Release: RTB’s Terrible Decision Bails Out Incompetent Landlords at the Expense of Innocent Tenants

FOR IMMEDIATE RELEASE

August 14th, 2024

Vancouver, Coast Salish Territories - In a horrible decision posted earlier this year, the RTB (Residential Tenancy Branch) ruled in favour of jacking up their tenant’s rents by a staggering 23.5% due to “unforeseen” increases to their variable rate mortgage. COPE strongly opposes this decision to put the costs of landlord’s mistakes onto their tenants.

“Tenants are struggling with market rents already. The loophole that allows landlords to pass their poor management onto tenants should be immediately closed by the province.“ Said COPE Co-Chair Tanya Webking, “Every investment comes with risk. BC doesn’t need an ‘fiscal incompetence’ loophole for landlords.”

“A 23.5% rent increase is ruinous to a tenant.” Said Co-Chair Shawn Vulliez today, “Tenants are not ATM machines to bail out property owning landlords. They’re human beings with their own bills to pay.”

COPE will continue to fight to close the loopholes that landlords use to jack up rents. The Coalition of Progressive Electors is Vancouver’s progressive party since 1968.

-30-

Contact: cope@copevancouver.ca