Landlords Find Loophole To Ease Condo Conversion

In the Alberta Province of Canada, a loophole in a law meant to protect tenants from being evicted for condo conversions has been discovered that allows landlords to legally raise the rents as high as they want, effectively pricing tenants out.

"Landlords are finding several ways to circumvent a May promise from the provincial government that tenants would get a one-year notice if their building is going to be converted into condos."

"Landlords only have to give the one-year notice if they're doing major renovations and need the unit empty. But there is no cap on rent increases, which can drive away tenants, and there's nothing to stop a landlord from selling a unit when someone is living there."

"More than 4,000 apartments in Edmonton were converted to condos in the first five months of this year, nearly as many as in the whole of last year."

Full Story: Loopholes push tenants out of condo converts

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95