The Mayor’s Housing Commission is expected to look at changes to rules and align them with the Provincial Condominium Act.
The Commission is concerned about how the conversion of rental apartments to condos is affecting the vacancy rate and includes proposals for a 24-month guaranteed tenancy for renters and a stipulation that any building of five units or more that is converted to condos must not reduce the neighbourhood vacancy rate below three per cent.
For three- and four-unit conversions the impact must not reduce the rate below 2.5 per cent.
The meeting will also consider proposals to increase incentives to developers to provide more affordable housing in Regina
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
A meeting will take place Thursday (Oct. 1) to discuss the impact of the conversion of condos on renters in