By Canadian Press

Protection fund, bill of rights for renters coming; ‘renters matter,’ Trudeau says

Mar 27, 2024 | 11:11 AM

VANCOUVER — The federal government wants to support those who rent their homes with a protection fund, a bill of rights and a plan to give reliable renters credit when they step up to by a home. 

Prime Minister Justin Trudeau says there’s something fundamentally unfair about paying $2,000 a month for rent, while those paying the same for a mortgage get equity and build their credit score. 

The measures are part of next month’s federal budget and include a $15-million Tenant Protection Fund, which would pay provincial legal aid groups to help tenants against unfairly rising rents, ‘renovictions’ or bad landlords. 

The Canadian Renters’ Bill of Rights would also need partnerships with provinces and territories to require landlords to disclose a history of unit pricing and create a national standard for lease agreements. 

The government wants landlords, banks and credit bureaus to make sure rental history is taken into account on credit scores, giving young first-time buyers a better chance at getting a mortgage, with a lower interest rate. 

Rural Healthcare

UNBC runners get active to support rural healthcare

31m ago

SHUTOUT VICTORY

Ravensbergen, Cougars blank Winterhawks to take lead in Western Conference final

4h ago

Day of Mourning

"One fatality is too many:" National Day of Mourning to call for safer work conditions

18h ago

Finance Minister Chrystia Freeland says a no-holds-barred plan in the upcoming budget will help young Canadians “wrestle down” the cost of owning and renting a home. 

“We need to make real the promise of Canada for younger Canadians,” Freeland said. “We are going to pull every single lever and push every single button to deliver more housing without delay.”

This report by The Canadian Press was first published March 27, 2024. 

The Canadian Press