New Westminster Proposes Business Licensing Restrictions Against Renovictions
New Westminster’s City Council has put forward a motion to try and curb major capital overhauls of older purpose-built rental buildings, ie. renovictions. The premise of the initiative is “Enabling Safe, Secure, Affordable Housing”. The scope of this portion of the agenda includes three points:
- A rental replacement policy for any new development site that includes existing rental stock
- Rental housing revitalization initiative
- Business licensing restriction against renovictions
