B.C. has approved an up to $500 monthly renters' supplement and a freeze on rent increases to help tenants across the province who have been financially impacted by the COVID-19 outbreak.
Why it matters: The announcement Wednesday follows the province's $5 billion COVID-19 action plan, which committed to provide support to renters during an unprecedented and economically challenging time.
The B.C. provincial government has approved an up to $500 monthly renters' supplement for individuals in genuine financial distress as a result of the COVID-19 outbreak.
Premier John Horgan also announced Wednesday that B.C. will freeze rent increases and evictions until the current crisis has passed, with some exceptions to the latter.
"This is not the time to seek rent increases and there is just 0% chance of that happening," he said. Landlords will be prevented from legally raising rents starting April 1. Increases slated to take effect on April 1 will no longer be applied.
Horgan said the province is assuming its rental supplement will see 100% pick-up, and that the province is then "working back from there" on the understanding that not everyone will need it. He added that there are around 500,000 tenant households in the province.
"[Uptake] will depend on the depth of the pandemic and the time it will take us to recover," Horgan said.
The additional rental assistance program will be delivered through BC Housing. Minister of Municipal Affairs and Housing Selina Robinson confirmed that the funds are intended to help low- and middle-income renters who have seen a "significant reduction" in income directly related to the spread of COVID-19, be it through reduced hours or layoffs.
The supplement will be paid directly to landlords. The logistics of the program are still being worked through.
Robinson added that the province is granting landlords the power to regulate the use of multi-purpose and amenity spaces to prevent the spread of COVID-19. Existing eviction orders with B.C.'s Residential Tenancy Branch have also been halted.
With few exceptions, landlords will also be prevented from entering tenants' homes without consent.
Vancouver-West End MLA Spencer Chandra Herbert, the former chair of B.C.'s Rental Housing Task Force, confirmed that the Residential Tenancy Branch will continue to operate during this time.
"The stress is off the charts right now. We need to give people security and safety in their rental housing," he said.
The announcement comes a week before April 1 rental payments are due.
The measures are part of the province's $5 billion COVID-19 response plan - which was announced on Monday - and follow tax and payment deferral options from governments, Crown corporations and banks intended to ease the financial burdens Canadians' may be facing.
Earlier today, the federal government announced a new $2,000 monthly benefit for Canadians, which replaces and expands two previously announced emergency benefits.