On April 29th, Council directed staff to explore and implement additional policy tools to protect tenants from citywide development-induced displacement in secondary rentals. This policy supports tenants who live in purpose-built rentals that are being redeveloped and generally include the right of First Refusal, rent top-ups for interim housing, and moving costs to be covered by the developer. 

The policy intends to protect tenants who live in stratified apartment units, secondary/basement suites, or older single-family homes. Additionally, the report highlights that Bills 44 and 47 may expose renters to a higher risk of displacement due to the potentially expedited timeline of redevelopments. The details of the scope of tenant assistance will rely on economic analysis conducted by staff and will guide the data collection of the 2024 Housing Needs Assessment.  

More information can be found in the full report by City staff.