this post was submitted on 22 Aug 2023
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I searched for the article shown during the video in the article: https://www.cbc.ca/news/canada/british-columbia/vancouver-bylaws-limiting-sro-rent-increases-between-tenancies-quashed-1.6543413
Now I'm onto researching what is the point of an SRO then. If there's no pricing control, it's just an acronym for micro apartments...? That can't be.
https://vancouver.ca/people-programs/single-room-accommodation-bylaw.aspx
Okay, so the only thing that SROs have going for them in terms of regulation is that altering, converting, or demolishing SRAs requires a permit. Non-profit SROs can apply for grants, but private SROs can just treat it as a regular rental property. That's totally different from what I had in mind for what an SRA program should be if they were really aiming to prevent displacement. And it's even worse that the city actually made it with rent control legislation, and it was taken down by the province. Infuriating.
Looks like another example of sham regulation designed to appease the people while actually supporting the rich.