Why There Are Unprecedented Premiums on Retrofitted Apartment Buildings

Why There Are Unprecedented Premiums on Retrofitted Apartment Buildings

The term renoviction has become the coined term for any major capital improvements on purpose-built rental buildings; however, soon this will be a word only used for history. With Vancouver poised to set up regulations stipulating strict tenant relocation policies, a court decision allowing tenants to come back into their renovated suite at the previous rent, and a provincial task force recommending a halt on all future capital upgrade projects, the writings on the wall. No more renovictions.

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