Moved by Mayor Horn,
WHEREAS Mission’s Downtown is the heart of our community, serving residents, customers, and visitors, and has been the focus of significant City and neighbourhood investment in revitalization and incentivization; and
WHEREAS these improvements have, in some cases, led to landlords—many from outside the community—escalating commercial rents to levels that are increasing vacancies and undermining the viability of businesses and non-profit partners; and
WHEREAS commercial rent escalation is a growing challenge in communities of Mission’s size across British Columbia, negatively impacting the ability of local retailers to sustain or grow their operations;
BE IT RESOLVED THAT the City of Mission send a letter to the Minister of Finance, with copies to the Minister of Municipal Affairs, the Minister of Housing, and the Minister of Jobs, Economic Development and Innovation, requesting that the Province work with interested local governments to create a program to regulate commercial rent increases and support the long-term sustainability of small businesses in community commercial centres.