Market Rental Housing PolicyMarket Rental Housing
Market rental housing is an important part of Richmond's housing stock. This type of rental housing is provided by the private sector and rented at market rates.
Richmond City Council adopted a Market Rental Housing Policy on September 4, 2018. The policy seeks to protect the supply of market rental housing units in the city, support tenants at the time of redevelopment and encourage the development of new market rental housing. The policy is part of the City's Official Community Plan and Zoning Bylaw.
Residential Rental Tenure Zoning
In May 2018, the Province of British Columbia amended the Local Government Act to provide municipalities with a new authority to zone for residential rental tenure. The legislation allows local governments to limit the form of tenure in multi-family residential areas to rental. Through their zoning bylaws, municipalities may require that a certain number, portion or percentage of housing units in a building be rental. Residential rental tenure zoning is intended to provide local governments with a greater ability to preserve existing areas of rental housing and to increase the supply of rental housing in their communities.
On April 2, 2019, a report was presented to Planning Committee that identified approaches to implementing residential rental tenure zoning in Richmond. Included in the report was a proposed Zoning Bylaw amendment to rezone 60 existing purpose-built rental housing sites to limit the tenure of residential units to rental only. Upon consideration by Planning Committee, the report and proposed Zoning Bylaw amendment was referred back to staff for public consultation.
Public and stakeholder consultation was conducted on proposed approaches to residential rental tenure zoning during May and June 2019. A report summarizing the consultation, along with staff recommendations will be brought forward for Council's consideration during the fall 2019.
Tenant Protections and Relocation Assistance
Richmond tenants living in market rental buildings that are being redeveloped are offered assistance through Richmond's Market Rental Policy (adopted in 2018), as well as protections through the provincial Residential Tenancy Act which is administered by the Province. This Tenant Relocation Factsheet provides more information about tenant protections and relocation assistance available to Richmond tenants.
Recent Reports to City Council
Reports are provided in Adobe Acrobat PDF format.
|2019-Sept-4||Market Rental Housing Policy
One Year Report Back
|2019-Apr-2||Market Rental Housing Policy
and Approaches for
Residential Rental Tenure
|2018-Sept-4||Bylaws 9879, 9889 and
|2018-Jul-9||Market Rental Housing Policy
|2018-Jul-4||Market Rental Housing Policy
(to Planning Committee)
September 2018 - Market Rental Housing Bulletin
For further information, please contact:
Senior Policy Coordinator
Policy Planning Department