Tri-City News April 25 2018

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ARTS: Heritage rocks the ’80s hits [pg. 24]

WEDNESDAY, APRIL 25, 2018 Your community. Your stories.

TRI-CITY

NEWS

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A BLOOMING BEAUTIFUL DAY FOR A WALK

You know spring has fully spring when a rhododendron tree in full bloom provides a colourful backdrop for strollers last Wednesday in Coquitlam’s Como Lake Park.

MARIO BARTEL/THE TRI-CITY NEWS

HOUSING

Rental rules will help cities: mayors Province will pass new regs allowing rental-only zones GRant GRanGeR The Tri-CiTy News

The province is giving municipalities the ability to create rental-only zones, a power Tri-

City mayors are welcoming after having sought it for some time. The NDP government announced Tuesday legislation to provide the discretionary tool local governments, via the Union of BC Municipalities (UBCM), have long asked the province for. Currently, municipalities can zone for density on a property but can’t prevent developers

from building condominiums instead of rental units. Coquitlam Mayor Richard Stewart said he has been calling for the province to give municipalities the ability to create rental-only zoning since the 1990s because the region has been bereft of rental-housing construction for 40 years. “The devil is in the details but, at first blush, it looks like

we will finally be able to zone for tenure, which will help municipalities achieve even greater gains for rental housing development,” he told The Tri-City News. “We’ve achieved a lot in the last few years, thousands of new rentals, but this is one tool we’ve always been missing and it will make our housing affordability strategy more effective.” Stewart, who is chair of Metro

Vancouver’s regional planning committee, said the best place for rental housing is within walking distance of rapid transit because studies have shown renters are more likely to use transit, reducing traffic congestion and improving livability. He said rental-only zoning will make it easier for municipalities to manage land values to make rental housing more vi-

able to potential developers who are outbid by condo developers. Stewart said while the legislation gives municipalities another tool to increase the supply of rental, he wouldn’t want to see cities punish an owner of an existing rental property by “dezoning” it, reducing its market value in the process. see ‘CERTAINTY’ IS KEY, page 4

contact the tri-city news: newsroom@tricitynews.com / sales@tricitynews.com / circulation@tricitynews.com / 604-472-3040

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