[Traum]

Originally Posted by Tapioca

B.C. announces legislation to close fixed-term rental loophole - British Columbia - CBC News

So it looks like the NDP is doing something on the housing file. But the way this legislation is written, it appears that it may have unintended consequences. I don't know if the government can alter all existing rental contracts...

Originally Posted by Mr.HappySilp

^^ LOL fine then right after the leases is up people will just get new tenants if they want to increase rent. Also landlord needs to have more power. If a tenant doesn't pay rent landlord should be able to kick the tenants out right away and not wait for months and even then the process takes so long.

Finding new tenants is the obvious solution to counter the so-called "loophole". And if legislation is written such that this practice is not allowed, that would only create dis-incentives for (potential or otherwise) landlords to offer up their units for rent. This means reduced supply, and a further worsening of the low rental vacancy / high rent problem.