling to pay for housing in today’s market. Our members will be happy to see the new NDP government take action on affordability.” — Stephanie Smith, BCGEU President

Vancouver (07 Sept. 2017) — The B.C. Government and Service Employees' Union (BCGEU/NUPGE) applauds housing minister Selina Robinson’s announcement that the new NDP government, in an effort to stabilize rental prices, will look into changing the guidelines that cap the amount by which landlords are allowed to hike rental prices year after year.

Housing affordability major priority for BCGEU/NUPGE members

The rising cost of housing is having a very real impact on working people in B.C. As housing prices have increased faster than wages, working people are seeing the consequences in a significant loss of purchasing power.

“Housing affordability is a major issue for our members,” said Stephanie Smith, BCGEU President. “From Victoria to Nelson and Kelowna to Prince George, we hear stories of members struggling to pay for housing in today’s market. Our members will be happy to see the new NDP government take action on affordability.”

Landlord tactics to increase rent more than cap to be stopped by NDP 

Under current rules, landlords are able to increase rental prices for existing tenants by 2 per cent plus inflation, once every 12 months. This year, that has resulted in a price increase of up to 4 per cent for many families in B.C., who already pay some of the highest housing prices in the world. The proposed changes would reduce this cap in an effort to stabilize rental prices.

Robinson also said legislation to close the “fixed-term loophole” would be tabled in the fall. Landlords can currently use this loophole to hike prices past the 2 per cent plus inflation cap by forcing tenants into signing new one-year leases.

Stabilizing housing prices and reducing the cost of rent is one of the most effective ways to support working people across the province. The BCGEU/NUPGE looks forward to working with the new government to find solutions to the housing crisis that work for all British Columbians.


NUPGE

The National Union of Public and General Employees (NUPGE) is one of Canada's largest labour organizations with over 370,000 members. Our mission is to improve the lives of working families and to build a stronger Canada by ensuring our common wealth is used for the common good. ~ NUPGE

 

NUPGE Components: