What about the challenges being faced by landlords? A freeze of nearly 2 years is too much!
“Who, Mr. Premier, is going to pay for those inevitable costs? Are you going to freeze those expenses as well?"
News of the rent freeze being further extended by John Horgan’s NDP government, now to the end of 2021, is not sitting well with B.C.’s Conservatives.
“Last week NDP MLA Chandra Hebert stated, ‘We know many people who rent in our communities have been challenged by high rents’, but what about the challenges being faced by landlords? Challenges we brought up early last November.” remarked Conservative BC leader Trevor Bolin. “A freeze of nearly 2 years is too much!”
“Being in the real estate industry for over two decades, and a city councillor for 13 years, I understand the need and, ultimately, the desire for safe, secure housing for British Columbia families. That said, what NDP Premier John Horgan and his Ministers have failed to address, in this rent freeze, are the rising costs being faced by landlords and the tenants they care about.
In less than a month all British Columbians will again be hit by an increase in the carbon tax, and landlords are also seeing increased municipal taxes and other expenses, such as repairs to plumbing and heating, that are a regular fact of life that comes with providing rental accommodations.”
Asked Bolin, “Who, Mr. Premier, is going to pay for those inevitable costs? Are you going to freeze those expenses as well?
There is only one result that will come from this heavy-handed intrusion into the marketplace and that will be fewer properties being developed, which will mean greater demand once the rent freeze ends. Ultimately, it will mean far less opportunity for safe, clean, and reasonably priced accommodations for BC families.”
B.C.’s Conservatives are calling on the Premier, and Housing Minister David Eby to take a second look at their decision.
“Consider the advantages that an open free market offers, with fair and reasonable rent increases.” suggested Conservative BC leader Trevor Bolin. “If not, the unintended consequences are likely to be higher future costs, along with far fewer rental options available.” he concluded.