On June 10th, Council endorsed the resolution and forwarded a report on addressing housing affordability through taxation changes and financial commitment to the UBCM convention. The report proposed advocating to support housing affordability by undertaking the following: 

• Adjust the assessment value of unbuilt density on property values of rental developments and explore variable tax rates for land and improvement to help control land price escalation and speculation; 
• Amend property taxation regulations to allow for variable property taxation rates and allow for progressive property taxation by class, value, and use; and 
• Increase renter protections and supports by sufficiently funding Provincial enforcement to support tenants and minimize displacement, including the power to issue orders to landlords to address standards of maintenance deficiencies, as well as enhanced Residential Tenancy Branch processes to improve response times and lower the burden on tenants. 

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