Canada Global(Web News)Prime Minister Justin Trudeau, who arrived in Vancouver recently, announced that his government is taking various steps to address the housing crisis and is committed to helping people as much as possible. He said that in this regard, he is going to introduce a new Canadian Renters Bill of Rights.
Justin Trudeau said the bill would create a nationwide standard for lease agreements, give tenants transparency in apartment prices so they can negotiate fairly and ensure they have more options. . We will also soon launch a new $15 million legal aid fund that will protect tenants from unfairly rising rents and evictions, the Prime Minister said.
The Prime Minister added that the federal government will work with provinces and territories to develop this bill of rights for tenants. But currently no specific information has been shared about the bill as to what steps it will take and how long it will be implemented.
Trudeau said it’s unfair that homeowners get credit for their mortgage payments, while renters don’t.
Such a change would require legislative changes to the Canadian Mortgage Charter and buy-in from landlords, banks, credit bureaus and fintech companies.
In particular, nearly four in 10 homes (37 per cent) in Metro Vancouver are rented, and more than half (54 per cent) in the City of Vancouver are rented. Canada Mortgage and Housing Corporation data identifies Metro Vancouver as the most expensive rental market in Canada, with a median monthly rent of more than $2,181 for a two-bedroom apartment.
Trudeau said he got into politics to help young people, and when asked if the pledge announced today was aimed at bringing those voters back to the federal Liberals, he said: “I’m the minister for young people. Working to become Azam.
