New Westminster Proposes Business Licensing Restrictions Against Renovictions

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:

  1. A rental replacement policy for any new development site that includes existing rental stock
  2. Rental housing revitalization initiative
  3. Business licensing restriction against renovictions

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