Landlords Find Loophole To Ease Condo Conversion
<p>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.</p>
"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:
Published on Tuesday, August 7, 2007 in
Topics
- Why was BART's Ridership Forecast for Millbrae Station So Wildly Off-Base?
- A City With Room for Everyone
- Comparing the World's Urban Tree Canopies
- New York City to Invest $32 Million in its Rat Problem
- The Roots of Racial Transition
- Report Predicts the End of Individual Car Ownership
- An Investigation of Affordable Housing Failure on the Atlanta Beltline
- Friday Friendly: More Houses Should Have Patios in the Front
- Road Funding By Taxes, Tolls, and Fees, Broken Down by State
- Chicago Developers Replacing Four-Plus-Ones with Single-Family Homes
- Here Today, Gone Tomorrow, Here the Day After That
- How Planners Can Liberate the Next Amazon
- Buying American Is Making Infrastructure More Expensive, Study Finds
- Lawrence Halprin and the Public Realm: Can the United Nations Plaza Unite San Franciscans?
- Permits for Single-Family Homes in Texas Once Again Outnumber Multifamily Permits
- London Releases Tunnels Map for Claustrophobic Tube Riders
- A New Video to Explain the High Cost of Free Parking
- Difficult Data to Understand: City Drivers Logging More Miles, Rural Drivers Fewer
- Transit Village Plans Popping Up All Over San Jose
- Trump Administration Suddenly Drops Fair Housing Concerns in Westchester, New York
